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Kindred Group

Full company profile

uuid0003zyg

Namestring
Kindred Group
Legal namestring
Kindred Group plc
Company typeenum
Private
Founded yearint
1997
Operating statusenum
Acquired
Ownership categoryenum
Headcount rangeband
1,001–5,000
akta.pro rankint
HeadquartersValletta, Malta
HQ citystring
Valletta
HQ countrystring
Malta
HQ regionstring
Europe
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
online gambling, sports betting, online casino, iGaming software, poker network
Industry2 codes
1Game Aggregation, Content Distribution & RGS (Remote Game Servers)
CodeMPAEAKAGPrimaryYes
2Online Poker Operators (Real-Money)
CodeMPAEAEACPrimaryNo
NAICS code1 code
  • Other Gambling Industries713290
Product category
Online Gambling and Sports Betting
Social media profiles2 records
GTM motion3 records

Each record includes

Type, Description, Source

Revenue model2 records
1Online Gambling Operations
TypeTransaction Fee
Description

Revenue generated from sports betting, casino games, poker, and other online gambling products through owned brands in regulated markets

nucamp.co
2B2B Software Services
TypeLicensing Royalties
Description

Relax Gaming provides B2B iGaming software solutions to other operators, generating licensing and technology fees

portersfiveforce.com
Marketing channels3 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels2 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Marketing or Sales, Technology or R&D, Personnel, Operations, Others
GTM typeB2B and B2C
B2B and B2C
Offering typeServices
Services
Core offering1 text field

Kindred Group operates online gambling services including sports betting, online casino games, and poker through its flagship Unibet brand and other owned brands across regulated European and Australian markets. Through its acquired Relax Gaming subsidiary, the company also provides B2B iGaming software, including game content aggregation and a poker network, to other online gambling operators globally.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 3 values shown
  • 50.2% increase in pre-tax profit for H1 2024
+2 more records
Product overview1 text field

Kindred Group operates a portfolio of online gambling brands, primarily centered on its flagship Unibet brand. The company offers sports betting, casino, and other gaming products across regulated European and Australian markets. Kindred acquired Relax Gaming in October 2021, a B2B iGaming software provider that continues to operate as a separate entity while supplying gaming content and technology to Kindred's consumer platforms. Following the acquisition by FDJ (La Française des Jeux) in late 2024, Kindred Group became integrated into one of Europe's largest gaming groups with combined operations.

Product and service2 records
1Unibet
CategoryConsumer online gambling
Description

Kindred Group's primary consumer-facing online gambling brand, offering sports betting, online casino, poker, and other gaming products to adult customers in regulated European and Australian markets.

2Relax Gaming
CategoryB2B iGaming software
Description

B2B iGaming software provider offering online slot games, game content aggregation, and poker network services to gaming operators globally. Operates as a separate entity under Kindred Group's ownership following the 2021 acquisition.

Scale indicator9 records

Each record includes

Type, Value, Description, Source

Partnership6 partners
Strategic tierCoreTypeTechnology or IntegrationAnnounced on2025-02-13
Description

Abios, an esports betting data and odds provider, partnered with Kindred Group to provide full esports betting solutions through a multi-year partnership. Abios supplies comprehensive esports coverage and data for Kindred's gambling platforms.

Strategic tierFlagshipTypeGTM or Marketing PartnerAnnounced on2025-01-31
Description

Record kit sponsorship deal with Rangers FC representing an 80% revenue increase for the Scottish football club, featuring Unibet branding on team kits.

3Swedish Soccer (SvFF)
Strategic tierFlagshipTypeGTM or Marketing PartnerAnnounced on2024-12-02
Description

US$200 million title sponsorship with Swedish soccer federation, establishing Unibet as a major sponsor of Swedish professional football.

sportspro.com
Strategic tierCoreTypeOEM/ Whitelabel/ Licensing PartnerAnnounced on2021-10-01
Description

Kindred Group completed acquisition of Relax Gaming, a B2B iGaming software provider, valued at approximately EUR 295 million in equity. Kindred owned 93% after the deal, with Relax Gaming continuing as a separate entity. The acquisition is expected to generate EUR 8 million in annual synergies.

