Kindred and Betsson report success figures – but not everywhere

The success reports of the providers on the market for games of chance are currently not tearing off. A few days ago, the Maltese-Swedish gambling groups Kindred and Betsson announced that the second quarter was completed with a big . At the end of July, those responsible for the company, which was particularly responsible for the positive figures, explained the European Football Championship. However, it became known that the regulations in the area of the Online-Casinos cause problems.

Many customers ensure sales record at Kindred

Kindred-CEO Henrik Tjärnström was happy that Copa America has never played as many customers as before during the European Championship and at the same time. In the second quarter of 2021, the group generated sales of 423 million euros. Last year, sales were only 274 million $ in the same period. This enabled sales to be increased by 149 million euros. But not only sales, but also the profit increased by 36.3 million $ to 119 million $ compared to the previous year’s sales.

Positive with Betsson

Also the Swedish group Betson, who was still a few weeks ago Success with an objection to a million penalty Has, can be satisfied with the sales figures. According to CEO Pontus Lindwall, a new company record was set up with 37.5 million euros. In the second quarter of last year, the Scandinavian company still made a profit of 21.3 million euros. The figures almost doubled sales. However, Lindwall relativized the numbers and will expect less sales again in the coming quarter. Like Tjärnström, Lindwall sees the European Championship as a factor for the significant increase. In contrast, the Olympic Games for the sports betting providers were rather uninteresting, since hardly any sales have been achieved here in the past.

Restrictions in the casino market drop sales

The people in charge of Kindred and Betsson are concerned about developments in the market for online casinos. The sales point down and have deteriorated in the second quarter and five percent. Lindwall is particularly bothered by the regulations in USA. Accordingly, it is noticeable that American players have been playing less since the new regulations. That is why the product has deteriorated, which is why it expects many users to play with providers who do not adhere to the new regulations. In the UK, too, the problems for providers increase due to different factors.

Problems in Malta

To make matters worse in Malta, the country now has to struggle with money laundering allegations. Several media reported on the gray list of Financial Action Task Force (FATF) in June. This means that the country is now under strict observation. In addition, the state must remove the defects found. Kindred-CEO Tjärnström already demanded that Malta have to face the problems, otherwise the willingness to invest in international companies would probably be reduced.

Malta’s head of government Robert Abela classifies the classification as unfair but assured that Malta would act against the allegations with a reform program. He made it clear that Malta did not show itself uncooperatively against financial corruption. Due to the lowering, Malta is currently no longer in the international standard in the fight against money laundering, corruption and terrorism. Already at the beginning of the year, the Maltese gambling supervision (MGA) assured that the gambling industry could not be reproached and that they faced themselves against the problems.