Kindred maintains growth confidence after navigating new landscape complexities

first_img Unibet backs #GoRacingGreen as lead racing charity  July 28, 2020 StumbleUpon Submit Share Publishing its unaudited full-year 2018 results, Stockholm-listed online gambling firm Kindred Group Plc said it has increased confidence in its future prospects after overcoming new industry challenges and increased regulatory demands.Updating the market, Kindred closes 2018 trading reporting record levels of customer activity across its verticals, as Q4 2018 group revenues hit a further ‘all-time high’ of £250 million (Q4 2017: £238m).Kindred notes that despite its strengthened revenue capacity, its Q4 top-line metrics would be set against ‘an exceptional fourth quarter of 2017 sportsbook margin’ resulting in ‘very tough period comparatives’.Furthermore, the Stockholm enterprise would report increased period betting duties of £44.5 million, leading to a Q4 2018 EBITDA of £59 million (Q4 2017: £74.5m),with Kindred declaring Q4 profits (after tax) of £39 million (Q4 2017: £50m).Despite its tough like-for-like Q4 comparatives, Kindred declares a further year of sustained growth, as the operator records full-year 2018 group revenues of £908 million (FY2017: £751m) combined with a corporate EBITDA of £204 million (FY2017: £185m).Closing 2018 unaudited accounts, Kindred anticipates delivering group profits (after tax) of £131 million (FY2017: £117m), with its board announcing that it will pay investors a ‘proposed dividend’ of SEK 5.92 per share.Updating investors, Kindred Group Chief Executive Henrik Tjärnström details that 2018 has been a transformative year for all industry leaders, who now operate in a much-changed global betting/gambling landscape.Confident in Kindred’s future prospects, Tjärnström’s executive team will continue to focus on strategic regulated market expansions, led by sustainability and social responsibility initiatives.Supporting Kindred’s future growth strategy, Tjärnström outlines that Kindred has developed as online gambling’s most diverse enterprise ‘operating in 20 different languages in more than 100 countries’.This January, Kindred successfully went live under the new local licence in Sweden with the brands, Unibet, Maria Casino, iGame, Storspelare and bingo.com.Tjärnström said: “On 1 January, we successfully went live under the new local licence in Sweden with five of our brands and we have also continued to lay the foundation for the USA early this year with the agreement in Pennsylvania.“Always planning ahead, the Group prepared for the opening of the Swedish market and enlarged the customer base through bonus offers and marketing investments already from the start of the World Cup last summer.“During the first six weeks of 2019, we awarded our Swedish customers with one additional bonus under the terms of the new licensing system, which resulted in new depositing customers up by 166 per cent and active customers up by 97 per cent over the last 90 days. As expected, we can now see the bonus expenditure tail off.“For the period 1 January to 10 February 2019, the daily average Gross winnings revenue in GBP was 17 per cent higher (18 per cent in constant currency) than for the full first quarter last year.” Mace launches EQ Connect to solve the industry’s ‘single view’ conundrum on identifying risk  August 10, 2020 Share Kindred marks fastest route to ‘normal trading’ as it delivers H1 growth July 24, 2020 Related Articleslast_img read more

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The 20 best debuts from the new Premier League season

