Kindred Achieves Impressive Double Digit Growth

By | October 28, 2021
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The online gambling operator and online casino provider Kindred has achieved an impressive double digit growth in recent months.

The published report addresses the period from January to September, and its gambling operations in the United States, Europe, and Australia. The numbers are amazing, and it seems like the company is very satisfied with the results.

In the third quarter, the revenues have increased to an impressive 298.4m pounds, and this gives an improvement of six per cent, and underlying EBITDA is up by 13% and more than 84m pounds. Even more impressive is the nine-month growth of outstanding 33 per cent for this online gambling operator since it has gone from 765.5m to 1.014bn pounds that is a great success for the online casino and gambling company.

Henrik Tjarnstrom, the CEO of Kindred, said in a statement that even though the sporting calendar has been slow with activities and not impressive, on the other hand, the amazing online casino strong performance has increased and made a 16% revenue growth since its entertaining options and activities have been improved in these months. The 16% growth is important because the numbers address the comparison with last year’s numbers for this period of time.

The iGaming operator also announced that they would remain closed for Dutch gambling players until they get the wanted Dutch gambling license and have permission to provide gambling services to the country’s players.

Kindred’s CEO also said that even though they have to cease services to the Dutch gambling players, they have sent an application for license approval to the Dutch Commission and expect to be allowed to provide services in 2022. Tjarnstrom hopes they will achieve a sustainable online gambling market in the Netherlands following the opening of the online gambling market in the country.


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