Kindred reports 2023 financial performance
Kindred Group has recently published its latest annual financial report covering its performance in 2023.The firm’s latest report started off by highlighting Kindred’s...
Kindred intends to broaden its Unibet Sportsbook within Arizona
Kindred Group intends to broaden its presence within Arizona via its Unibet sportsbook, within the framework of collaboration with Turf Paradise.
This expansion follows the release of Unibet’s premier sportsbook within the state in December.
Unibet has granted 9 licenses of Limited Event Wagering Operator. Now it has the opportunity to amplify its existence within the state, as the acquisition of 9 licenses permits Unibet to carry our event gambling at the following venues:
- Turf Paradise
- Harold’s, R.T. O’Sullivan
- Midtown Tavern
- Brookside II
Kindred Group’s SVP of North America, Manuel Stan, remarked:
“Our company is honored to deliver edge-cutting products to the people across Arizona. We can’t wait to collaborate with our partners to kick-start operations.
We achieved a crucial milestone being granted 9 LEWO licenses, and it’s the high time for Kindred to broaden its Unibet Brand within Arizona”.
The company has reported huge financial outcome for the past year, though the last quarter was rather challenging. The revenue equaled $1.25bln, which demonstrated a rise by 11 percent, while EBITDA accounted for $332mln, increasing 15 percent.
It’s worth mentioning that sports wagering became legal within Arizona in Q2 2021. The first sportsbooks accepted stakes from September.
Kindred reports decline in harmful gambling revenue in Q4
Kindred’s latest harmful gambling revenue report has revealed a decrease in the share of the firm’s proceeds generated by problematic gambling behaviors.The key figure...
