Kindred Group share price plummets 20% on Q4 guidance

Stockholm-listed operator primed for poor fourth quarter due to weak sports margins and regulatory upheaval

Kindred Group’s share price fell by more than 20% in early trading after the Stockholm-listed operator issued a Q4 profit warning. The firm warned that gross winnings revenue (GGR) was negatively impacted heading into Q4 across most markets due to weak sports betting margins and increased regulation. Fourth quarter revenue is expected to come in…

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