Strategic tierCoreTypeStrategic or Co-development Partner
Description

Six-year agreement with the Swinomish Tribe in Washington State for sports betting operations, representing Kindred's US market expansion through tribal gaming partnerships.

Strategic tierFlagshipTypeGTM or Marketing Partner
Description

Multi-year NHL partnership through Unibet brand for sports betting integration and marketing, providing official league data and betting partnerships.

Recent move7 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Flutter operates Paddy Power, Betfair, and FanDuel, making it the largest publicly-listed online gambling operator globally. Direct competitor to Kindred in European sports betting and casino with comparable B2C model and regulated-market focus.

TypeDirect peer
Description

Entain operates bwin, Ladbrokes, Coral, and PartyPoker across regulated markets. Direct competitor in online sports betting, casino, and poker with similar European geographic focus.

TypeDirect peer
Description

Bet365 is a privately-held online gambling operator offering sports betting, casino, and poker globally. Direct competitor to Unibet with similar product mix, European market presence, and digital-first distribution.

TypeDirect peer
Description

Swedish-based online gambling operator with focus on regulated European and Latin American markets. Direct competitor to Kindred in Nordic and European casino and sports betting with comparable B2C model.

TypeDirect peer
Description

Mobile-focused online gambling operator with strong Nordic and European presence. Direct competitor in online casino and sports betting targeting similar mobile-first consumer segments.

TypeDirect peer
Description

Evoke operates 888casino, 888sport, William Hill, and Mr Green brands. Direct competitor offering similar online gambling products in regulated European markets including UK.

TypeBroad incumbent
Description

Playtech is a major B2B gambling technology provider offering platform, content, and services to operators globally. Comparable to Kindred's Relax Gaming subsidiary, supplying iGaming software and aggregation across multiple operators.

TypeDirect peer
Description

Gamesys operates online casino and bingo brands including Jackpotjoy and Virgin Games. Direct competitor in regulated online gambling markets, particularly UK and Europe, with overlapping casino-led offering.

TypeBroad incumbent
Description

MGM operates BetMGM, a US online gambling joint venture with Entain. Broad incumbent with regulated-market gambling exposure comparable in brand-led customer acquisition and integrated resort-cum-digital strategy.

TypeDirect peer
Description

DraftKings is a major US-facing online sports betting and casino operator. Comparable in product offering (sportsbook + iGaming) and digital-first customer acquisition strategy, though primarily focused on US regulated markets.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers4 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

Integration1 record

Each record includes

Title, Type, Description, Source

AI maturity
App detail

Has app

Feature2 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles9 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries1 record

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds2 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A5 records

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment1 record

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Kindred Group

Online Gambling and Sports Bettingkindredgroup.com

Kindred Group firmographics

Firmographics
Name
Kindred Group
Legal name
Kindred Group plc
Website
https://kindredgroup.com
Company type
Private
Founded year
1997
Operating status
Acquired
Headcount range
1,001–5,000 employees
Ownership category
akta.pro rank

Kindred Group industry classification

Industry
Product category
Online Gambling and Sports Betting
NAICS
Other Gambling Industries (713290)
akta.pro primary industry
Game Aggregation, Content Distribution & RGS (Remote Game Servers) (MPAEAKAG)
akta.pro secondary industry
Online Poker Operators (Real-Money) (MPAEAEAC)

Keywords

  • Online gambling
  • Sports betting
  • Online casino
  • IGaming software
  • Poker network

Where Kindred Group is headquartered

Location

Headquarters

HQ city
Valletta
HQ country
Malta
HQ region
Europe

Offices1 record

Markets served

Kindred Group business model

Business model
GTM type
B2B and B2C
Offering type
Services
Cost components
Marketing or Sales, Technology or R&D, Personnel, Operations, Others

Revenue model

  1. Online Gambling Operations: Revenue generated from sports betting, casino games, poker, and other online gambling products through owned brands in regulated markets
  2. B2B Software Services: Relax Gaming provides B2B iGaming software solutions to other operators, generating licensing and technology fees

Go-to-market motion3 records

Distribution channels2 records

Marketing channels3 records

Kindred Group product offering

Product offering

Core offering

Kindred Group operates online gambling services including sports betting, online casino games, and poker through its flagship Unibet brand and other owned brands across regulated European and Australian markets. Through its acquired Relax Gaming subsidiary, the company also provides B2B iGaming software, including game content aggregation and a poker network, to other online gambling operators globally.

