Henrik Tjärnström, CEO of Kindred Group, announced the company’s plans for the US markets. He stated that the company might not be capable of keeping up with the high costs of the market after releasing its sportsbook platform.
The company’s revenue in Q4 last year hasn’t met expectations in many markets worldwide, but in North America, the loss was the most significant. EBITDA losses were about $18 million during the quarter, and marketing costs alone were $11.1 million.
The company’s revenue in Q4 last year hasn’t met expectations in many markets worldwide, but in North America, the loss was the most significant. EBITDA losses were about $18 million during the quarter, and marketing costs alone were $11.1 million.
