Stockholm-listed gaming operator Kindred Group has reported a 32 per cent increase in gross winnings revenue to a record £166.6m for the second quarter of 2017, following growth across all product segments.

The company attributed the all-time revenue high to its investment in marketing in previous quarters, as well as the contribution of £4.7m from 32Red, which was acquired on June 6th.

“Taking into consideration the lack of major tournaments this year, we are confident that we have continued to outpace market growth and have continued to take market share,” said Kindred chief executive Henrik Tjärnström. “The acquisition of 32Red will significantly accelerate our development and profitability in the world's largest locally regulated market.”

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