FeatureBetting World
premium
Embattled Kindred Group to exit North America as attention returns to talk of a sale
Bill BarberIndustry editor
Unibet's parent company Kindred Group is pulling out of North AmericaCredit: Mark Cranham
The question of where next for Kindred Group was partially answered last week when Unibet's parent company announced its departure from the North American market.
Uncertainty remains over Kindred's future, however, with the prospect of the company being sold firmly on the agenda.
The Stockholm-listed company went through what it described as a "challenging" year in 2022, with revenue reduced by 15 per cent and pre-tax profits falling by 62.5 per cent.
Read the full story
Read award-winning journalism from the best writers in racing, with exclusive news, interviews, columns, investigations, stable tours and subscriber-only emails.
Subscribe to unlock
- Racing Post digital newspaper (worth over £100 per month)
- Award-winning journalism from the best writers in racing
- Expert tips from the likes of Tom Segal and Paul Kealy
- Replays and results analysis from all UK and Irish racecourses
- Form study tools including the Pro Card and Horse Tracker
- Extensive archive of statistics covering horses, trainers, jockeys, owners, pedigree and sales data
Already a subscriber?Log in
Published on 4 December 2023inBetting World
Last updated 18:16, 4 December 2023
Copy
more inBetting World
- 'The industry is in a good and positive place' - Brigid Simmonds looks back on her time at the Betting and Gaming Council
- Government says it is working 'at pace' to have white paper measures in force by the summer
- The Gambling Commission has launched its new corporate strategy - but what are the key points?
- US gambling sector reaches 'important crossroads' - but has it learned lessons from other markets?
- Acquisitions, exits and retail resilience - what we learned from Flutter and 888's results
more inBetting World
- 'The industry is in a good and positive place' - Brigid Simmonds looks back on her time at the Betting and Gaming Council
- Government says it is working 'at pace' to have white paper measures in force by the summer
- The Gambling Commission has launched its new corporate strategy - but what are the key points?
- US gambling sector reaches 'important crossroads' - but has it learned lessons from other markets?
- Acquisitions, exits and retail resilience - what we learned from Flutter and 888's results