This story was published more than 1 year ago.
This week online casino operator Kindred Group announced that they're withdrawing their application for a Spanish gaming license, and will instead focus on getting established in the United States and Sweden.
The decision comes after Kindred initially applied for a license back in December of 2018, but their corporate strategy has shifted and will now allocate resources in the United States and Sweden, where it already has a presence. The American market is growing as more states legalize online and sportsbetting, providing Kindred with an opportunity to get in at ground-level and try to bump up revenues.
Although the Spanish market will be on the back burner for a while, the company isn't closing the door completely on joining the market. A press release from Kindred on the matter read:
"Kindred remains fully committed to the group's strategic objective of increasing its revenue from locally licensed markets and look forward to revisiting its Spanish licence application once the process opens again."