Business
August 1, 2022
Kindred Group Announces 23M Share Buyback Program
Kindred Group has told investors that the company will begin a share buyback. The buyback was approved during an Extraordinary General Meeting held back in June. During the meeting, it was decided that Kindred should attempt to recover as many shares as it can, but not exceed a particular threshold or a number of the […]
Business
July 21, 2022
Kindred Is Exploring a Potential Sale
In June, Kindred Group announced it has obtained a gaming license for the Netherlands Towards the end of the same month, the group inked a deal with AFC Ajax via its Unibet brand. Now, the group is allegedly considering a few valid sale options. Giants 888 and Entain count among the names that could ink […]
Industry
July 20, 2022
At-Risk Players Still Make Up Only 3.3% Kindred‘s Profits
In April this year, Kindred Group announced that high-risk gamblers make up only 3.3% of the company’s profits. Three months later, this number remains the same but the company’s intervention measures have improved. Kindred’s Journey to Zero Continues Kindred is yet to reach its goal of making no profits from high-risk gamblers. A year ago, […]
Legal
June 23, 2022
Kindred Group’s Trannel Lost Appeal with Oslo District Court
Online gambling operator Kindred Group received another blow in its legal battle to operate in Norway after a court in the capital sided with the country’s gaming regulator and ordered the operator to leave the market. Legal Setback for Trannel Trannel, a Malta-licensed subsidiary of Kindred Group, lost its appeal in the Oslo District Court […]
Sports
June 21, 2022
Kindred Group Inks Deal with AFC Ajax
Kindred Group has secured a partnership with AFC Ajax through its Unibet brand. This will reinforce the gambling company’s foothold in the Netherlands, a market it entered two weeks ago. Kindred and Ajax to Work Together Kindred aims to promote Unibet to local bettors and has decided that there is no better way to do […]
Industry
June 15, 2022
PressEnter Group Appoints Renaux as Head of Strategy
PressEnter Group has strengthened its team with the addition of a new head of strategy and business development. The one taking the role is Nicolas Renaux, Kindred Group’s ex-head of delivery and portfolio management. PressEnter Acquired Renaux from Kindred Group In his new position, Renaux will be responsible for helping both PressEnter’s existing and upcoming […]
Business
May 2, 2022
Corvex Management Nearly Doubles Stake at Kindred Group
Online gambling company Kindred Group received a notification from one of its shareholders, New York-based hedge fund Corvex Management, for a major change in its holdings at the company, the Malta-regulated business announced in a filing Friday. On Par with Capital Group Making the information public pursuant to the Listing Rules of the Malta Financial […]
Business
April 26, 2022
High-Risk Gamblers Make Up only 3.3% of Kindred’s Profits
Kindred Group, a company operating nine gambling brands, has reported that a smaller portion of its revenues come from problem bettors than in 2021. Kindred Earns Less from Problem Gamblers According to numbers shared by the company, only 3.3% of its overall revenues during the first quarter of 2022 have come from harmful gambling. Taking […]
Industry
March 15, 2022
Kindred to Support Ukrainians Escaping Russia’s Illegal Invasion
Kindred Group has become the latest company that has chosen not to be impartial to the plight of millions of Ukrainians escaping the illegal invasion of their country by Russia. As a result, the online gambling group is offering refugees a fast-track job application service in a bid to help people get back on their […]
Industry
March 3, 2022
Kindred’s Unibet to Expand with Nine New Arizona Locations
Kindred Group announced today a new agreement in Arizona that allowed the group to obtain nine Limited Event Wagering Operator (LEWO) licenses and further expand the footprint of its flagship brand Unibet in the state. Unibet’s Expansion in Arizona The new agreement between Kindred Group and Turf Paradise granted Unibet nine new LEWO licenses for […]