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Business
October 27, 2022
Kindred Expects Strong Year despite Q3 Decline
Online betting and iGaming operator Kindred Group released its official Q3 earnings statement, detailing the company’s current financial status and prospects. The Stockholm-listed operator’s year-on-year revenue dropped by 7%, but the management team remains confident in future success thanks to the strong Netherlands launch and the upcoming World Cup. Financial Results Were Less than Stellar […]
Industry
October 26, 2022
Kindred Renews Collaboration with EPIC
Kindred Group announced a renewal of its partnership with EPIC Risk Management as part of its policy of reaching “net zero” revenue from harmful gambling by the end of 2023. This comes after Kindred revealed that in the third quarter of 2022 the company’s share of the revenue from unhealthy gambling increased by 0.5 percentage […]
Industry
October 25, 2022
Kindred to Launch Unibet in Washington with the Swinomish Tribe
Online betting and gaming company Kindred Group announced it has signed an agreement with a Native tribe from Washington to bring retail and sports wagering to the state via its flagship Unibet brand. Launch Pending Licensure and Approvals Kindred Group and the Swinomish Tribe put pen to a six-year agreement with provisions for a five-year […]
Industry
October 14, 2022
Boro and Rangers FC Promote Safe Gambling Via Kindred Donation
After appointing a new chief human resources officer in the person of the former head of PepsiCo Rachel Randle-Williams, leading casino and gambling operator Kindred Group has announced that it will show its support for the upcoming Safer Gambling Week. The event which will be held for ten days in the UK starting October 13 […]
Legal
October 10, 2022
Kindred: Lotteritilsynet Should Be More Transparent
Lotteritilsynet, Norway’s gambling regulator, has long been trying to stop Trannel, a Kindred Group subsidiary, from illegally operating in the country. The situation recently came one step closer to its resolution as Trannel gave in and promised to comply with the authority’s conditions. Trannel to Stop Actively Targeting People in the Country Last month, the […]
Industry
October 7, 2022
Norwegian Lottery Authority Placed Trannel’s Fine on Hold
Trannel’s Norwegian saga took an unexpected turn today after the country’s gambling regulator, the Norwegian Lottery Authority, announced a suspension of the daily fine of NOK 1.2 million ($112,265). Temporary Suspension of Compulsory Fine In a statement on its website, Lottstifts announced that the hefty daily fine that had been imposed on Kindred Group’s subsidiary […]
Lottery
September 26, 2022
Kindred Group to Appeal Hefty Fine by Norwegian Lottery Authority
Stockholm-listed gambling operator Kindred Group is going to appeal the decision by Lotteritilsynet (the Norwegian Lottery Authority) to fine its Malta-based subsidiary Trannel with NOK 1.198 million ($117,164) per day starting on October 5. Kindred Group Continues Operations, as Usual, Awaiting the Court Decision Kindred Group CEO Henrik Tjärnström has announced that his company is […]
Legal
September 16, 2022
Kindred’s Trannel Fined NOK1.2m per Day by Norwegian Regulator
A subsidiary of Kindred Group was issued with a hefty fine for operating without a license in Norway and refusing to stop operations, the Norwegian Lotteries Authorities confirmed Thursday. Illegal Operations to Cost Annual Income Trannel, the Malta-licensed subsidiary of Stockholm-listed Kindred Group and operator of the group’s flagship Unibet brand, which is the main […]
Legal
September 16, 2022
Norway to Fine Trannel for Repeated Refusal to Leave
At the beginning of 2022, Lotteritilsynet, Norway’s gambling regulator, warned Kindred Group that it risks fines if it continues its unlicensed operations in the country. The authority is now preparing to penalize the operator as the latter refuses to have its subsidiary quit the Norwegian market. Lotteritilsynet Warns Trannel for the Last Time Trannel International […]
Industry
September 15, 2022
Kindred Group Partners with Nuvei to Expand Payment Services
An official press release by payment provider Nuvei revealed that the company made a partnership contract with online gaming operator Kindred Group. Nuvei’s pay-in and payout options aim to boost player conversion through various quality-of-life changes and boost Kindred’s European growth. Kindred Focuses on Its Core Markets The new partnership does not come as a […]