Product overview

Kindred Group operates a portfolio of online gambling brands, primarily centered on its flagship Unibet brand. The company offers sports betting, casino, and other gaming products across regulated European and Australian markets. Kindred acquired Relax Gaming in October 2021, a B2B iGaming software provider that continues to operate as a separate entity while supplying gaming content and technology to Kindred's consumer platforms. Following the acquisition by FDJ (La Française des Jeux) in late 2024, Kindred Group became integrated into one of Europe's largest gaming groups with combined operations.

Differentiator

Problem solved

Functional benefit

Products and services

  • Unibet Kindred Group's primary consumer-facing online gambling brand, offering sports betting, online casino, poker, and other gaming products to adult customers in regulated European and Australian markets.
  • Relax Gaming B2B iGaming software provider offering online slot games, game content aggregation, and poker network services to gaming operators globally. Operates as a separate entity under Kindred Group's ownership following the 2021 acquisition.

Quantifiable outcome

  • 50.2% increase in pre-tax profit for H1 2024
  • +2 more outcomes

Companies that use Kindred Group

Customer profile

Named customers4 records

Segments3 records

Ideal customer profiles2 records

Kindred Group technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Integration1 record

Feature2 records

Kindred Group partnerships and signals

Strategic signal

Partnerships

Six partnerships are on record, tiered core and flagship.

  • AbioscoreTechnology or Integration · 13 February 2025Abios, an esports betting data and odds provider, partnered with Kindred Group to provide full esports betting solutions through a multi-year partnership. Abios supplies comprehensive esports coverage and data for Kindred's gambling platforms.
  • Rangers FCflagshipGTM or Marketing Partner · 31 January 2025Record kit sponsorship deal with Rangers FC representing an 80% revenue increase for the Scottish football club, featuring Unibet branding on team kits.
  • Swedish Soccer (SvFF)flagshipGTM or Marketing Partner · 2 December 2024US$200 million title sponsorship with Swedish soccer federation, establishing Unibet as a major sponsor of Swedish professional football.
  • Relax GamingcoreOEM/ Whitelabel/ Licensing Partner · 1 October 2021Kindred Group completed acquisition of Relax Gaming, a B2B iGaming software provider, valued at approximately EUR 295 million in equity. Kindred owned 93% after the deal, with Relax Gaming continuing as a separate entity. The acquisition is expected to generate EUR 8 million in annual synergies.
  • Swinomish TribecoreStrategic or Co-development PartnerSix-year agreement with the Swinomish Tribe in Washington State for sports betting operations, representing Kindred's US market expansion through tribal gaming partnerships.
  • NHL (National Hockey League)flagshipGTM or Marketing PartnerMulti-year NHL partnership through Unibet brand for sports betting integration and marketing, providing official league data and betting partnerships.

Scale indicators9 records

Recent moves7 records

Expansion highlights5 records

Kindred Group competitors and assessment

Company assessment

Direct peers

  • Flutter Entertainment: Flutter operates Paddy Power, Betfair, and FanDuel, making it the largest publicly-listed online gambling operator globally. Direct competitor to Kindred in European sports betting and casino with comparable B2C model and regulated-market focus.
  • Entain plc: Entain operates bwin, Ladbrokes, Coral, and PartyPoker across regulated markets. Direct competitor in online sports betting, casino, and poker with similar European geographic focus.
  • Bet365: Bet365 is a privately-held online gambling operator offering sports betting, casino, and poker globally. Direct competitor to Unibet with similar product mix, European market presence, and digital-first distribution.
  • Betsson AB: Swedish-based online gambling operator with focus on regulated European and Latin American markets. Direct competitor to Kindred in Nordic and European casino and sports betting with comparable B2C model.
  • LeoVegas: Mobile-focused online gambling operator with strong Nordic and European presence. Direct competitor in online casino and sports betting targeting similar mobile-first consumer segments.
  • Evoke plc (888 Holdings): Evoke operates 888casino, 888sport, William Hill, and Mr Green brands. Direct competitor offering similar online gambling products in regulated European markets including UK.
  • Gamesys Group: Gamesys operates online casino and bingo brands including Jackpotjoy and Virgin Games. Direct competitor in regulated online gambling markets, particularly UK and Europe, with overlapping casino-led offering.
  • DraftKings: DraftKings is a major US-facing online sports betting and casino operator. Comparable in product offering (sportsbook + iGaming) and digital-first customer acquisition strategy, though primarily focused on US regulated markets.

