Industry News
Kindred Group Anticipates Dip in Revenue

Kindred Group has notified investors that it anticipates a 30% revenue decline in corporate revenues to £247 million, as a result of “temporary Dutch market headwinds” impacting its business.
The Stockholm-listed online gambling group issued a pre-close trading update ahead of its Q1 earnings call on April 28, alerting investors of its expected + £100 million slump in revenues.
Since October 1, Kindred has ceased all customer operations in the Netherlands, adhering to the pre-licensing rules of the Dutch market’s KOA online gambling regime – in which the firm anticipates securing a licence by H1 trading.
Dutch headwinds and tough trading comparatives had been previously cited as factors impacting Kindred’s Q4 2021 trading, which had recorded a 30% revenue decline to £244 million.
“Excluding the impact of the Netherlands, the corresponding decline was reduced to 5% (1% in constant currency) and is primarily a result of the tough comparative period,” read Kindred’s trading statement.
The revenue decline sees Kindred forecast a Q1 2022 EBITDA downturn to £25 million down 76% on like-for-like Q1 2021 results of £106 million.
Undertaking KOA market adjustments, Kindred had previously notified investors that it expected to incur EBITDA costs of £10-to-£12 million related to its temporary Dutch market withdrawal.
-
Africa6 days ago
Dr. Gloria Herndon Prepares Launch of Charitable Casino Platform in Kenya, with A License Secured
-
Interviews5 days ago
Inside the Matrix: A Conversation with EveryMatrix Founders on Europe, Expansion, and Staying Hands-On
-
Compliance Updates5 days ago
WTA and ITF Publish Season-wide Online Abuse and Threat Report
-
Industry Awards5 days ago
Kaizen Gaming’s Betano Recognised as Brand of the Year at the EGR Marketing & Innovation Awards 2025
-
Industry News5 days ago
SOFTSWISS Takes Home Four Awards In One Night
-
Africa4 days ago
pawaTech strengthens its integrity commitment with membership of the International Betting Integrity Association
-
Latest News5 days ago
Logifuture appoints Khoren Kalashyan to accelerate global rollout of flagship virtual products
-
Baltics4 days ago
Estonian start-up vows to revolutionise iGaming customer support with AI