Kindred Group, a leading online gaming operator has reported its stronger ever fourth quarter. This is due to gross winnings revenue sitting at an all-time high of approximately £365m. This is likely due to an increase in online gamblers taking part in games throughout 2020 with more time spent at home.
Strong activity across markets
According to the announcement from Kindred Group, it has experienced an annual growth of 55%. In 2019, its fourth-quarter gross winnings revenue sat at £236.2m in comparison to the £365m seen in 2020.
The company has noted that this impressive growth comes as a result of continued strong activity across all products and markets. They also noted that the number of active customers increased by 11% on the same quarter last year.
Higher sports betting margin
Additionally, it was noted that the growth in gross winnings revenue was supported by the increased sports betting margin. Kindred Group reported that this grew from 8.5% to 10% in the final quarter of 2020.
Kindred has been focusing on improving efficiency across the company and reducing costs where they can. The fourth quarter is allowing the team to celebrate the best ever end to the year, which is welcomed when you consider all that went on in 2020.
The final report for Kindred Group and their 2020 results is expected to be published on 10 February 2021. With such a strong finish to the end of the year, 2021 is shaping up to be another successful one for this leading operator. Kindred Group is surely a company that all affiliates should be keeping an eye on this year.