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Kindred shares suffer as weak betting margins impact Q4 results

14th January 2020 9:09 am GMT
Kindred

Shares in Kindred Group slumped by more than 17 per cent in Stockholm Tuesday as the company warned that its Q4 revenue and earnings would be negatively impacted by weak sports betting margins.

In a statement late Monday, Kindred revealed that gross winnings revenue across most markets had been impacted by weaker sports betting margins (after free bets) of 8.1 per cent, compared to 9.4 per cent in Q4 2018.

The biggest deviation in sports betting margins [...]

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