Revenue amounted to €17.6 (14.1) million for the second quarter of 2018, an increase of 25% and €34.0 (28.3) million for first half of 2018, an increase of 20%
Operating profit (EBIT) for the second quarter of 2018 was €2.4 (0.3) million,
with a margin of 14% (2%) and 4.4 (1.6) million, with a margin of 13% (6%) for the first half of 2018
Profit after Tax amounted to €1.7 (0.1) million for the second quarter of 2018 and 3.2 (1.2) million for the first half of 2018
Earnings per share for the second quarter of 2018 were €0.055 (0.004) and €0.107 (0.040) for the first half of 2018
Cash flow from operating and investing activities (excluding working capital) amounted to €1.9 (-0.5) million for the second quarter of 2018 and €2.5 (0.3) million for the first half of 2018
Strong financial performance with 25% year-on-year revenue growth
Signed two US-based customers in DraftKings and Rush Street Gaming after US Supreme Court’s decision to fully repeal its federal sports betting ban
In Europe, signed Stanleybet Romania in Q2 and ATG and Latvijas Loto in Q3
Finalised long-term contract renewals with Kindred Group and Mr Green
“Although the World Cup began on 14 June, of even more long-term significance was a legal judgment handed down one month earlier. On 14 May, the US Supreme Court ruled the country’s federal ban on sports betting to be unconstitutional, and in doing so handed each state the authority to dictate their own sports betting laws.
The decision has the potential to create a significant business opportunity for Kambi. In previous quarterly reports we discussed how Kambi had been preparing for such an outcome, and our proactive efforts in the US can already be seen in our recent business wins.
Since the ruling, Kambi has signed two prominent operators in the US market. Firstly, in May we signed with Rush Street Gaming, an innovative gaming company with physical casinos in three US states, New York, Pennsylvania and Illinois, and an online presence in New Jersey. In addition, last month we secured a deal with DraftKings, the leading daily fantasy sports operator in the US and a company with a large database of sports fans.
I’m excited about what we can achieve with both customers, and in the US more generally. However, the state-by-state roll out of regulated sports betting will not happen overnight, therefore our US-facing business should be viewed in the mid-to-long-term.
In parallel, we continue to focus on our core business, which was boosted in June by the early stages of the World Cup. Revenues in Q2 were up 25% year-on-year, with revenue growth supported by yet another quarter of above average operator trading margin of 7.8%.
Ahead of the World Cup, we launched three new customers into three regulated territories within the space of a week, demonstrating the scalability and capacity of the Kambi platform. We also announced we were in final stage commercial discussions with Swedish horse racing operator ATG, a deal we subsequently closed shortly after the end of Q2.
ATG, one of the most recognisable brands in the Swedish market, will add a Kambi Sportsbook to its trotting and racing products once the market re-regulates at the beginning of 2019. This is a significant customer win for Kambi and one which will give us an even stronger position.
In early July we finalised our new long-term agreement with Kindred Group, a deal which gives Kambi a secure platform for future growth. Over the years, Kambi and Kindred have developed a strong partnership and I look forward to building on this in the future.
Overall, the past few months have produced very positive results for Kambi, both operationally and commercially, and I look forward to continuing this progress throughout the remainder of the year.”
You are invited to participate in a report presentation at 10:45 CET with the CEO Kristian Nylén and CFO David Kenyon. The presentation will be held in English via a telephone conference and can also be accessed via an audiocast using the link below.
Questions can be asked on the telephone conference or sent via the audiocast link. Please see details in the link below:
Numbers for participation in the telephone conference:
SE: +46 8 566 426 62 UK: +44 203 008 9811 ES: +34 9 1414 07 82
US: +1 855 753 2236
No pin required.
Link to the audiocast: https://tv.streamfabriken.com/kambi-group-q2-2018
Kambi Group plc is a B2B supplier of managed sports betting services on a proprietary software platform, providing premium turnkey sports betting services to gaming operators. Kambi’s product encompasses a broad offering from front end through to odds compiling and risk management. The company’s current coverage includes more than 200,000 live betting events and 325,000 pre-match events per year covering 65 different sports from all over the world. Kambi employs more than 600 staff across offices in Malta (headquarters), Bucharest, London, Manila, Stockholm and Sydney.
Kambi utilises a best of breed security approach. Kambi is a member of WLA, EL, Cibelae and is eCOGRA and ISO 27001 certified. Kambi Group plc is listed on First North at Nasdaq Stockholm under the symbol “KAMBI”. The Company’s Certified Advisor is Redeye AB.
Disclaimer: The information in this report/press release is such that Kambi Group plc is required to disclose under the EU Directive of Market Abuse Regulation and the Swedish Securities Market Act.
Source: Press Releases Published on European Gaming Media Network
Gambling Business during a Quarantine Period: Forecasts and Actions
The first Ukrainian specialized online gambling business magazine Logincasino.com.ua is organizing a two-day webinar. During the online event, opinion leaders will share the most important information regarding the gambling business during the crisis, including its legalization and new trends.
The webinar will take place on June 17 and 18, the event will start at 19:00 (UTC +3). The list of speakers includes lawyers, the bill’s author, marketers, a media psychologist, as well as top cyber sports and cyber soccer managers.
