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...
Norwegian authority wins case against Kindred brands
Kindred’s appeal of the Norwegian gambling authority’s decision has recently been rejected by a local court.
The operator’s appeal, which was submitted by one of its subsidiaries, Trannel, has recently been ruled in favor of the Norwegian gaming regulator in the Borgarting Court of Appeals. The case originates from a decision the regulatory body made back in 2019, ordering the operator to cease offering its gambling products in Norway, while the operator argued that it should be allowed to do business in the country under European laws.
Trannel appealed the authority’s decision with the country’s lottery board and culture ministry, as well as in Oslo’s district court. Both regulatory bodies and Oslo’s court ruled in favor of the regulator, after which the operator decided to appeal the ruling again in a higher-level court, the Borgarting Court of Appeals.
Additionally, Kindred had also appealed the regulator’s fine back in September of last year, which was going to amount to 1.2 million kronor for every day of continued operation starting on the 5th of October, which has not been resolved at the time of writing.
Trannel could appeal the court’s decision once more, taking the case to the country’s supreme court, however, this is a challenging process.
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...
