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Kindred’s revenue from harmful gambling decreased to 3.0 per cent in the first quarter of 2023
In the first quarter of 2023, Kindred Group’s share of revenue from harmful gambling decreased to 3.0 per cent and the improvement effect after interventions was 83.0 per cent. During the quarter, effects of automated technological solutions such as detecting and engaging with customers at risk through automated interventions are showing initial signs of a positive trend.
Kindred Group plc (Kindred) reports a decrease in the share of revenue from harmful gambling to 3.0 (3.3) per cent in the first quarter of 2023. This positive trend can be attributed to improvements focused on enhancing the customer’s responsible gambling journey. During the quarter, 83.0 per cent of detected customers saw improved gambling behaviour after an intervention was made by Kindred’s responsible gambling and customer facing teams. This is a small improvement from the previous quarter and serves as another testament to the importance of intervention efforts.
Global statistics from Kindred Group |
 Q2 2022 |
 Q3 2022 |
 Q4 2022 |
 Q1 2023* |
Share of gross winnings revenue from high-risk players |
3.3Â % |
3.8Â % |
3.3Â % |
3.0Â % |
Improvement effect after interventions |
84.7Â % |
82.6Â % |
82.1Â % |
83.0Â % |
*90 day rolling period between 20 December 2022 and 19 March 2023
“We have continuously emphasised the importance of detecting and engaging with our customers who are showing markers of harm. To prevent a harmful behaviour, early intervention is critical, and I am glad that we can see result of the roll out of automated interventions that we have done in some of our markets,” says Henrik TjĂ€rnström, CEO of Kindred Group.
“Going forward I look forward to following the holistic approach and collaboration across different teams within Kindred. Responsible gambling is not a factor only for one team, but it is something that every single employee contributes to through their knowledge and commitment to reducing harmful revenue. By our tech teams working hand in hand with the responsible gambling and customer facing teams, we can swiftly release improved interventions across different markets. All in line with our Journey towards Zero road map,” concludes TjĂ€rnström.
About our Journey towards Zero
Kindred Group is committed to transform gambling by being a trusted source of entertainment that contributes positively to society. Therefore, Kindred has set an ambition to reach zero per cent revenue from harmful gambling and to report this metric on a quarterly basis. This is done to increase transparency, to support a fact-based dialogue about harmful gambling, and to raise awareness of the Group’s sustainability work.
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Meridianbet Foundation (GMGI) Marks Five Years of Successful Global Scholarship Program
For the fifth consecutive year, the Meridianbet Foundation is proud to recognize and reward exceptional academic talent through its scholarship program. This program now reaches students across all markets where Meridianbet operates, supporting their academic journey and professional aspirations with meaningful financial awards and industry exposure.
Meridianbet, founded in 2001 and now part of Golden Matrix Group (NASDAQ: GMGI), has grown into a global leader in online sports betting and gaming. Operating in 17 jurisdictions across Europe, Africa, and South America, Meridianbet leverages proprietary technology and a scalable, omni-channel approach across retail, desktop, and mobile platforms. This commitment to innovation and accessibility extends beyond gaming, driving Meridianbet’s support for initiatives like the scholarship program, which fosters talent and empowers communities across all markets it serves.
Empowering Tomorrowâs Leaders
These scholarships are more than financial assistanceâthey represent the companyâs commitment to empowering young people with the skills, knowledge, and experiences necessary for success. For our awardees, the Meridianbet Foundation Scholarship is a launchpad for both academic and career development, fostering a strong foundation for their futures. Awardees have consistently shared how this support motivates them to excel further and make a positive impact in their communities.
Promoting Civic Engagement and Sustainability
The Meridianbet Foundation believes in fostering a well-rounded educational experience that extends beyond academic excellence. Our scholarship recipients are not only top students but also active participants in civic and sustainability projects. Many have contributed to initiatives in recycling, public space maintenance, and environmental stewardship, setting an example for responsible community involvement.
Bridging the Gap Between Academia and Business
As a tech-driven company, Meridianbet recognizes the evolving skill gaps between traditional education and the demands of the contemporary business. To help close this gap, the Meridianbet Foundation actively support scholars in building practical skills across key fields, such as marketing, game design, artificial intelligence, investor relations, regulatory compliance, and human resources.
By connecting students directly with hands-on experiences in the fast-paced tech industry, the company offers them a competitive edge as they begin their professional journeys. This unique opportunity allows scholars to apply their academic knowledge in a real-world setting and acquire globally relevant expertise.
A Lasting Commitment to Academic Excellence
The Meridianbet Foundationâs dedication to fostering educational growth and professional development remains stronger than ever. By investing in the potential of exceptional students, Meridianbet continues to build a future workforce that is not only skilled but also socially conscious. The company looks forward to seeing how these remarkable individuals use this opportunity to excel, innovate, and contribute to their communities.
