HomeGambling IndustryKindred Group finalizes complete withdrawal from Polish gambling market

Kindred Group finalizes complete withdrawal from Polish gambling market

LAWS AND REGULATIONS27 Nov 2024
2 min. read
Exit Poland

Kindred Group has finalized its complete withdrawal from the gambling market in Poland, with the company announcing that its sportsbook platform will no longer be available in the country.

Kindred continues dot com international operations withdrawal

This comes following the company’s acquisition by La Française des Jeux earlier this year and reflects the broader market dynamics.

Poland, with its rather tight gambling laws, has proven to be a hard operational market where the company had never secured an official license, prompting a wide-scale withdrawal from it by the group.

Prior to announcing the sports betting platform exit, Kindred Group had already shuttered its poker, bingo and casino operations.

The move is not surprising as FDJ, the acquiring company, had previously said that once the purchase is completed, the companies will operate only in locally regulated markets.

In the case of Kindred Group, the operator has been accused by local betting giant, STS, and local trade groups, of having run the Unibet brand without the necessary license in the country.

The company set to operate only in locally regulated markets under FDJ

All bets available on the Unibet platform were settled on November 25, a message sent to Polish customers on the platform indicated.

FDJ would make sure that Kindred would now cease its international dot com operations and focus instead on individual markets where its brands have been licensed.

The purchase of Kindred Group has been one of the largest mergers and acquisition deals of the year. This is not the only market that Kindred has exited after the company recently announced that it will cease operations in Norway.



Image credit: Unsplash.com

27 Nov 2024
2 min. read
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