Unibet settles historic bet in the United States

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Nov 07, 2022, 03:36 ET

SLIEMA, Malta, Nov. 7, 2022 /PRNewswire/ -- Kindred Group's multi-product brand, Unibet, settles a historic bet in the United States following the Houston Astros' World Series victory. Jim McIngvale, an American entrepreneur, bet USD 1.05 million on the Astros winning resulting in a payout of USD 6.3 million.

Kindred Group plc (Kindred), with its multi-product brand Unibet, has settled the largest bet in the Group's history following the Houston Astros winning the World Series against the Philadelphia Phillies on 5 November. The historic bet of USD 1.05 million was placed by Jim McIngvale, also known as Mattress Mack, in July for the Houston Astros to win the World Series at odds 6.00 (+500).

"We are happy to congratulate Jim McIngvale on his successful bet on the Houston Astros. As one of the largest online betting operators globally we occasionally take on these bigger bets, and seen as a part of our overall sportsbook business it is a small exposure", says Henrik Tjärnström, CEO Kindred Group.

This is Jim McIngvale's second big bet at Unibet, after the 2019 unsuccessful USD 1.5 million bet on the Houston Astros to win the World Series.

The settled payout of USD 6.3 million will be shown as part of Kindred's North America financial numbers in the reporting for the fourth quarter.

For more information:
Maria Angell Dupont, External Communications Manager, Kindred Group
[email protected]
+46 72 165 15 17

Linda Lyth, Investor Relations Manager
[email protected]

The following files are available for download:

https://mb.cision.com/Main/824/3662022/1650782.pdf

Press release: Unibet settles historic bet in the United States