Financial News

Stockholm-listed gaming operator Kindred Group plans to raise its full year dividend by 78 per cent following a strong performance in 2017 which saw net profit increase by 40 per cent to £117.4m.

Gross winnings revenue for the year was up 38 per cent to £751.4m, with casino and games generating just under half of the total with £367.3m, having grown by 36 per cent year-on-year.

Kindred benefited from a record performance during the final quarter of the year, as revenue increased by 49 per cent to £238.0m, including £18.8m from 32Red. Of the Q4 total, 42 per cent of revenue was derived from locally regulated markets.

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