Kindred has announced an expansion of its partnership with Stats Perform, aiming to enhance the betting experience for players on the Kindred Sportsbook platform.
Under this extended agreement, Kindred will have access to the full range of RunningBall and Opta products from Stats Perform, including real-time official sports data feeds and player statistics.
The RunningBall offering from Stats Perform delivers official in-play sports data feeds, while the Opta brand focuses on player statistics across various sports.
This collaboration is seen as a significant step forward in the world of sports betting, with Kindred’s director of sportsbook, Andreas Reimblad, expressing confidence in setting new standards.
Reimblad stated, “This collaboration is a testament to our unwavering commitment to building the Kindred Sportsbook platform with the best data available on the market.”
He emphasized the expertise, trusted brands, and unique data points that Stats Perform brings to the partnership, highlighting their potential to support the development of their proprietary sportsbook platform.
Stats Perform’s chief betting officer, Andrew Ashenden, also welcomed the expanded deal and its potential benefits.
He noted, “We are excited to help take Kindred to great heights through our market-leading, built-for-betting RunningBall and Opta products.”
This development comes in the wake of an acquisition offer from La Française des Jeux (FDJ) for Kindred, valued at €2.5 billion.
Kindred has unanimously recommended that shareholders accept the offer, with the acceptance period set to begin in February and expire in November, contingent on various closing conditions, including regulatory approvals and sufficient shareholder acceptance.
FDJ views this acquisition as an opportunity to create the second-largest operator in Europe’s gaming sector, envisioning a “European gaming champion” with increased revenue and earnings growth potential.
Alongside this news, Kindred has provided preliminary results for its 2023 financial year, anticipating growth in revenue and underlying EBITDA.
Revenue is expected to reach £1.21 billion, marking a 13.3% increase from 2022, with gross winnings revenue from B2C activities rising by 12.4% to £1.17 billion.
Kindred also foresees other revenue from the B2B segment increasing by 49.6% to £38.6 million.
While the growth in revenue entails higher sales expenditures, Kindred anticipates that underlying EBITDA for the year will reach £204.5 million, representing a substantial 58.3% increase compared to 2022.