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Strong Q1 for Kindred Group as active customers reach new high

25th April 2018 8:23 am GMT
Kindred

Stockholm-listed iGaming operator Kindred Group has reported a 36 per cent increase in gross winnings revenue to £207.8m in the first quarter of 2018, benefiting from a record high number of active customers.

The company’s sports betting offering saw the biggest year-on-year growth as revenue increased by 43 per cent to £94.7m in Q1, with live betting accounting for just over half of the total.

Kindred explained that after an exceptional sportsbook margin (Q4 2017: 10.5 per cent) [...]

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