Under the new deal, Kindred will have access to the full range of RunningBall and Opta products from Stats Perform. These products include real-time official sports data feeds and player statistics. Kindred believes that this additional content will enhance the betting experience for players using the Kindred Sportsbook platform. The expanded deal aims to provide a seamless in-play betting experience for users. RunningBall delivers official in-play sports data feeds, while Opta focuses on player statistics across various sports.
Andreas Reimblad, the director of sportsbook at Kindred, expressed his confidence that this partnership will set new standards in sports betting. He stated that Stats Perform, with its expertise and trusted brands, will be a valuable ally as they continue to develop and roll out their proprietary sportsbook platform. Andrew Ashenden, the chief betting officer of Stats Perform, also praised the expanded deal, saying that it will create new value for both Kindred and Stats Perform.
Last week, it was announced that La Française des Jeux (FDJ) has made an offer to acquire Kindred. The proposed offer from FDJ is valued at SEK27.96bn. Kindred has unanimously recommended that shareholders accept the offer, with the acceptance process starting in February. The deal is subject to various closing conditions, including regulatory approvals.
In addition, Kindred has released a preliminary set of results for its 2023 financial year. These results indicate expected growth in revenue and underlying EBITDA. Kindred projects revenue of £1.21bn, a 13.3% increase from the previous year, with gross winnings revenue from B2C activities expected to rise to £1.17bn. Revenue from the B2B segment is set to increase to £38.6m. With this anticipated revenue growth, Kindred expects underlying EBITDA for 2023 to reach £204.5m, a 58.3% increase from the previous year.
FDJ also released a trading update, reporting a 6.5% increase in revenue.
