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Kindred’s Journey Towards Zero: An increase in Q3 revenue from high-risk players

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SLIEMA, Malta, Oct. 23, 2024 /PRNewswire/ — For the third quarter of 2024, Kindred’s Gross winnings revenue from high-risk players reached 3.2 per cent, an increase from the previous quarter. While it is an increase, Kindred remains fully dedicated to lowering this share of revenue and continues to see a sustainable behaviour change from players after interventions. 

Kindred Group plc (Kindred) reports a slight increase in its share of revenue from high-risk players for the third quarter 2024 at 3.2 per cent (Q2 2024 3.0 per cent). The percentage of detected customers who exhibited improved behaviour after interventions showed an improvement at 87.3 per cent (compared to 86.8 per cent in Q2 2024 and 87.1 per cent in Q1 2024). The improvement underscores Kindred’s ongoing commitment to not only identifying risk behaviour but also continuously refining the interventions applied to foster safer gambling habits.

Global statistics from Kindred Group   

Q3 2023  

Q4 2023  

Q1 2024

Q2 2024

Q3 2024*

Share of gross winnings revenue from high-risk players   

3.3 %

3.1 %

3.2 %

3.0 %

3.2 %

Improvement effect after interventions   

86.7 %

87.4 %

87.1 %

86.8 %

87.3 %

*90 day rolling period between 19 June 2024 and 18 September 2024 

“The rise in high-risk revenue presents a challenge in the third quarter, which reinforces the need for further advancements in our behavioral harm detection and automated intervention systems. Looking ahead, we recognise this need as well as to broaden our focus to ensure comprehensive coverage across more areas related to safer gambling. A key aspect of this future strategy is to build on the strengths, insights and knowledge gained from our proprietary detection system over the years,” says Esther Scheepers, Head of Responsible Gambling at Kindred Group.

“The general awareness and knowledge around gambling disorder is increasing rapidly, as is the sophistication of technological support tools. By combining our own knowledge with new and improved technology, we can enhance detection capabilities further. We are currently upgrading our detection system with a new improved system, which will enable us to integrate more robust compliance features and optimise our overall approach to safer gambling. Additionally, we are exploring opportunities to expand and refine our research initiatives, particularly in areas shaped by current trends and emerging issues in consumer protection,” ends Esther Scheepers.

In February 2021, Kindred started to communicate about its share of revenue of harmful gambling and reports this data and the improvement effect after interventions each quarter. This is a key part of Kindred’s work with fostering a factual and transparent dialogue, paving the way for a more sustainable industry.

About Kindred’s Journey towards Zero  

Kindred Group is committed to transform gambling by being a trusted source of entertainment that contributes positively to society. Therefore, Kindred has set an ambition to reach zero per cent revenue from harmful gambling and to report this metric on a quarterly basis. This is done to increase transparency, to support a fact-based dialogue about harmful gambling, and to raise awareness of the Group’s sustainability work. To read more, visit: www.kindredgroup.com/zero

For more information:
Alexander Westrell, Director of Communications
press@kindredgroup.com

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Press release: Kindred™’s Journey Towards Zero – An increase in Q3 revenue from high-risk players

 

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CCTV+: Explore the Wizard of Oz in Jiangzhong Pharmaceutical Valley

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BEIJING, Oct. 23, 2024 /PRNewswire/ — This is a report from CCTV+:

Want to cool down in the hot summer? Better to explore the Wizard of Oz in Jiangzhong Pharmaceutical Valley. In this wonderful green garden, you can meet muntjacs and birds. The ancient legend of Shennong tasted herbs is also updated in “the most beautiful Chinese factory”. In this summer, Yijun discovered the Jiangzhong Pharmaceutical Valley in Nanchang, Jiangxi. Let’s worship the Statue of Shennong, enjoy the fragrance of TCM materials, and read the myth of “green wisdom” in Jiangxi!                                                                                                                       

Over the past 20 years of operation, Jiangzhong Pharmaceutical Valley has been adhering to the concept of “natural authenticity and green ecology” in building the factory. In the entire process of promoting green ecology, Jiangzhong Pharmaceutical Valley uses renewable energy sources to significantly reduce energy consumption, which can save 2,200 tons of carbon a year just with this alone. Additionally, Jiangzhong Pharmaceutical Valley has reduced energy consumption in the production process through continuous improvement efforts. This has achieved at least 5 million economic benefits of energy saving and consumption reduction in the past five years.

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SOURCE CCTV+

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“PolyU-YUNJI Technology Hotel Digital Intelligence Joint Innovation Lab” Established in Hong Kong

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HONG KONG, Oct. 23, 2024 /PRNewswire/ — From October 11th to 13th, the “IMPACT2024” global hospitality sector event organized by the School of Hotel and Tourism Management (SHTM) of the Hong Kong Polytechnic University (PolyU) was successfully held at the ICON Hotel in Hong Kong. During the period, the signing ceremony of the “PolyU-YUNJI Technology Hotel Digital Intelligence Joint Innovation Lab” was successfully held at the PolyU.

