Business
December 20, 2021
Women in Racing Receives Further Support from Kindred Group
Kindred Group announced on Monday that it extended its funding toward the “Racing Home” project. The project that is supported by Kindred in collaboration with Women in Racing aims to raise awareness of the challenges working mothers face within the horse racing industry. Kindred Extends Its Support for Women in Racing By expanding the funding, […]
Business
December 20, 2021
Kindred’s Share Buy-Back Program Returned SEK600M to Shareholders
A buy-back program initiated at Kindred Group in July this year with the purpose to return excess cash to shareholders is now complete, announced today the gaming operator. Share Buy-Back Program Complete Kindred Group said it repurchased a total of 942,000 shares/SDRs in the period December 1-17, 2021 within the buy-back program the Board of […]
Sports
December 6, 2021
Kindred Supports the LGBTQ+ By Backing “Racing Is Everyone’s Sport”
The online gambling operator Kindred has vowed to support the Racing Is Everyone’s Sport initiative, run by Great British Racing, and help it in its corporate social responsibility inclusivity endeavors. Kindred Supports the LGBTQ+ The Racing is Everyone’s Sport campaign, alongside the soccer-oriented initiative Rainbow Laces, is a way to show that the sports community […]
Business
October 28, 2021
Kindred Enters Choppy Seas with Challenging Q4 Results
Swedish betting operator Kindred has had a year of ups and downs. Kindred experienced gradual growth, hitting a 6% year-to-year increase in its revenues for the third quarter of 2021. However, it is currently growing through a major drop. Kindred’s Marks a Difficult Start to Q4 The operator’s fourth-quarter saw its revenues plummet by 61% […]
Industry
October 25, 2021
Kindred Continues on 0% Harmful Gambling Revenue Mission
Kindred Group continues to tackle problem gambling revenue with the group expressing confidence that its active measures to slash proceedings from vulnerable gamers have resulted in significant progress. Presently, Kindred Group estimates that only 3.3% of its revenue is generated from harmful gambling, citing data for the third quarter of 2021, and the group is […]
Business
October 1, 2021
Kindred Group Temporarily Ceases Servicing Dutch Players
A second European gambling group decided to cease operations in the Netherlands prior to the official launch of the market for licensed operators. Further Clarification Needed Malta-based Kindred Group announced yesterday that its operations in the Netherlands would cease on a temporary basis with immediate effect due to the official launch of the market for […]
Sports
August 13, 2021
Pittsburgh Steelers Name Unibet Official Sports Partner
Kindred Group’s sportsbook brand announced on Thursday that it is now an Official Sportsbook Partner of the Pittsburgh Steelers in Pennsylvania. Under the deal, Kindred and the Steelers will boost fan engagement and collaborate via digital and social media channels. Unibet Becomes Official Sports Partner for the Pittsburgh Steelers Ahead of the football season, Unibet […]
Industry
July 21, 2021
Kindred’s Efforts to Reduce Gambling Problems Pay Off
The second quarter of 2021 has resulted in 4.3% of the total revenue Kindred Group saw coming from “harmful gambling,” according to the company. The shared results are part of Kindred’s strategy to reduce problem gambling, Journey Towards Zero. Compared to the Q1 revenue in 2021, the revenue from harmful gambling has increased, but not […]
Business
July 2, 2021
Kindred Group Acquires Outstanding Shares at Relax Gaming
Kindred Group announced today it signed an agreement to buy the outstanding shares of online gaming supplier and third-party aggregator Relax Gaming. Payments Spread over 3 Years Kindred will pay initial cash consideration of €80 million ($95 million), out of a total value of €295 million ($350 million) for the outstanding 66.6% of shares, upon […]
Legal
April 23, 2021
Unibet Receives Mobile Sportsbook Permit in Virginia
Unibet Interactive, the US sports betting brand of Kindred Group, received this week a mobile sports betting permit in Virginia to expand its presence into 4 states. “We are excited to add Virginia to the growing list of states that Unibet and Kindred Group call home as we continue our expansion in the US market.” […]