Tag: Kindred
Cost cutting helps push Kindred’s net profit up 22.7% in Q1 as North American exit, possible sale to FDJ approach
Kindred Group reported a 22.7% increase in net profit to £31.4m ($39.1m) during its first quarter, helped by cost reduction initiatives... more
FDJ’s CEO says ‘planets aligned’ for acquisition after Kindred’s US exit
La Française des Jeux (FDJ) Chairwoman and CEO Stéphane Pallez says there was “an alignment of the planets” following the French... more
Kindred highlights ‘dynamic sustainability’ in 2023 report
Kindred Group has published its combined Annual and Sustainability Report for the 2023 financial year. Providing an introduction to the... more
FDJ clears Swedish financial audit to proceed with €2.6B acquisition of Kindred
Groupe Française des Jeux (Groupe FDJ) has announced that it has received regulatory approval by Finansinspektionen, Sweden’s Financial... more
Mixed responsible gambling success for Swedish operators in H2
Kindred Group, Svenska Spel and ATG have published responsible gambling data for activities in Sweden during the second half of 2023,... more
Kindred Group appoints Nils Andén permanent CEO
Kindred Group Wednesday announced the appointment by its board of directors of Nils Andén as permanent CEO. Andén was appointed interim... more
Kindred hails improved customer interventions in latest Journey to Zero update
Kindred Group Plc cites that improved customer interventions have led to a ‘slight decrease’ in revenue share generated from harmful... more
Kindred closes tough 2023 on stable results as key investors back FDJ takeover
Kindred Group Plc has detailed improved financial results and corporate KPIs, closing full-year 2023 trading. The board of the... more
FDJ nears roughly $2.5 billion deal for Kindred Group
La Française des Jeux is in talks to acquire Kindred Group for around $2.5 billion, according to people familiar with the matter, in a... more
Kindred Group announces exit from North America
Kindred Group, the European gambling giant behind US sportsbook Unibet, has announced its intentions to withdraw from the North American... more