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Business
July 26, 2024
FDJ Posts H1 Report, Refutes Kindred Deal Concerns
La Française des Jeux (FDJ) has published its H1 results, posting an increase in gaming revenue. In the meantime, the company’s chief financial officer addressed the looming acquisition of Kindred Group. FDJ’s H1 Results Were in Line with Expectations FDJ’s H1 report highlighted revenue of EUR 1.4 billion ($1.5 billion), marking an 11% increase year-on-year. […]
Business
July 24, 2024
High Euro 2024 Activity Bolsters Kindred’s H1 Report
Kindred Group has published its unaudited H1 report, highlighting increases across the board, driven by the company’s favorable performance in the second quarter of the year. CEO Nils Andén praised the solid quarter, saying that it builds on the solid start to 2024. In Q2 2024, the company reported a total revenue of £327.6 million […]
Sports
June 18, 2024
Kindred Group Pledges to Responsible Gambling during Euro 2024
Kindred Group, the operator behind a number of successful and popular online gambling brands, reaffirmed its ongoing commitment to responsible gambling amid one of the most awaited soccer competitions for the year, Euro 2024. The exciting tournament kicked off on Friday and is set to continue through mid-July. During that time, Kindred expects to see […]
Business
June 5, 2024
Reimblad Exits Kindred, Colley to Serve as Interim Director of Sportsbook
Kindred Group is parting ways with its director of sportsbook, Andreas Reimblad. Having served the company for over 16 years, Reimblad will now explore new options. In a post on LinkedIn, Reimblad explained that his departure comes ahead of a “new and exciting opportunity.” Reimblad remarked that the Euro 2024 would mark his 8th major […]
Business
May 24, 2024
Kindred Announces Major Shifts in Shareholding
Kindred Group, one of the world’s leading iGaming operators with business across several continents, has announced changes in the stakes held by two of its most prominent shareholders. In three consecutive updates, the company announced that The Goldman Sachs Group and JPMorgan Chase & Co have modified their respective shares in the company. Both companies […]
Business
May 7, 2024
Kindred Highlights Bengaluru as Silicon Valley of India
On its way to expansion, the online gambling operator that consists of nine globally recognizable brands, Kindred Group, announced it will seek talent in Bengaluru, India. The company is establishing its new Tech Hub in the city and seeks to access the rich pool of technical experts in the region. Kindred’s new Tech Hub in […]
Business
April 22, 2024
Kindred Publishes Its Quarterly Journey Towards Zero Report
Kindred Group has published its new Journey Towards Zero report, highlighting the fluctuations in revenue from high-risk players. The initiative seeks to minimize the money the operator company makes from such players. According to Kindred, the first quarter of 2024 saw a slight increase in revenue from high-risk players to 3.2%. Additionally, the company reported […]
Business
April 18, 2024
FDJ Posts Q1 Results, Confirms Readiness to Acquire Kindred
La Française des Jeux (FDJ), France’s leading gaming operator, has published its Q1 results, reporting an increase in revenue. The group experienced significant growth across several segments and reaffirmed its acquisition of Kindred Group. Gaming revenue in France reached EUR 645 million ($688 million), up 3% year-on-year. Total revenue for Q1 2024, on the other […]
Business
March 13, 2024
Kindred Highlights Achievements in 2023 Annual and Sustainability Report
One of the world’s leading online gambling operators, Kindred Group, released its 2023 Annual and Sustainability report, highlighting a number of accomplished achievements and upcoming goals. Details regarding the report emerged Wednesday with the company confirming that it has enjoyed exceptional results through the fiscal 2023 year. Following strategic objectives Kindred demonstrated not only financial […]
Industry
February 19, 2024
FDJ to Officially Launch Public Tender Offer for Kindred
France’s premier lottery and sports betting operator, La Française des Jeux (FDJ), announced that its takeover proposal for Kindred Group has been approved by the Swedish regulator. As a result, the French betting powerhouse will launch its offer on February 20. According to FDJ, its offer document secured the official approval of the Swedish Financial […]
