Kindred records a sharp drop in sales after leaving the Netherlands

Kindred records a sharp drop in sales after leaving the Netherlands

Kindred records

The well-known gambling company Kindred has had to cope with a substantial decline in turnover in the first three months of 2022. The parent company of Unibet recorded a decrease of no less than 30%, compared to a year earlier. The decline in turnover is entirely due to the departure from the Dutch market. In October 2021, the first 10 legal gaming providers in the Netherlands were presented, which did not include Kindred. However, the company did submit a license application and hopes to go live in the Netherlands next summer.

Dutch market important for Kindred

In October 2021, Kindred was forced to leave the Dutch gaming market immediately. In this regard, we have made a Bollywood casino review for new players. This already had a negative effect on the gambling company's revenue in the last months of 2021. In the first quarter of the new year, the blow was again severe. Kindred recorded a turnover of 294.4 million euros between January and March 2022, compared to 421 million euros a year earlier. A decrease of approximately 30%. Kindred announced that the exit from the Dutch market caused a 25% decline in sales. The company would also have recorded a decline in sales if it were still active in the Netherlands.

Listed company

Dutch market important for Kindred

Kindred is a publicly-traded company and also saw its share price drop. Immediately after the publication of the quarterly figures, the share fell by 13.7%. The share is currently available for 8.90 euros, while its value before the weekend was still 10.23 euros. So most experts advise downloading mobile applications online casinos, one of them is available here https://indiancustomer.in/howto/jeetwin-mobile-application-downloading/. It, therefore, seems like a good time to enter the stock market, since online casino Kindred will in all likelihood receive a license from the Dutch Gaming Authority (KSA) this year.

 

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