Anyone interested can take part in the event after filling out a registration form on the website of the event. On the day of the webinar, which will be held online, participants will be sent an active link to the platform where the broadcast will take place.
What participants will learn:
- nuances of doing business in Ukraine, taking into account the current and latest information on the bill № 2332;
- comparative analysis with the jurisdictions of Belarus and Malta;
- basic information for operators to start operations;
- how cyber sports and cyber soccer will change due to the drastic increase in their popularity and the economic crisis;
- how operators can monetize their sports audience in the absence of sporting events;
- guideline for agencies and clients: crisis marketing;
- about traffic arbitration and lead generation;
- about addicts: practical tips for work.
It is possible to register following the link.
The most important information regarding speakers, including topics and key points of their speeches, can be found on the website of the event.
During the broadcast, webinar participants will have the opportunity to ask questions that the Logincasino.com.ua team will send to experts and make a post-material based on their answers.
Fill out the registration form and join the event at 19:00 (UTC +3) on June 17-18.
Casino Hacks– the world’s first Casino Bonus & News TV!
New online casino affiliate combines the successes of MTV, Top Gear and Late-Night Talk Shows with casino games entertainment
Online casino fans now have the perfect platform for their interests in slot machines, blackjack, baccarat and roulette. Casino Hacks.comis launching the world’s first TV show for online casino players.
Targeting millions of online casino fans worldwide, and having already partnered with some of the major online casino operators and casino games suppliers, Swedish-owned Casino Hacks has been created by a tight team of former gaming operators, producers, marketing & SEO experts, including former executives at MTV, Mr Green, Bethard, Raketech, Pokerstars and Metal Casino who are also passionate online casino lovers.
Casino Hacks Founder Clas Dahlén was named ‘Sweden’s Best Marketer’ in 2014 when heading up Mr Green in Sweden, and is also the former Founder and Brand Strategist behind Metal Casino. The host of the show, Jonas Lutteman, who worked in the editing rooms of MTV in London will lead the entertainment and competitions in the CASINO HACKS show as well as manage Casino Hacks’ Twitch Program.
Even before the launch, Casino Hacks has already contracted major online casino operators and casino games suppliers to partner up on the affiliate platform and sponsor the TV show. It is a perfect platform to reach casino players and high rollers in a confined online casino games channel. Only a selection of online casinos will be partnered initially, as Casino Hacks only will work with the best online casinos offering the best casino bonuses as a trade off to a new, more beneficial, business model for the partnered online casino.
Clas Dahlén, the CEO, or ‘The Sales Guy’, as he would rather be referred to, says:
“Casino Hacks is here because we believe that online casino players, across the world deserve a higher standard of live entertainment. Looking for tips, hacks and great casinos and the best bonuses should not be like going through the Yellow Pages! We believe this part of the casino experience should reflect all the fun and action one can expect from an online casino today.
“It’s now my mission to market and sell this amazing website. I’ll be a sales-focused CEO who will introduce our outstanding service to casino players and make sure the content is entertaining. That is my full-time job for now!
“Coming from the operator side we felt it was time to do something new in the affiliate sector, creating new energy and with great design, broadcasting and all the fun entertainment that the online casino experience truly is about.
“The Show will reveal the latest online casino news, broadcasting casino reviews, new slots and interviews with interesting industry people such as the best Twitchers. The daily show will naturally run fun and rewarding competitions continuously.”
Casino Hacks is set for an international launch this week in Canada and New Zealand, followed by Australia, Iceland and six other territories in 2020.
Clas Dahlén describes their pioneering approach:
“Casino Hacks speaks out loud. We are the new kid on the block, and we don’t give a damn about our competitors’ conventional marketing or offers. Keeping our language real, trustworthy and staying true to our beliefs is something most people strive for. Few live up to it. Our members can count on us. As our brand platform describes, we are creative, honest and passionate in our communication with our members.
“We are Casino Hacks and we deliver winning Entertainment!”
AskGamblers to Divert €50,000 Through Catena Operations Ltd to Help Fight COVID-19
Out of the original sum of €66,900 raised during AskGamblers Charity Night back in January 2020, AskGamblers will be diverting €50,000 through Catena Media to help fight COVID-19. AskGamblers’s Charity Night took place in Belgrade, in January 2020, which is when we managed to raise €66,900 thanks to our dear partners who participated in the auction. With the situation the world is currently in, we have decided to divert €50,000 out of the original sum to UNICEF and, by doing so, help fight COVID-19. Although no amount of money is enough when health is involved, we do hope this donation will make at least a bit of a difference when it comes to fighting the coronavirus pandemic.
The money AskGamblers Charity event managed to raise is solely thanks to our casino partners who took part in the event, and now recognised the importance of our cause willing to contribute. Namely, Max Affiliates, Campeonbet Casino, SlotWolf Casino, Mr.Play Casino, Ivy Affiliates, EnergyCasino, Platincasino, Gunsbet Casino, BitStarz Casino, are the ones who made this all possible and we would once again like to thank them.
“We’re all aware of the fact that the battle between humanity and coronavirus pandemic is going to be a long journey, but we truly believe it is our responsibility to help protect the most vulnerable ones who are fighting this dangerous disease,” said Nikola Teofilovic, AskGamblers Vice President. “We have decided to divert €50,000 to support our local hospitals with the necessary resources to save lives in the fight against COVID-19.”
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