Tag Archives: Kindred

  1. Home
  2. Kindred
Kindred launches new platform in New Jersey
May 10, 2023

Kindred launches new platform in New Jersey

Bookiecity

Kindred has announced that its proprietary tech platform is now live in New Jersey, which the business said provides it with a “richer” set of analytics and data.

The New Jersey Division of Gaming Enforcement (NJDGE) gave final approval for the platform’s launch earlier in the year. Kindred is currently active in the New Jersey gaming market through its flagship Unibet brand.

The company described the new platform as an “important” step in rolling out the enhanced offering throughout all its gambling services in the US.

Kindred said the platform improves the customer experience through customisable and personalised content and products and gives Kindred access to better analytics and flexibility. The company added that this will allow the operator to create a safer environment for its consumers.

Kindred enhanced platform live in New Jersey

Kindred CEO Henrik Tjärnström said he was “proud and grateful” of the product the business’ team had created.

“However, the true winners are o..

Continue Reading

Kindred enters Washington State with Swinomish Tribe
April 20, 2023

Kindred enters Washington State with Swinomish Tribe

Bookiecity

Kindred Group has expanded into the Washington State market by launching the first phase of its partnership with The Swinomish Tribe.

Under the agreement, Kindred will roll out a retail operation at the Swinomish Casino & Lodge, in line with a wider, six-year deal announced in October last year.

The first phase of the sportsbook launch covers Unibet branded kiosks and over-the-counter sports betting, with further developments to include a Unibet sports betting lounge, due to launch later this year.

Read the full story on iGB North America.

Continue Reading

Kindred approved to launch proprietary platform in New Jersey
April 18, 2023

Kindred approved to launch proprietary platform in New Jersey

Bookiecity

Kindred Group has secured final approval from the New Jersey the Division of Gaming Enforcement to launch its proprietary gaming platform in the US state.

The roll-out, Kindred said, would improve flexibility and performance through a richer set of analytics and data, as well as give Unibet customers in New Jersey an enhanced experience where products and content can be better tailored.

Kindred added that the new platform would cater for its wider, safer gambling approach in accordance with local needs and requirements.

Read the full story on iGB North America.

Continue Reading

Kindred loses lawsuit over Norway fines, but plans to appeal
June 22, 2022

Kindred loses lawsuit over Norway fines, but plans to appeal

Bookiecity

Trannel, the business behind online sportsbook and casino Unibet, a subsidiary of Kindred Group, has lost its lawsuit against the Norwegian state – related to its presence in the country – in Oslo district court, but will appeal the decision.

Trannel initiated the lawsuit in the context of regulator Lotteri-og Stiftelsestilsynet (Lotteritilsynet) ordering the subsidiary to cease offering services in the jurisdiction. Neither Trannel nor its parent company has a licence to operate in Norway, which operates under a monopoly model.

After the initial ruling, Trannel complained to the Ministry of Culture and Gender Equality regarding alleged violations of the Gambling Act. Once the appellate body came to the same decision as the regulator, Kindred launched the lawsuit against the state.

Lotteritilsynet initially made the decision to stop Kindred brands Unibet, Mariacasino, Storspiller and Bingo doing business on 5 April 2019. After the order the gaming group was threatened with a daily ..

Continue Reading

Kindred to withdraw from Germany
June 17, 2022

Kindred to withdraw from Germany

Bookiecity

Kindred brand Unibet will exit the German market on 1 July blaming the slow progress of licensing and onerous regulatory restrictions.

The operator said it had taken the “difficult decision” to withdraw its application for sportsbook and virtual slots licences, and cease all operations from 1 July.

“Our long-term strategic direction sets out locally regulated markets as the core engine for our growth, however licence application procedures, licence conditions, and the regulatory environment need to be transparent, sustainable, and financially viable for a market to be competitive,” Kindred explained.

It said the current application processes, and the terms and restrictions for product offerings, meant the regulated market was not sustainable nor competitive enough to withstand offshore competition.

“Therefore, we do not see a foundation for long-term shareholder value and customer experience at the moment.”

As its current operations in Germany are limited, the withdrawal would ..

Continue Reading

Unibet prepares for Ontario launch after securing igaming licence
March 28, 2022

Unibet prepares for Ontario launch after securing igaming licence

Bookiecity

Kindred's Unibet brand has detailed its plans to launch in Ontario, having received a licence to do so.

This marks Unibet’s seventh licence in North America.

Kindred will launch its online gaming and sports betting products through Unibet under Ontario’s open regulatory model.

Ontario’s online gaming market will launch on 4 April and will be overseen by iGaming Ontario, a subsidiary of the Alcohol and Gaming Commission of Ontario (AGCO).

“This is an exciting day and a significant milestone for both Kindred and Unibet,” says Amanda Brewer, country manager Canada, Kindred Group. “We are proud to have received permission to launch in Ontario on the first day the market opens and look forward to building long-term relationships with our customers and partners.”

Several other operators secured licences ahead of the market launch, including Bet365, Flutter-owned FanDuel and PointsBet.

“Ontario is full of sports teams and passionate fans, which is no surprise given the history and ..

Continue Reading

Kindred records “strongest year to date” after year-on-year revenue increase
February 9, 2022

Kindred records “strongest year to date” after year-on-year revenue increase

Bookiecity

Kindred has reported revenue figures of £1.26bn (€1.50bn/$1.71bn) for 2021, representing an 11.4% increase on the previous year.

Casino and games revenue was the biggest contributor to the total with £648.7m, up 12.0% from £579.0m in 2020. Sports betting revenue accounted £547.2m, while poker revenue came to £30.8m. Other revenue sources added a further £28.5m.

Western Europe proved to be the most lucrative region for Kindred in 2021, generating revenue of £798.4m- an increase of 13.1%. The Nordic countries followed with £287.8m, while central, eastern and southern Europe added £110.5m.

Operating costs for the year totaled £470.4m. Marketing costs were £234.7m, while administrative expenses came to £235.7m. Other costs incurred, including merger and acquisition expenses and personnel restructuring, amounted to £16.5m.

However Kindred received an extra £75.5m from regulatory sanctions and previously held equity interest.

Operating profit for 2021 was £342.2m, a rise of 66.2% ye..

Continue Reading