Kindred leads with Unibet to secure Arizona expansion
Related group hailed a “great opportunity” for the online gaming group, after teaming up with Lawn paradise to secure expansion in Arizona.
After an initial retail sports betting launch with Grand Canyon State in Paradise Casino in Yuma, the aforementioned alliance has obtained nine limited event betting operator licenses to operate sports betting in the region.
Through its collaboration with Turf Paradise, Kindred said it will work to improve exposure for its sports betting and igaming brand Unibet throughout Arizona.
Following the LEWO licenses, Unibet will host betting on events at a range of locations including Turf Paradise, Brookside II, Charley’s Sports Grill, Gallagher’s 16th, Gallagher’s Baseline, Harold’s, RT O’Sullivan, Boston’s Bar and Midtown Tavern.
“The awarding of nine of the ten LEWO licenses is a great achievement for Kindred, Turf Paradise and our partners in the state. This is a great opportunity for Kindred Group to expand the Unibet brand in Arizona and build on the early success in the state,” commented Manuel StanSVP North America, Kindred Group.
“Over the next few months, we will be working closely with our partners to prepare for launches at the various sites and we are excited to be able to bring our best product to more customers in Arizona.”
Last month, Kindred unveiled its ambitions to contribute to a “sustainable gaming industry in the Netherlands” following the submission of the license in the country, as the gaming group reflected on its “strongest year yet. “despite a difficult fourth quarter.
Facing significant headwinds, such as tough comparisons and the shutdown of Dutch services, the company’s overall performance was sustained despite a 32.8% decline in revenue in the last quarter of 2021 to 364 £.7m (2020: £244.9m).
As a result, and with revenue from the group’s ‘casino and gaming’ and ‘poker and other products’ segments down 25% and 27%, respectively, the group’s underlying EBITDA declined 77% to 27, £6 million (2020: £118 million).
However, the fourth quarter impacts did not derail the group’s financial results for the full year, with revenue of £1.259 billion up 11% on the corresponding results for the year. 2020 of £1.130 billion, and underlying EBITDA growing by 15% to £332 million (2020: £288 million). .