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 refuses to stop operations in Norway
Despite the threat of sanctions and fines, Kindred Group refuses to stop its operations in Norway, as demands the Norwegian regulator.
The Norwegian gambling authority demanded Kindred to close its subsidiary Trannel, otherwise it will be sanctioned with a daily fine amounting to NOK1.2mln/£99,447.
Trannel operates under Kindred group in several countries, including Unibet within Norway.
Kindred released an interview with Rolf Sims, its manager of public affairs in Norway. In the interview, he told that only two operators, that are owned by the country, provide wagering services under the Gambling act within the state. He claimed that it’s not illegal to use Kindred’s services for the residents of Norway.
In Sims’ opinion, the country’s laws are incompatible with the ones of European Economic Area.
Sims mentioned:
“In my point of view, the state authorities breach the laws of EEA to their advantage and don’t succeed in establishment of a fair licensing regime and creation of a consistent wagering policy”.
Trannel has applied to the Court of Oslo district to find out if the decision to shut down Unibet in Norway is legal. The case is scheduled to be read in May.
Kindred reports decline in harmful gambling revenue in Q4
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