Kindred Group, a outstanding gaming firm, has introduced its exit from Poland. The corporate just lately discontinued its on line casino and poker operations within the nation and is now placing an finish to its sports activities betting enterprise there too.

Kindred to Finish Its Enterprise in Poland

Kindred Group, which operates the Unibet model in Poland, pulled again its on line casino, poker and bingo operations from the nation in October this 12 months. Nonetheless, the corporate was nonetheless accused of working sports activities betting regardless of missing a license within the nation. Graj Legalnie, an affiliation that opposes offshore gaming in Poland, claimed that Kindred’s illegal operation is depriving the Polish State Treasury of thousands and thousands of zloty.

As well as, Kindred’s latest takeover settlement with La Française des Jeux (FDJ) outlined that the merged group would solely function in regulated jurisdictions. The corporate confirmed this as the rationale for its departure from Poland, affirming its dedication to respecting the settlement and stopping its .com operations.

Kindred contacted its Unibet gamers in Poland, notifying them of the cessation of service. The corporate clarified that gamers’ accounts will stay open, permitting them to withdraw their funds. Nonetheless, all sports activities wagers have been settled as of November 25. Unsettled sports activities bets have been voided, permitting bettors to take their a reimbursement.

Kindred additionally famous that Unibet’s gamers should withdraw their funds by December 30 on the newest.

FDJ Acquired Kindred in a Historic Deal

Kindred’s acquisition by FDJ was formally closed in October, following months of regulatory setbacks. The scale of the 2 firms had prompted monopoly-related issues amongst regulators, who believed that the union would command a big market share.

Due to that, the French Competitors Authority solely allowed the deal to proceed on the situation that FDJ’s lottery enterprise and Kindred’s gaming enterprise are saved separate and don’t channel gamers towards each other.  

The deal marked a brand new period for Kindred, necessitating massive adjustments, reminiscent of its exit from unregulated markets, the top of its .com enterprise and a reshuffled management staff. The corporate launched main adjustments to its board of administrators, welcoming new members and parting methods with outdated ones.

Later that month, FDJ initiated a squeeze-out to finish its takeover of Kindred and solidify its possession of the playing group.