Broad incumbents

  • Playtech: Playtech is a major B2B gambling technology provider offering platform, content, and services to operators globally. Comparable to Kindred's Relax Gaming subsidiary, supplying iGaming software and aggregation across multiple operators.
  • MGM Resorts International (BetMGM): MGM operates BetMGM, a US online gambling joint venture with Entain. Broad incumbent with regulated-market gambling exposure comparable in brand-led customer acquisition and integrated resort-cum-digital strategy.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

Kindred Group social profiles

Digital presence

Kindred Group financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Kindred Group leadership team

Management profile

Number of profiles

Profiles9 records

Kindred Group subsidiaries and ownership

Company hierarchy

Subsidiaries1 record

Kindred Group funding detail

Funding detail

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Kindred Group M&A and investment

M&A and investment

M&A5 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kindred Group

What does Kindred Group do?

Kindred Group operates online gambling services including sports betting, online casino games, and poker through its flagship Unibet brand and other owned brands across regulated European and Australian markets. Through its acquired Relax Gaming subsidiary, the company also provides B2B iGaming software, including game content aggregation and a poker network, to other online gambling operators globally.

Is Kindred Group a public or private company?

Kindred Group is a private company. It is classified as corporate owned and is currently acquired.

When was Kindred Group founded?

Kindred Group was founded in 1997. It employs 1,001 to 5,000 people.

Where is Kindred Group based?

Kindred Group is headquartered in Valletta, Malta, in the Europe region.

How does Kindred Group make money?

Two revenue lines are on record. Online Gambling Operations are the primary driver. The others are B2B Software Services.

Who are Kindred Group's main competitors?

Direct peers on record are Flutter Entertainment, Entain plc, Bet365, Betsson AB, LeoVegas, Evoke plc (888 Holdings), Gamesys Group and DraftKings. Broad incumbents are Playtech and MGM Resorts International (BetMGM).

Does Kindred Group have an API?

No public API is recorded for Kindred Group.

What industry is Kindred Group in?

Kindred Group's product category is Online Gambling and Sports Betting. Its primary akta.pro industry code is MPAEAKAG, Game Aggregation, Content Distribution & RGS (Remote Game Servers), with a secondary code of MPAEAEAC, Online Poker Operators (Real-Money). Its NAICS code is 713290.

