Kindred cuts harmful gambling revenue share to 3.3% in third quarter, targeting zero by 2023

Kindred cuts harmful gambling revenue share to 3.3% in third quarter, targeting zero by 2023

Article brief provided by iGaming Business
  • Robert Fletcher, iGaming Business
October 25, 2021 11:22 PM
  • Robert Fletcher, iGaming Business

Kindred Group reported a quarter-on-quarter decline in the amount of revenue it generated from harmful gambling, with this falling to 3.3% in the third quarter of its financial year.

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The percentage for the period from 23 June to 20 September was the lowest since Kindred in February began publishing the share of revenue derived from harmful gambling as part of its ‘Journey towards zero’. Kindred has set a target of reaching 0% of revenue from harmful gambling by the end of 2023.

The Q3 figure was down from 4.3% in the second quarter of 2021 and 3.9% in Q1, as well as 4.3% in the fourth quarter of Kindred’s 2020 financial year.