"Kindred Group, the parent company of CasinoALMA, has seen a 22.7% increase in net profit to £31.4m in Q1. This success is attributed to cost reduction measures across various sectors. The online casino industry is booming amidst global economic challenges, possibly signaling a shift towards iGaming."
Profit Surge for Kindred Group in Q1
The first quarter of the year has brought a wave of success for Kindred Group, the parent company of renowned CasinoALMA. Featured in the latest news, the company reported a net profit increase of 22.7% to £31.4m, that is approximately €36.5m/ $39.1m.
CasinoALMA’s Rejoicing First Quarter
Kindred Group's remarkable success comes as a result of cost reduction measures implemented across numerous sectors of the business. Despite the current global economic challenges, the online casino industry is witnessing a significant boom. Could this signify a shift in the online gambling environment in favour of the iGaming industry?
The Rise of Online Casinos
With physical casinos being affected by limitations and restrictions due to global circumstances, the online casino scene has flourished, showing the potential of the digital realm of iGaming.
Final Thoughts
With impressive profit increase, the Kindred Group's successful first quarter mounts the spotlight on CasinoALMA and, more broadly, the lucrative industry of online gambling. With the forte of providing trusted casino reviews, enticing bonus deals, and all the relevant information about the deposit methods, game providers, and more, CasinoALMA remains the leading database in the business.
