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
Legislators from Gaming States Announces 35 Expert Speakers for January 10-12 Winter Meeting in San Diego
The National Council of Legislators from Gaming States (NCLGS) announced the roster of speakers for its NCLGS Winter Meeting 2020 that takes place January 10-12, 2020, at the Marriott Marquis San Diego Marina. Registration is open for legislators and the public at http://nclgs.org/index.php/events/nclgs-winter-meeting-san-diego-2020.
“We are excited that so many highly respected experts are joining us this year in San Diego to help legislators, regulators, and industry participants understand the evolving landscape that is gaming across the United States,” said NCLGS President-elect Keith Pickard, a Nevada State Senator. “The lineup of speakers and panelists this year is unprecedented in quality and scope. I can hardly wait for this conference to start.”
The NCLGS Winter Meeting will focus on critical issues that legislative decision makers throughout the United States will confront, ranging from the rollout of sports betting to growing revenues and generating employment, to law enforcement, security and cheating at casinos. Additionally, a major policy initiative will be unveiled by American Gaming Association’s (AGA) Responsible Gambling Collaborative as a special presentation.
Speakers who will address these and other timely issues include:
- Gerald Aubin, Director, Rhode Island Lottery
- Joe Briggs, Staff Counsel, Public Policy Counsel, National Football League Players Association
- Jonodev O. Chaudhuri, Partner, Quarles & Brady
- William P. Coley II, Senator, Ohio
- Frank Donaghue, Vice President of Regulatory Affairs, Chief Compliance Officer, Penn National
- William Egan, Senior Lottery Associate, Spectrum Gaming Group
- Alan Feldman, Distinguished Fellow, Responsible Gaming, University of Nevada, Las Vegas – International Gaming Institute
- Jon Ford, Senator, Indiana
- Steve Geller, Principal, Geller Law Firm
- Robert Heller, CEO, Spectrum Gaming Capital
- Jamie Hummingbird, Director, Cherokee Nation Gaming Commission
- Brandt Iden, Representative, Michigan
- Robert Jacobson, Executive Director, California Council on Problem Gambling
- Susan Jensen, Executive Director, California Nations Indian Gaming Association
- Kate Lowenhar-Fisher, Member, Dickinson Wright
- John Maloney, Principal Attorney, John K. Maloney Law
- Marquest Meeks, Senior Counsel, Sports Betting & Investigations, Major League Baseball
- Cody Martinez, Chairman, Sycuan Band of the Kumeyaay Nation
- Bill Miller, President & CEO, American Gaming Association (AGA)
- Steve Norton, CEO, Norton Management
- Keith Pickard, Senator, Nevada
- Dan Reaser, Director, Fennemore Craig
- F. Douglas Reed, Senior Pari-Mutuel Associate, Spectrum Gaming Group
- Kevin Ryan, Representative, Connecticut
- May Scheve Reardon, Executive Director, Missouri Lottery
- Sue Schneider, Editor-in-Chief, Gaming Law Review
- Judith A. Shapiro, Esquire, Judith Shapiro Law
- Katherine Spilde, Professor, L. Robert Payne School of Hospitality & Tourism Management, San Diego State University
- Perry Thurston, Senator, Florida
- Dave Trujillo, Director, Washington State Gambling Commission
- Joe Verrengia, Representative, Connecticut
- Rachel Volberg, Research Professor, School of Public Health and Health Sciences, University of Massachusetts Amherst
- Keith Whyte, Executive Director, National Council on Problem Gambling
- Robert Zahradnik, Principal Officer, State and Local Fiscal Health, The Pew Charitable Trusts
- Jane Zerbi, Principal, Law Office of Jane Zerbi
Additional speakers will be added in the coming weeks.
The agenda for the three-day NCLGS Winter Meeting includes:
- Six legislative-chaired Committee sessions that will focus on tribal and commercial casinos, responsible gaming, and lotteries, as well legal, regulatory, and operational aspects related to sports betting
- Two IMGL masterclass panels conducted by the International Masters of Gaming Law focusing on the legal and regulatory trends of tribal-state gaming compacts and cutting-edge issues related to the surge of sports betting across the U.S.
- Morning Keynote Address from Robert Zahradnik of The Pew Charitable Trusts
- Luncheon Keynote Address from Bill Miller of AGA: “State of the Industry”
- Special presentation featuring the release of the “Responsible Gambling Effectiveness Principles” by AGA’s Responsible Gambling Collaborative
- General session panel examining what state and local governments can do to capture economic benefits of gaming
- Thursday evening networking reception
- Friday evening welcome reception
- Saturday afternoon offsite event
To view the agenda, register, and book rooms at the host hotel at special attendee rates by the December 11 deadline, visit http://nclgs.org/index.php/events/nclgs-winter-meeting-san-diego-2020.
For sponsorship information, contact email@example.com. Legislators and others seeking NCLGS membership information should contact Wayne Marlin at firstname.lastname@example.org.
