Kindred reported first-quarter 2024 revenue of £307.7m, compared with £306.4m a year earlier, and underlying EBITDA of £59.3m, up 20%. B2B revenue from Relax Gaming was £10.1m, while Kindred said its planned North American exit was expected to conclude towards the end of the second quarter.
Investors can assess Kindred’s revenue and EBITDA alongside its planned North American exit and possible sale to FDJ.
The day’s most important stories, free. One email a day.
The Kansspelautoriteit (KSA) said it took no further action after receiving notice of Trannel’s sale on 31 October 2024. In response to a Woo disclosure request, the authority said the notice was for information only and that it held no other documents within the request’s scope.
An interview with Lebonparisportif.com’s Baptiste Chevalier reviewed French gambling-sector developments in 2025, including FDJ’s acquisition of Kindred, bet365’s planned 2026 entry into online sports betting and Betclic’s announced merger with Tipico. Chevalier said FDJ’s acquisition had made little difference to bettors or affiliates, while market consolidation could reduce player choice.
UK Gambling Commission chief executive Andrew Rhodes said the government will need to decide whether to regulate cryptocurrency gambling, describing the issue as an 18-month to two-year challenge. He said the decision involves questions about crypto as a source of wealth or funds and the conditions and risks of any regime; he did not announce a licensing commitment.
A court in The Hague ordered Trannel, Unibet’s former operator, to repay a Dutch player €271,301.04 for losses incurred while Trannel lacked a Dutch gambling licence, ruling the gambling agreement void under Dutch law. The court made the judgment enforceable immediately and gave Trannel three months to appeal.
FDJ appointed former Kindred chief executive Nils Andén as chief online betting and gaming officer after integrating Kindred into the group. The company said the division will oversee sports and horse-race betting, poker and online casino operations as part of a new four-unit structure.