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Business
January 24, 2024
Amid FDJ Takeover Bid, Capital Research Reduces Shares in Kindred
Capital Research and Management Company, a subsidiary of The Capital Group Companies, Inc., reduced its shares in Kindred Group. On Wednesday, Kindred confirmed that it received notification about the reduced number of shares and voting rights by Capital Research and Management Company. Per the notification, as of January 22, 2024, Capital Research and Management Company […]
Business
January 22, 2024
Kindred Posts Strong Q4 Results amid Takeover Bid from FDJ
The leading global online gambling operator, Kindred Group, released a new report, highlighting details regarding its fourth quarter and full year 2023 performance. The new preliminary financial report revealed that the overall revenue of the company for Q4 2023 hit £312.9 million ($398 million). This result marked an increase of 2% when compared to the […]
Business
January 22, 2024
FDJ Explores Blockbuster $2.5B Deal to Acquire Kindred Group
France’s premier lottery and sports-betting operator, La Française des Jeux (FDJ), is on the verge of clinching a monumental deal to acquire the Stockholm-listed Kindred Group for approximately $2.5 billion. Kindred Group Purchase Signals Ambitious Online Gambling Expansion for FDJ FDJ, a dominant force in France’s lottery and offline sports betting arena is seeking to […]
Sports
January 19, 2024
Kindred Donates Boro Sponsorship Space to MFC Foundation
Kindred Group, the principal club sponsor of Middlesbrough FC, has vowed to donate its front-of-shirt sponsorship space for the upcoming match against Millwall FC. According to the gambling operator, its logo will be temporarily replaced by the logo of the MFC Foundation. Kindred, which is the company behind leading betting brands such as 32Red and […]
Casino
December 22, 2023
Kindred Group Launches with OnAir Entertainment for Live Casino
Kindred Group will benefit from OnAir Entertainment’s dedicated live casino content and strengthen its presence in the vertical through the addition of new & dynamic titles. OnAir Entertainment brings a diverse selection of titles, including traditional live casino games as well as game shows designed to elevate the entertainment value operators can provide their audiences. […]
Legal
December 20, 2023
Malta’s FIAU Imposes Fine on Trannel International for Compliance Failures
Malta’s Financial Intelligence Analysis Unit (FIAU) has slapped a hefty fine of €222,736 ($244,085) on Trannel International Limited, a subsidiary of the Kindred Group, for significant lapses in compliance with regulatory standards. FIAU Exposes Trannel’s Risk Analysis Shortcomings with Critical Compliance Deficiencies The FIAU’s investigation revealed that Trannel had failed to conduct proper risk analyses […]
Business
November 29, 2023
Kindred Posts Q3 Results, Announces NA Exit
Kindred Group has published its unaudited interim report for the period from January to September 2023. Revenue in the third quarter remained stable, leading to positive year-to-date results. In Q3, Kindred’s revenue reached GBP 283.9 million (roughly $360 million), representing an increase of 2%. Gross winnings revenue from the business-to-customer division increased by a single […]
Industry
November 16, 2023
Kindred Provides Rangers FC with Gambling Education
Kindred Group is marking ten years of collaboration with the Scottish soccer team Rangers FC. To celebrate the occasion, the company will supply the team with EPIC Risk Management-led gambling education sessions. This will notably be the first time the Scottish Premiership has joined forces with a safer gambling consultancy such as EPIC. Under the […]
Casino
September 19, 2023
Swintt and Kindred Group Join Forces, Bringing Enhanced iGaming to Europe
Following a series of distribution deals inked in Q2 2023, Swintt has announced an exciting partnership with Kindred Group, a renowned player in the online gaming sphere. This new alliance will see Swintt’s games making their way onto Kindred Group’s platforms licensed by Malta Gaming Authority (MGA), Sweden’s gambling regulator Spelinspektionen, the Netherlands Gambling Authority, […]
Casino
September 14, 2023
Norway: Gambling Regulator Says Kindred Will Exit the Market
The gambling regulator in Norway, Lotteritilsynet, announced on Thursday that a dozen gambling operators, offering their services illegally in the country are expected to leave the market. Overall, 15 operators are currently in the process of withdrawing from the market, revealed the regulatory watchdog. While Lotterilsynet did not name Kindred, it referred to the leading […]
