Finance

Kindred predicts record Q4 as gross winnings revenue reaches all-time high

Multi-brand operator hails continued strong activity across key markets as revenue anticipated to jump 55%

Kindred Group expects to report a 55% year-on-year upsurge in gross winnings revenue during the fourth quarter of 2020 to an all-time high of £365m. The Stockholm-listed operator reported strong revenue growth combined with substantial operational leverage and cost efficiency measures, which should increase estimated Q4 underlying EBITDA to £115m. To put that into context,…

Finance | Henrik Tjarnstrom | Kindred Group | Q4 2020 | Sports betting

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