Stockholm-listed online gaming operator Kindred Group has reported a 38 per cent increase in gross winnings revenue to a record £193.6m for the third quarter of 2017, benefiting from the first full quarter’s contribution from newly acquired 32Red.

Kindred said that despite the absence of a major football event this quarter, it continued to gain market share as organic revenue growth in constant currency rose 17 per cent versus a year ago.

32Red contributed revenue of £18.6m during the quarter with underlying EBITDA of £3.7m.

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