first_img 20 20 20. Roberto Firmino (Liverpool) – Click the right arrow to see who were the best debutants this weekend… – Okay, he only had a 12-minute cameo but his fast feet were mesmeric as he dazzled the Stoke City defence. It may have been a brief debut but it was full of promise. 3. Georgino Wijnaldum (Newcastle United) – Click the right arrow to see who were the best debutants this weekend… – The Dutch youngster was man of the match for the Magpies and looks pretty nifty in midfield. A powerful header from a wonderful Gabriel Obertan was the cherry on top. 4. Yohan Cabaye (Crystal Palace) – Click the right arrow to see who were the best debutants this weekend… – It was probably unsurprising Cabaye had a good debut for Alan Pardew’s Eagles but, nonetheless, he still had to put in a top showing. He capped it with a well taken goal too. 20 20 13. Angelo Ogbonna (West Ham) – Click the right arrow to see who were the best debutants this weekend… – Was part of the Hammers’ solid backline which shut out Arsenal. The Italian did well alongside Winston Reid and was excellent aerially and getting tackles in. 20 20 8. Reece Oxford (West Ham) – Click the right arrow to see who were the best debutants this weekend… – Not bad for a 16-year-old. His positioning was brilliant but he occasionally looked a little passive during the match. Looks to be a hot prospect for the Hammers. 20 20 16. Christian Benteke (Liverpool) – Click the right arrow to see who were the best debutants this weekend… – Solid but unspectacular. The Belgian striker was always going to have a tough time against centre-backs Geoff Cameron, Marc Muniesa and Philipp Wollscheid. He’ll improve as connects with his new team-mates. 10. Jose Manuel Jurado (Watford) – Click the right arrow to see who were the best debutants this weekend… – In his career he’s played for both Real and Atletico Madrid and it’s unsurprising given some of the classy touches he showed against Everton. His move onto the left flank where he crossed for Miguel Layun’s goal was superb. 20 14. Sebastian Prodl (Watford) – Click the right arrow to see who were the best debutants this weekend… – Austrian centre-back Prodl joined the Hornets on a free transfer in the summer. He was a rock at the back during a testing debut up against Romelu Lukaku. 7. Rudy Gestede (Aston Villa) – Click the right arrow to see who were the best debutants this weekend… – Coming off the bench and thumping in the game-winning goal on the opening day of the season is a pretty good start to your career at a new club. The striker’s powerful header from a corner against Bournemouth looks like it could be a sign of things to come. 12. Toby Alderweireld (Tottenham) – Click the right arrow to see who were the best debutants this weekend… – Spurs might have lost but their new Belgian, unsurprisingly given his form for Southampton last year, made them look strong at the back. As the Lilywhites pushed for a level he also provided what was probably the pass of the weekend only to see the recipient fluff his lines. Every season we see a raft of new signings on the opening day of the Premier League.Some good, some bad. Some great, some dreadful. There have been all manner of first impression over the years as clubs shuffle their pack.But who were the standout performers for their new sides as the English campaign got off to another exciting start?To see who talkSPORT thought were the best debutants, click the right arrow above… 15. Ibrahim Afellay (Stoke City) – Click the right arrow to see who were the best debutants this weekend… – The ex-Ajax and Barcelona man look confident on his Premier League debut. He battled well with Nathaniel Clyne and produced a couple of bits of skill too. 20 20 18. Memphis Depay (Manchester United) – Click the right arrow to see who were the best debutants this weekend… – The Dutchman looked disappointed when Louis van Gaal took him off, he clearly knew he had more to give but still showed glimpses of brilliance. 20 6. Andre Ayew (Swansea City) – Click the right arrow to see who were the best debutants this weekend… – Garry Monk’s free transfer swoop for Ayew was a masterstroke and the Ghanaian’s touch before his goal against Chelsea oozed class. 20 20 19. Alex McCarthy (Crystal Palace) – Click the right arrow to see who were the best debutants this weekend… – Alan Pardew claims the former Reading and QPR man has England potential – and he’s not wrong. He made an excellent double save to keep the Canaries at bay and could well keep out Julian Speroni and Wayne Hennessey this season. 9. Joe Gomez (Liverpool) – Click the right arrow to see who were the best debutants this weekend… – The Reds spent £3.5m on the young Charlton defender this summer and after a good pre-season he got a run out at left-back. Cool as a cucumber, the 18-year-old dealt with everything thrown his was and got an assist for Philippe Coutinho’s goal. 20 20 5. Sergio Romero (Manchester United) – Click the right arrow to see who were the best debutants this weekend… – The Argentine was a surprise signing over the summer but when thrown in against Tottenham he put in a superb showing, with a number of good saves denying Spurs an equaliser. 20 1. Dimitri Payet (West Ham) – What a performance! The Frenchman’s mature display showed every aspect of his ability. Hard working, skilful, intelligent and a dab hand at set-pieces, Payet could be one of the signings of the season. 20 17. Jose Holebas (Watford) – Click the right arrow to see who were the best debutants this weekend… – Dashing down the left-flank, the Hornets star was a real menace. It’s no wonder he kept Ashley Cole out of the Roma side at times last season. 20 2. Matteo Darmian (Manchester United) – Click the right arrow to see who were the best debutants this weekend… – According to Louis van Gaal, the Italian is second choice behind Antonio Valencia this season but, after a stunning debut where he kept Spurs’ Nacer Chadli and the drifting runs of Harry Kane and Christian Eriksen quiet, it’s unlikely he’ll spend much time on the bench. 20 11. James Milner (Liverpool) – Click the right arrow to see who were the best debutants this weekend… – The England star already looks like he’s forming a good partnership with Jordan Henderson. Astonishing to think he has been signed on a free transfer. last_img read more

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City Council: Elephants to stay at Zoo

first_img AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREOregon Ducks football players get stuck on Disney ride during Rose Bowl event The Council voted 13-2 for the exhibit, with Councilmen Dennis Zine and Bill Rosendahl voting against it. “When I look at what we’re doing to them in the zoo, I don’t think …it’s a appropriate,” Zine said. “They belong in natural environment, not an enclosure.” Funding for the project includes $17.7 million in voter-approved park bond money, $4.5 million donated by the Greater Los Angeles Zoo Association and $2.3 million from the sale of private property donated to the zoo association. The city will allocate $14 million borrowed from the city’s Municipal Investment Corp. To repay the loan, the city will pay $1.2 million each year from the General Fund for 20 years, or about $24 million. Animal rights activists yelled “Free the Elephants” as the City Council votes were tallied, and Catherine Doyle with the Los Angeles Alliance for Elephants said the group will continue pushing the city to move the elephants to a sanctuary. “This is a big loss for taxpayers and an even bigger loss for the elephants.”— Kerry Cavanaugh, (818) 713-3746 [email protected] local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! Despite pleas to free the elephants, the City Council voted today to keep pachyderms at the Los Angeles Zoo and spend nearly $40 million on a new exhibit, complete with grasslands and waterfalls. Animal activists have urged the city for the last year to send the zoo’s three elephants — Ruby, Gita and Billy — to a sanctuary where the animals would have more space. But an overwhelming majority of the council was convinced the elephants are crucial to the zoo experience and that they would thrive in the 3.5-acre Elephants of Surin exhibit. “We have three elephants at the zoo… Right now we have to make it better for them, safer for them,” said Councilman Tom LaBonge, who pushed the council to approve the project. “The people of Los Angeles should be very proud of their City Council. They’re going to have a world-class zoo.”last_img read more

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