Kindred Group flags £8m negative Q4 impact from France

Henrik Tjärnström insists the worst is over in key European market as tax model switches to GGR

Half of Kindred Group’s £15m negative fourth quarter impact is from headwinds in the French market, according to CEO Henrik Tjärnström. Tjärnström confirmed the operator has stacked up costs of approximately £8m in France in Q4 to date, due to a combination of low sports betting margins and a tax rate based on turnover. Kindred’s…

Finance | France | Henrik Tjarnstrom | Kindred Group | Sports betting