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Major affiliate QiH Group reports impressive Q4 and FY 2024 financial results
QiH Group, a prominent iGaming affiliate, has announced its financial results for Q4 2024, the three-month period ending 30 September. The results showcase robust performance and ambitious growth in a rapidly evolving, highly regulated and increasingly competitive online market.
Key Q4 Highlights
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Revenue: ÂŁ6.33m, a 73% increase from Q4 2023
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EBITDA: ÂŁ1.43m, a 90% increase from Q4 2023
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FTDs: 49% increase from Q4 2023
Key FY24 Highlights
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Revenue: ÂŁ20.57m, a 59% increase year-on-year
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EBITDA: ÂŁ4.85m, a 59% increase year-on-year
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FTDs: 43% increase year-on-year
CEO Comments
âWe are thrilled to report strong quarterly results that underscore our commitment to innovation and customer satisfaction in the iGaming space,â said Jamie Walters, CEO and co-founder of QiH Group. âStrategic enhancements to our in-house tech, growing the business rapidly and appointing the absolute best people to our C-level team has clearly paid off.â
Operational Highlights
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Strengthened C-suite leadership team with the hire of leading CTO Sachin Saxena
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Expanded into a new sports vertical through the successful launch of Podium Bets, with sports betting expected to deliver up to 15% of full-year revenue activity in 2025
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Average headcount growth of 16% for Q4 2024 and 15% for FY 2024, leading to a significant expansion of the London office
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Entered strategic partnerships with 120 partners, delivering our trusted high quality traffic experience as further evidence of our successful internal strategy
Post-period Outlook
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Finalised C-suite leadership team with the hire of leading CFO Simon Winder
âAs we head into the next trading year, QiH Group looks primed to go from strength-to-strength. Our C-level team is now complete and we have been able to attract some really impressive individuals to our most important senior positions, as proven by our recent hires. Our focus on compliant methods, data-driven results and responsible marketing will enable us to continue delivering value to our partners, clients and customers for the long term,â said Walters.
Latest News
BETBAZAR strengthens product line-up with GR8 Tech partnership
Industry-leading B2B iGaming marketplace unveils collaboration with the high-performance sportsbook and iGaming platform provider to supply even more solutions to clients
Betbazar â the innovative technology company behind the worldâs leading B2B iGaming marketplace â has this month revealed details of a recent partnership with GR8 Tech that will enable it to provide an impressive array of sportsbook solutions to customers.
With GR8 Tech being one of the industryâs most forward-thinking providers of sportsbook and iGaming platform software, the collaboration means all BETBAZAR clients will be able to choose from a wide range of products aimed at providing a more immersive online experience to players.
While GR8 Techâs award-winning sportsbook platform, MTS (managed trading services), and streamlined iFrame will all be available via the BETBAZAR marketplace, the star of the show from an operatorâs perspective will certainly be the companyâs critically acclaimed sportsbook data feed.
GR8 Tech developed this innovative solution to empower iGaming companies to supply an enhanced sportsbook experience to their customers. The GR8 Feed delivers real-time odds, scores, and statistics on approximately 100,000 events from the industryâs most trusted providers.
Covering everything from esports to American football, the feed itself is seamlessly integrated through an API and can harness the power of artificial intelligence to deliver live alerts and a dashboard that breathes life into customersâ statistics. All of this is backed up by bulletproof security features and a dedicated support team thatâs available 24/7, 365 days a year.
Given the data feedâs scope to improve clientsâ revenue streams and the myriad benefits offered by all of the other GR8 Tech solutions, the partnership will further establish BETBAZARâs marketplace as the go-to destination for customers’ iGaming needs. Both parties are already looking forward to the numerous opportunities the collaboration should bring.
Alex Iaroshenko, Chief Executive Officer at BETBAZAR, said: âIt goes without saying that if you want to be the iGaming industryâs leading B2B marketplace, you have to be able to offer the best products available â and in GR8 Techâs innovative range of sportsbook solutions, we believe weâve found a selection of services that will empower operators to offer a best-in-class user experience.
âCovering everything from sportsbook platforms, managed trading services, and the companyâs celebrated data feed, the GR8 Tech products available in our marketplace will ensure we remain at the forefront of innovation while also offering a comprehensive range of options to customers.â
Oleksandr Feshchenko, Deputy CEO & CRO at GR8 Tech, said: âAt GR8 Tech, we really believe in the quality of our products and their potential to help operators stand out and maximise their revenue streams â so the next step is obviously to ensure theyâre seen by as many customers as possible.
âBy partnering with BETBAZAR and making our solutions available via their industry-leading B2B worldwide marketplace, weâll be able to guarantee that even more prospective clients will have access to the services we offer. This will in turn allow us to empower even more operators to provide an enhanced experience to their end users.â
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