Beijing Yunji Technology Co., Ltd (“Yunji Technology”) is committed to becoming the world’s leading robot service platform. As of now, it has provided AI + robot services for more than 30,000 hotels, hospitals, projects, and buildings globally. The School of Hotel and Tourism Management of The PolyU SHTM is renowned worldwide. In the academic field of hotel and tourism management, it has consecutively ranked first in the “Tourism and Leisure Management” category of the ShanghaiRanking’s Academic Ranking of World Universities (GRAS) for seven years. In this cooperation, the two sides will combine their advantages to establish an AI and embodied intelligence R&D base with global competitiveness in the industry-university-research-application field.

Professor Wong Kwok-yin, Vice President (EDU) of the PolyU, attended the event and said that the cooperation between the Hong Kong Polytechnic University and Yunji Technology Hotel Digital Intelligence Joint Innovation Laboratory will open up new vitality and opportunities for joint research and teaching activities in scientific research projects.

Zhi Tao, Founder and CEO of Yunji Technology, stated, “AI and robotics are now widely applied in hotels, transforming them into ‘smart entities’ that have served over one billion people. This collaboration will not only promote research and application but also accelerate Hong Kong’s development as a ‘technology hub’ alongside its reputation as a ‘financial center.'”

Yunji Technology has established a Hong Kong branch to advance the construction of a local research and development center. Through deepened cooperation in industry, academia, and application, Yunji Technology aims to develop core AI technologies and a strong brand in robotics from China, using Hong Kong as a gateway to lead globally and apply its innovations in international markets.

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SOURCE YUNJI Technology

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GITEX GLOBAL 2024 | Huawei’s Global Optical Summit: Accelerate F5G-A, Amplify Intelligence

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DUBAI, UAE, Oct. 23, 2024 /PRNewswire/ — During GITEX GLOBAL 2024, Huawei Global Optical Summit was successfully held in Dubai, UAE. Themed “Accelerate F5G-A, Amplify Intelligence”, the summit attracted more than 300 industry experts, customers, and partners from many countries around the world. At the summit, focusing on the “3 In 3 Out” trends, Huawei released a series of F5G Advanced (F5G-A) products for the Middle East, Central Asia, and Africa.

“The Middle East and Central Asia are the pace-setters for digital economy growth across the world.” Said Steven Yi, President of Huawei Middle East and Central Asia Region. “Having engaged in the Middle East and Central Asia for more than 20 years, Huawei has continuously contributed to local economic and social development with its digital infrastructure, including optical networks. In the intelligent era, optical networks are facing new development opportunities. With the advantages of ultra-high bandwidth, high reliability, and green development, optical networks will play a greater role in industrial intelligence in home, campus, industry production network, and sensing fields. Huawei will work with customers and partners to promote the application of optical technologies in the industry and accelerate the digital and intelligent transformation of various industries.”

Bob Chen, President of Huawei Optical Business Product Line, pointed out in his keynote speech that the next decade will be an intelligent one in which the optical industry will face new opportunities of “3 In 3 Out”. For intelligent connectivity, homes and campuses are evolving from gigabit to 10G as optical fibers replace copper cables. This trend has been dubbed “Fiber-in Copper-out”. Moreover, on the industry communications networks of industries like electric power and transportation, SDH is evolving to fgOTN at an increasing pace, which is called “fgOTN-in SDH-out”. For intelligent sensing, in scenarios such as oil and gas pipeline inspection and perimeter inspection, manual onsite operations will be replaced by remote operations. This will require converged sensing such as vision and fiber sensing, which is a trend called “Optical-sensing-in Hard-work-out”.

Focusing on the “3 In 3 Out” trends, Huawei is dedicated to developing innovative products and solutions.

In the ” Fiber-in Copper-out ” campus scenario, Huawei has updated its FTTO 2.0 solution by launching OptiXstar P884E, the industry’s first high-density 10G optical terminal, achieving 25G coverage. Four Huawei OptiXstar series Wi-Fi 7 optical terminals and optical gateways are released for hospitals, hotels, and education networks to develop new standard configuration for digital and intelligent Wi-Fi 7 campuses.

“fgOTN-in SDH-out” scenario, Huawei launched OptiXtrans E6600/9600 — the industry’s first optical transmission product portfolio that offers E2E support for the fgOTN standard, building solid and reliable communications networks for industries such as electric power and transportation.

In terms of “Optical-sensing-in Hard-work-out”, Gavin Gu, President of Huawei’s Enterprise Optical Network Domain, delivered a keynote speech. Gu noted that Huawei has launched the buried optical cable inspection solution to implement proactive warning of cable damage events, achieving an alarm accuracy of 95%, which is industry-leading. This ensures the security of important communications cables for ISPs, carriers, and governments. In addition, Huawei launched the lightweight perimeter inspection solution, which extends the perimeter inspection capability of optical fiber sensing to small-scale campus scenarios such as substations, oil and gas stations, and data centers.

Looking ahead, Huawei will continue to innovate and work with all global customers and partners to seize new “3 In 3 Out” opportunities, and to accelerate industrial intelligence, achieving win-win results in the intelligent era.

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