Kindred Group announces third quarter revenue as part of tender offer by La Française des Jeux
- Created on .
Stéphane Pallez, Chairwoman and CEO of the FDJ Group, said: “I am delighted to announce today the acquisition of Kindred, a leading European player in the competitive online betting and gaming sector. Kindred has strong brands, recognised technological excellence and an attractive growth and profitability profile, all of which will bolster FDJ’s strengths. The two groups also share high standards for responsible gaming and a business model that combines performance and responsibility."
INTRALOT Chairman Sokratis P. Kokkalis noted: “Half year results confirm the company’s stable course and maintenance of key financial indicators at desired levels, in spite of FX headwinds and seasonality effects.
Jumbo Interactive Managing Director, CEO and Founder, Mike Veverka, commented on the results: “The 2024 financial year is Jumbo’s most successful to date with over $1 billion in transaction value achieved and a 30% increase in underlying EBITDA.”
"We are extremely pleased with the performance of our instant ticket business during the second quarter, with significantly improved gross margins reflecting the impact of our focused efforts on repricing our contracts," remarked John Pollard, Co-Chief Executive Officer.