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Kindred withdraws dividend as it eyes future investment opportunities

3rd April 2020 9:09 am GMT
Kindred
SBTech

Stockholm-listed gaming operator Kindred Group is withdrawing its proposed dividend so that the company can be well capitalised to take advantage of future opportunities.

In a trading update released late Thursday, Kindred reported a strong start to the year with gross winning revenue for the first quarter of 2020 estimated to be in the range of £247m to £252m, an increase on the £224.4m recorded in Q1 2019.

The company benefited from a higher sports betting margin [...]

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