Kindred Group highlights drop in risk detections as Q1 revenue rises 11%

Stockholm-listed operator sees 35% decrease in number of risk detections between March and April on reduced activity and reveals plans to close Roxy Casino, iGame and Bohemia brands

Kindred Group today reported an 11% uptick in gross winnings revenue to £249.7m for Q1 2020. Underlying EBITDA rose by 37% to reach £42.5m, up from £31.1m in the same period last year, while first quarter profits dipped significantly from £17.7m in 2019 to £2.4m for 2020. The Stockholm-listed operator was negatively impacted by the…

Finance | Henrik Tjarnstrom | Kindred Group | Q1 2020 | Sports betting | Sweden | Unibet