Gambling Clear News
In its Q2 financial report Kindred posted a 29% year-on-year increase in revenue to £307.3m (€356m/$394m). Kindred’s Q2 focus on cost controls amid an ongoing strategic review and a strong performance in the Netherlands are keeping the business on track to surpass full-year earnings expectations, according to interim CEO Nils Andén. A total of £63.6m
Swedish gaming operator Kindred Group has confirmed that chief marketing officer Elen Barber and chief commercial officer Anne-Jaap Snijders have both resigned from the company. Alongside former CCO and current interim CEO Nils Andén, Barber and Snijders led a review of Kindred’s commercial and marketing operations in the second half of 2022. Kindred said that
Henrik Tjärnström has resigned as chief executive of Kindred Group, with chief commercial officer Nils Andén to serve as his interim replacement. Henrik Tjärnström first joined Kindred Group, then Unibet, as a non-executive director in 2003. He became its chief financial officer and deputy CEO in 2008, before taking the top job two years later.
Henrik Tjärnström, CEO of Kindred, has said that “no item is sacred” in terms of cutting costs on an earnings call addressing Kindred’s Q4 trading update released earlier today (13 January). Although Kindred’s Q4 revenue is projected to rise 24.5% year-on-year to £305.0m (€343.1m/$372.2m), Kindred said this was not up to expectations and vowed to
Norwegian regulator Lotteritilsynet will once again pause its daily fines against Kindred, having now determined that the Unibet operator does not target Norway. The pause is the latest step in a long saga between Kindred and authorities in Norway, including Lotteritilsynet. Lotteritilsynet in September warned Kindred that it would impose a fine of NOK1.198m (£98,902/€113,930/$116,930)
