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Kindred Group posts third quarter revenue and profit decline

25th October 2019 7:51 am GMT
Kindred

Stockholm-listed operator Kindred Group has reported a 2 per cent drop in gross winnings revenue to £226.0m for the third quarter of 2019, with results impacted by the difficult market conditions in Sweden and a lower than usual sportsbook margin in September.

Revenue from sports betting fell by 1.5 per cent to £109.4m, with live betting representing just under a half of the total. Gross margin for sports betting during Q3 was 9.0 per cent, compared [...]

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