Kindred CEO Henrik Tjärnström said the return of the business to the Netherlands “exceeded expectations.”
He added that although marketing activity in the country is limited, the business will soon expect a positive contribution from the market.
Kindred today reported a 32.2% decline in revenue in the first half, resulting in a decline in business in all major sectors.
Throughout the report, the business excluded revenue from the Netherlands as it withdrew from the Netherlands to comply with the regulations. It resumed earlier this month, ending the nine-month absence.
Earlier, Kindred said the withdrawal could impact revenues of up to £ 144 million (€ 170.1 million / $ 171.1 million). In fact, a 600,000 decline in all markets in the second quarter had a significant impact on player numbers.
When asked about the return to business in the Netherlands, Tjärnström said the re-entry is on track, despite the early stages.
“We expect the contribution to be positive in the coming months,” he said. “It’s important to help us reach our long-term goal of returning our online EBITDA margin to 20% in the next few years.
“We see a very strong uptake of activity, even though we haven’t fully strengthened our marketing. We value our marketing investment and the profits we make as well. ..
“So far, it has exceeded expectations in the Netherlands.”
Elsewhere, in the United States, Tjärnström said development across the country is steadily progressing, hoping to continue its upward trajectory.
“We have seen good development throughout the state,” continued Tjärnström. “New Jersey is looking forward to launching and continuing its own platform in the third quarter. [the] Growth trend. “
Tjärnström also praised Kindred’s progress in the national sports sector.
“US sports sales are up 30%,” he said. “Obviously, sports are outperforming in that sense.”
Tjärnström also mentioned the implementation of stricter and more affordable measures in the United Kingdom. This affected second-quarter earnings, he said.
“We have adopted stricter financial measures and reduced customer backstops. Some measures will be implemented further in the coming months. We will reduce spending and check customers. Submitting is also all ambition. “
“We need to request documentation, which is not the best customer experience.”
