Kindrer Group, which is the mother company to the Swedish colossal Unibet, has made an extra strong beginning in 2017 and that by itself indicates that 2017 is going to be a great year for the company. Stockholm-listed operator, Kindred Group Plc declared a strong start to 2017 as the company benefits from an enlarged European sports betting and igaming portfolio of brands and assets. Kindred announced a consecutive ‘all-time’ high in group revenues of £153 million up 25% on corresponding 2015’s £122 million, while it has also received a significant boost in sports betting wagering which hit a record £1.1 billion mark. Informing the investors, Kindred governance posted period operating profits of £18.2 million, instead of Q1 2016’s £22.5 million.
Henrik Tjärnström, who is the CEO of Kindred Group commented on company Q1 performance, being obviously happy at the results: «In line with the fundamentals of our growth strategy, we have continued to invest heavily in marketing for both new customer acquisition and reactivation of existing customers. While this may reduce profits in the short term, we are confident that, as we have previously proven, this will drive sustained growth in Gross winnings revenue and profits. For the quarter, marketing was 29 per cent of Gross winnings revenue; however, for the full year we still expect it to average a few percentage points below 30 per cent.».
Why choose Unibet
- 10,000 Live Events/Month
- 300+ Extra Markets for Elite Leagues
- Bet Builder
- Request A Bet
- Cash Out
- Fast Markets
- Mobile App
- 24/7 Customer Support
Unibet needs no introduction, even for newbies, after 20+ years of experience in the betting industry. The brand provides exceptional services in strategically regulated markets, like Australia and Italy, licensed by MGA and UKGC, among other local permits. The massive range of 40+ sports, 250,000 yearly events, and 10,000 monthly ones secures several alternative options for their million bettors. The odds for high-profile leagues, like the English Premier League and the NBA, create an attractive Sportsbook alongside handy features like Live Streaming, Bet Builder, Request A Bet, and Cash Out. The Live Chat is available 24/7, and the website offers 15 languages. However, I have noticed that the in-play prices and the odds for secondary and lower-tier leagues have a downfall, while the absences of Partial/Auto Cash Out and Quick Bet services are notable. The winning limits are high, and the payment methods offer alternatives, but two significant drawbacks are the need for cryptocurrencies and a quicker response to E-mail requests. I also firmly believe that the app is one of the most modern in the industry. Overall, Unibet is a safe bookmaker, ideal for recreational bettors, with several valuable services for them.