Spettacolo
Kindred concludes UK regulatory review of its 32Red and Unibet brands
Kindred also treats the requirement for an independent audit of its processes as an important opportunity to ensure it obtains maximum reassurance that the business is on the right track.
"While we accept the outcome, and the acknowledgment that we have already taken significant steps to strengthen our processes, we also recognise that we need to work even harder to ensure a safe and compliant business. We appreciate the Commission's clear recognition that our operations are in an improving position and that we remain fit to hold an operating licence. Our commitment to reducing gambling harm across our platforms is a key part of our Journey towards Zero ambition – and we are redoubling our efforts to ensure we continue that progress," says Henrik Tjärnström, CEO Kindred Group.
Kindred has also increased headcount in the UK compliance and risk management teams, and has continued to implement improvements to processes – including, but not limited to:
Kindred's firm ambition is to continue leveraging this work – utilising advancements in data and technology, and looks forward to working with stakeholders in the UK to advance its ambition to reduce gambling harms.
Through its Journey towards Zero, Kindred is increasing its efforts to keep its players safe as it continues to create a sustainable future for the business and its players. Since Q1 of 2020 up to Q4 of 2022, there has been a 57 per cent reduction in the revenue derived from high risk players in the UK. Over the last 90 days in the UK, 87 per cent of the interventions made after a detection by it's the PS-EDS monitoring system resulted in healthier behaviour – with over 50 per cent of UK players now voluntarily using at least one responsible gambling tool. This is a strong foundation to continue building from.
This disclosure contains information that Kindred Group is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 23-03-2023 09:30 CET .
Maria Angell Dupont , External Communications Manager, Kindred Group
press@kindredgroup.com
+46 72 165 15 17
Linda Lyth , Investor Relations Manager, Kindred Group
ir@kindredgroup.com
The following files are available for download:
View original content:https://www.prnewswire.co.uk/news-releases/kindred-concludes-uk-regulatory-review-of-its-32red-and-unibet-brands-301779644.html