Online Poker "Almost Back to Glory Days": Unibet Poker Enjoys Record Start to 2020 Online Poker "Almost Back to Glory Days": Unibet Poker Enjoys Record Start to 2020
Key Takeaways
  • Attention is on online poker, which has enjoyed an explosion of interest in the last month.
  • “Poker [stands] to benefit really strongly from the COVID-19 situation.”
  • In Q1 2020, it reported £7.5 million of online poker revenue—almost exactly an entire year’s revenue back in 2015.
  • Poker is still a tiny part of the group’s portfolio, but in Q1 2020 it also crossed another milestone.
  • With its unique product, Unibet Poker is very well positioned to benefit.

Kindred Group’s independent online poker room Unibet Poker is well-placed to benefit from the current boom in the industry, with Q1 results its highest in recent history, the group recently reported.

It is a time when skittish investors of online gambling companies are looking for reasons to be optimistic. Attention has been on online poker, which has enjoyed an explosion of interest in the last month.

As Kindred Group’s fastest growing product category, it is an obvious silver lining for the sports-betting-heavy operator.

“Poker [stands] to benefit really strongly from the COVID-19 situation,” said Henrik Tjärnström, CEO of Kindred, presenting the group’s Q1 financial results late last month. “It’s now back almost to glory days in numbers.”

This is “of course very encouraging,” he added, as the group has “a market leading product in that … area.”