Kindred Group plc in the news

Unibet, a Kindred Group plc brand acquired by La Française des Jeux in 2024, operates as a legal Australian online sports betting platform offering competitive odds, fast payouts, and a user-friendly mobile app, with ongoing promotions for existing players.

Unibet Australia provides a licensed sports betting and racing platform featuring competitive odds, live streaming, and rapid payment processing.

Kindred Group, now part of La Française des Jeux, owns 32Red and its direct sister sites Unibet Casino and Bingo.com, operating within the UK online gambling market.

Kindred Group CFO Johan Wilsby is stepping down in autumn 2023, while the company launches its tech platform in New Jersey, reports Q1 financials, and considers a potential sale.

The European online gambling market is rapidly expanding but faces significant regulatory challenges, with companies like Kindred Group incurring major penalties for social responsibility and AML failures.

Strong Q1 financial growth and a 300% profit increase led the board to initiate a strategic review exploring a potential sale of the company.

Unibet faces a €75 million Dutch consumer lawsuit for illegal gambling activity before the Remote Gambling Act, potentially setting precedent for historic liability in regulated markets.

The global sports betting market is expected to more than double by 2033, fueled by technological innovations, e-sports growth, and expanding legalized regions.

Kindred's shareholders approved a bylaw amendment enabling a squeeze-out if FDJ acquires 90% of capital, fulfilling a condition for FDJ's tender offer.

Kindred Group plc reported Q1 2024 total revenue of GBP 307.7 million, with underlying EBITDA up 20% to GBP 59.3 million, driven by cost control and strategic project advancements like KSP.

Groupe FDJ has initiated the acquisition of Kindred Group by purchasing 2.4 million shares from Veralda at SEK 122.5 per share, aiming to become Europe's second-largest gambling PLC.

Kindred Group has officially appointed Nils Andén as its permanent CEO after he served in the interim role for several months.

Nils Andén has been promoted from interim to permanent CEO at the online gambling operator Kindred Group.

Kindred Group’s Unibet selects Optimove to enhance CRM marketing through AI-driven personalization and multichannel campaign orchestration to boost player retention and lifetime value.

La Française des Jeux is acquiring Kindred Group, the parent company of Unibet, for over $2.8 billion to enhance its position as a major European iGaming operator and accelerate Kindred's regulated revenue.

FDJ plans to acquire Kindred for $2.7 billion at a 24% premium, funded by cash and loans.

Kindred's board confirms no major changes for employees after FDJ's conditional SEK 130/share takeover offer, which includes exit from unregulated markets and support from major shareholders.

FDJ will buy Kindred Group for $2.7 billion, creating a European online gambling and betting leader.

Kindred Group plc saw Q3 2024 revenue rise by 4% and EBITDA increase by 49%, while its acquisition by FDJ progressed and market exits impacted future targets.

Kindred Group will exit North America by mid-2024, cutting 300+ jobs and refocusing on its core markets to save costs and drive growth.