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Kindred Group has secured access to its third and fourth US states through a new agreement with Caesars Entertainment.
No timeline for the launch was given, but the agreement could “potentially” extend to additional states, the partners said.
“We are thrilled to further extend our presence in the US together with one of the world’s most renowned and diversified casino-entertainment providers,” said Manuel Stan, SVP of Kindred US.
“Caesars’ geographical spread in the US gives us a unique opportunity to build our footprint, with Indiana and Iowa next in line and potential other states lined up. We also share Caesars’ vision to offer customers an unforgettable experience where every guest is treated like a Caesar.”
Kindred said it would use Pala Interactive technology for its launch in the new states. That includes Pala’s Player Account Management system, Pala online casino products, and integration with sports betting provider Kambi.
Kindred Group took a nearly $8 million EBITDA loss on its US operations in Q4.
Kindred CEO Henrik Tjarnstrom said the loss was in line with internal expectations and the business was showing good momentum for future quarters.
Kindred will publish its full Q4 financial report on Wednesday.
Caesars said it could continue to operate its own sports betting offering under the Caesars Sports brand in Iowa and Indiana.
“As Caesars Entertainment continues to gain state approvals for legalised sports betting in the US, we look forward to adding Kindred to our list of sports betting partners in certain states,” said Christian Stuart, EVP for Caesars Entertainment.