Finance

Kindred US records $7.8m loss in Q4 on marketing and operations costs

CEO Henrik Tjärnström expects Q419 losses to double in 2020 as operator invests in Indiana and Iowa expansion

Kindred Group reported EBITDA losses of $7.8m across its US business in Q4 2019 on high marketing and operational costs. In the Stockholm-listed operator’s first publicly reported quarter for US performance, the cost of services, marketing and admin expenses totalled $10m, while revenues reached $2.2m. However, Group CEO Henrik Tjärnström said overall US revenues had…

Finance | Indiana | Iowa | Kindred Group | Pennsylvania | Unibet

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