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Business
November 6, 2020
Kindred’s Diversified Model Helped Shrug off Disruptions
Nasdaq Stockholm-traded gaming operator Kindred Group released an interim report today, informing investors about its third quarter and January-September financial performances, outlining it managed to shrug off the ongoing disruption in the industry for the third quarter due to its diversified model. Gross Winning Revenues Rise Kindred Group issued a trading update in October, ahead […]
Business
November 2, 2020
32Red Prepares to Withdraw from Italy, Urges Transfer to Unibet
Kindred Group’s 32Red brand will exit Italy effective November 30, a new message sent to consumers revealed. Kindred has urged players to transfer to the brand’s sister website, Unibet.it. 32Red Bows out of Italy But Sister Brand Remains Despite choosing to withdraw the 32Red brand from the Italian market, Kindred Group is nowhere near giving […]
Casino
October 29, 2020
Kindred Group to Acquire Casino Blankeberge in Belgium
The Rank Group Plc reached an agreement with Kindred Group to sell its Blankeberge Casino in Belgium. The £25 million acquisition is expected to be completed in Q4 2020. Kindred to Acquire Blankeberge Casino from Rank Group The leading online gambling operator Kindred Group has announced it will acquire 100% of the shares in Blankenberge […]
Business
October 10, 2020
Kindred Group Expects Third Quarter Record Revenue
Kindred Group released a Q3 trading update Friday, ahead of its third quarter interim report scheduled for November 6, saying revenue would be at an all-time high. The sports betting and iGaming operator based in Malta expects to generate for the three months ending September 30 in the region of £280 million. Double-Digit Growth in […]
Industry
October 10, 2020
Energy Targets by Kindred Align with the Paris Agreement
The energy targets by Kindred Group align with the Paris Agreement. With a target set back in 2018, the company plans to source 100% renewable electricity by 2023. Furthermore, the operator revealed its Q3 2020 results which outlined strong revenue growth. Kindred Plans to Source 100% Renewable Electricity by 2023 Earlier this week, one of […]
Business
September 8, 2020
Kindred Signs with Penn National, Enters Illinois and Ohio
Kindred announced today its expansion across regulated US markets will continue as the sports wagering company entered into an agreement with Penn National Gaming to ensure market access to Illinois and Ohio. The new agreement will provide access for Kindred’s brand, Unibet, to pursue licensing in Illinois, through Argosy Casino Alton, and in Ohio, through […]
Business
June 6, 2020
Kindred Supports European Football Network, Battling Match-Fixing
Kindred, a world leading online gambling operator, has teamed up with the European Football Network to start a new campaign fighting against match-fixing. Kindred Partners up with EFDN for a New Campaign Kindred Group together with the European Football Network (EFDN) is battling match-fixing. With the help of a new project called Fair Sports 4 […]
Poker
May 14, 2020
32Red Shuts Poker Down, Unibet the New Destination
In anticipation of the MPN shutdown, Kindred-owned 32Red has sent an email notifying player that the company will suspend its poker operations, referring players to Unibet Poker. 32Red Shelves Poker Vertical After MPN Closure Ahead of the forthcoming Microgaming Poker Network (MPN) closure due on May 19, British gaming giant 32Red has announced that it […]
Business
April 27, 2020
Kindred Group Posted 11% Revenue Growth for First Quarter 2020
Malta-based Kindred Group issued its January-March 2020 interim report, posting first quarter winnings of £249.7 million, an 11% increase in revenue compared to the same period in 2019. Underlying earnings before interest, tax, depreciation, and amortisation /EBITDA/ amounted to £42.5 million, despite £20.7 million of comparability cost adverse effect. Sports Betting the Main Driver Despite […]
Business
April 10, 2020
Kindred Cuts 75 Jobs, Adapts to New Market Realities
Adapting to new market realities, Kindred Group is shedding 75 jobs across its offices in Europe. Outgoing employees will receive the support they need and deserve, the Group said. Kindred Group Announces 75 Job Redundancies in Europe Malta-headquarter provider of iGaming solutions, Kindred Group, will lay off as many as 75 employees around the world, […]