Swedish online gambling operator Kindred Group has released its unaudited financial results for the first three months of 2017 showing that its quarterly gross gaming revenues improved by 25.1% year-on-year to hit an all-time high of $196.45 million.

Formerly known as Unibet, Kindred Group operates ten online casino and sportsbetting brands including MariaCasino.co.uk, BohemiaCasino.com and PokeriHuone.com and it additionally saw a record 1.23 million active customers during the three-month period, which represented a boost of almost 22.4% year-on-year, while its underlying earnings before interest, tax, depreciation and amortization rose by some 17.4% to $38.85 million.

However, the news was not all good for Kindred Group as the operator reported a 19% decrease year-on-year…...