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Contact sales
Live signals
Dagens industriBudplikt utlöst i kasinobolagetMajor shareholder Kenneth Dart faces a mandatory bid obligation on Kindred Group (the casino company), forcing him to decide whether to launch a historical takeover bid exceeding 100 billion SEK or divest his stake. Dart had previously navigated bid obligations in Evolution, another gaming sector company. The decision marks a significant moment in the Swedish gaming industry given the scale of the potential transaction.Fightful NewsWWE News, AEW News, Pro Wrestling Backstage NewsThe global iGaming market exceeded $100 billion in revenue in 2026, with total market estimates reaching around $115 billion by year-end according to industry data providers. Mobile devices now account for over 75% of all bets placed, while AI-driven personalization has helped leading operators like Kindred Group and Flutter Entertainment reduce user churn by approximately 15-25%. Emerging markets in Latin America and sub-Saharan Africa, particularly Brazil following its 2024 legalization of sports betting, represent the next major growth frontier for the industry.Le Monde.frHow France's lottery operator fuels the toxic online casino ecosystem in the ComorosAn investigation by Le Monde and CasinoZorgplicht.nl reveals that Française des Jeux (FDJ), France's 21% state-owned national lottery operator, obtained a license in Anjouan, Comoros two months ago to sell virtual slot machine software through its subsidiary Relax Gaming. Online casinos operating from Anjouan have been accused of scams and money laundering, operating under standards far below those enforced by European regulators and with questionable legal validity under Comorian law. FDJ entered the online casino market following its €2.4 billion acquisition of the Swedish Kindred Group in 2024, which brought Relax Gaming—employing over 300 people—into the FDJ group.Global Growth InsightsOnline Gambling Market Size & Demand Analysis by 2035A market research report projects the global online gambling market to grow from USD 37.85 billion in 2025 to USD 119.67 billion by 2035, driven by mobile betting adoption and live casino engagement. Key industry players identified include Flutter Entertainment, Bet365, Kindred Group, GVC Holdings, and William Hill, with North America holding the largest regional share. The analysis highlights regulatory constraints and cybersecurity risks as primary challenges affecting market expansion and user trust.YogonetThe biggest gambling companies in Europe and their regulatory challengesThe European gambling industry generated approximately €123.4 billion in gross gaming revenue in 2024, a 5% year-over-year increase, with the online segment projected to grow from nearly $30 billion in 2022 to over $84.5 billion by 2032; major operators including Flutter Entertainment, Entain PLC, Kindred Group, Betsson AB, and 888 Holdings PLC are expanding into regulated markets while facing significant regulatory pressure. Each profiled company has accumulated notable regulatory cases, including the UK Gambling Commission imposing fines totaling £184,500 on Flutter's Tombola (2025), £17 million on Entain (2022), £7.1 million on Kindred's subsidiaries (2023), court-ordered player refunds against Betsson in Sweden and the Netherlands (2025), and £19.2 million on 888 Holdings entities (2023). Industry outlook remains cautiously positive as operators invest in compliance and safer-gaming tools amid tightening regulations across Germany, the Netherlands, Sweden, Spain, and the UK.Porter's Five ForcesWhat is Brief History of Kindred Group Company?Kindred Group was acquired by La Française des Jeux (FDJ) in October 2024 for €2.45 billion, resulting in the company's delisting from Nasdaq Stockholm. The acquisition follows Kindred Group's strategic exit from the North American market in Q2 2024 and a restructuring plan aimed at reallocating resources to its core European and Australian markets. FDJ intends to integrate Kindred into its 'Play Forward 2028' strategy, focusing on sustainable growth and profitability in established regions.Porter's Five ForcesHow Does Kindred Group Company Work?Kindred Group, now part of FDJ, operates a diverse portfolio of online gambling brands primarily in regulated European and Australian markets. The company's recent acquisition by FDJ for €2.45 billion and its focus on technological innovation and responsible gambling have significantly shaped its strategic position.Martinimartini.ai ResearchKindred Group plc, a Malta-based online gambling operator, was acquired by La Française des Jeux (FDJ) in October 2024, integrating the company into a larger European gaming group with combined pro forma revenue of around €3.5 billion and recurring EBITDA of approximately €840 million. The company reported a 50.2% increase in pre-tax profit for the first half of 2024, driven by improved performance in core European markets and the Netherlands, rebounding from a 53% profit drop in 2023 following its exit from the North American market. The acquisition has strengthened Kindred's financial profile and credit outlook, with the company targeting over £1.6 billion in revenue and 90% of revenue from locally regulated markets by 2025.EveryMatrixDriving innovation in Sportsbook development with advanced Odds DataKindred Group launched its in-house sportsbook platform in Estonia in December 2024, leveraging proprietary odds modelling technology developed with data partner OddsMatrix. The partnership involved the provision of historical data feeds and custom APIs to enable Kindred's Data Science unit to refine pricing models and benchmark against competitors. This strategic move aims to give Kindend complete product control and differentiation in competitive regulated markets.WikipediaKindred GroupLa Francaise des Jeux (FDJ) completed the cash buyout of online gambling operator Kindred Group in October 2024. The company has faced significant regulatory scrutiny and financial penalties across multiple jurisdictions, including fines from the UK Gambling Commission and sanctions in Sweden, Norway, and the Netherlands for compliance failures.