Kindred’s Acquisition of 32Red Complete

By Jess Plowden Jun 7, 2017

UKGC gives its approval

With approval of the UK Gambling Commission, Kindred Group has completed its previously announced acquisition of 32Red for a reported £175.6m.

This will increase Kindred’s exposure in the Britain as the majority of 32Red’s revenues (£58.5m in 2016) come from the UK market.

Kindred will now proceed to delist 32Red from the AIM Market of the London Stock Exchange.

With the announcement this morning, Kindred’s stock price has remained stable.

Jess Plowden

Ms. Plowden started working online in the early days of the internet cleaning the tubes and training the cats, then spent 20 years in web design. Jumping at the chance to work at Casinomeister back in 2014, she has been a happy indentured servant behind the scenes ever since.
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