NCLGS is the only organization of state lawmakers that meets on a regular basis to discuss issues relating to gaming. Members of NCLGS serve as chairpersons or members of state legislative committees responsible for the regulation of gaming in their state legislative houses. NCLGS does not promote or oppose gaming but is primarily concerned with the regulation and economic and social impacts of the industry. The NCLGS Foundation is the educational and research arm of NCLGS. The 501(c)(3) non-profit is a source of non-partisan data on issues of gaming legislation and regulation. Learn more about NCLGS at https://www.nclgs.org/.
Spectrum Gaming Group, which has performed advisory and consulting work for gaming operators, regulators, and legislatures in 40 U.S. states and territories and in 48 countries on six continents, serves as Executive Director of NCLGS. Discover more about Spectrum at https://www.spectrumgaming.com/.
SOURCE National Council of Legislators from Gaming States
Play’n GO Hit All the Right Notes With Black Mamba
Slot supplier Play’n GO have returned to the music world for their latest slot Black Mamba, created in partnership with the Italian hard rock band of the same name.
After the success of House of Doom, Sabaton and their most recent release, Demon, Play’n GO have once again teamed up with another band to create and unique slot based on their musical stylings.
The Italian super band from Italy comprises of four members; Martina Cori (vocals), Alexandra Maiolo (guitar), Cecilia Nappo (bass) and Federico Maragoni (drums), all of whom feature as characters in the game, using their musical skills as part of its special features before coming together in an epic grand finale.
As always, the band themselves were very involved in the game’s creation process, making several visits to the company’s office to work with the producers and artists involved in crafting the game’s final design.
The slot includes the band’s original music, as its soundtrack is taken from their newest album Black Mamba II, which was released in October this year. This includes popular tracks such as Monsters, Natural Born Disaster and the hit single Watch Me When I Fail, which is performed during the game’s main Free Spins feature.
To celebrate the release of the game, Play’n GO are hosting an exclusive concert featuring Black Mamba and English rock band Demon. The concert will coincide with the first evening of SiGMA, November 27th.
The game is another example of the company’s creativity in the world of slots. While the musical slot theme is a popular one, Play’n GO have managed not only to approach it uniquely but also redefine the idea of what it means to create a slot of this type.
CEO Johan Törnqvist spoke on the company’s unique approach to their slot making:
“Creativity and innovation are at the heart of everything we do; we want to take this form of entertainment into new territories, and that means playing with new ideas and new concepts.
Working with the band to create the slot is an example of this; we ensure that we capture the personality and the essence of their music and fuse it with the Play’n GO spirit you get with every release. To do that successfully, that’s when you know you’ve created something special.”
Black Mamba is available to play online today.
Greentube granted G4 certification
Supplier marks Responsible Gambling Week with key accreditation
Greentube, the NOVOMATIC Interactive division, has marked Responsible Gambling Week by becoming the first Austrian supplier to receive Global Gambling Guidance Group (G4) certification, the world’s strictest international player protection standard.
The G4 award, which covers all business verticals of a gaming company, underscores Greentube’s commitment to responsible gambling and the effectiveness of its player protection measures. The certification extends across the NOVOMATIC group, recognising achievements as both an operator and supplier of terrestrial slot arcades and casinos, sports betting, as well as online gaming and technology development.
Greentube’s responsible gambling measures were tested against nearly 100 criteria by independent auditors, who analysed in-house guidelines and codes of conduct, staff training on addiction prevention, age identification and youth protection. The supplier was also tested on the information available to customers on the risks of gaming, self-limitation tools and self-blocking options as part of the voluntary process.
Its parent company, NOVOMATIC, is the only gaming technology group worldwide to have successfully undergone G4’s strict analysis on such a scale and across multiple business segments, with a total of ten top-performing subsidiaries in Austria, Germany, the UK and the Netherlands achieving the accreditation. According to G4, the vast majority of Group revenue and its 30,000 employees will be certified in the coming year as auditing of the remaining companies progresses.
Barbara Zemann, Corporate Responsibility & Sustainability Manager at Greentube, said: “Receiving G4 certification is a monumental achievement for Greentube and the wider NOVOMATIC Group. It recognises our dedication to ensuring that player protection runs through the core of the business and that our gaming technology adheres to the highest responsible gambling standards.
“We are very proud that we have adopted the ‘responsible entertainment first’ mindset effectively at every level and been independently endorsed accordingly. The accreditation sends a clear message that we are committed to not only the continuous improvement of our games and products but to help players enjoy them safely.”
The G4 certificate must be renewed annually by means of a re-certification process, with standards regularly updated to reflect the latest scientific findings.
AGA, AGEM Launch Partnership to Combat Unregulated Gaming Machines
Alabama Governor Kay Ivey Selects Gambling Expansion Study Group
GLI to Conduct 20th Annual North American Regulators Roundtable Next Month
Zitro Illusion And Allure, Rising Values In Mexico
Svenska Spel Responds to Spelinspektionen’s Match-fixing Proposals
SlotCatalog Launch New Game Sections And Expanded Data Filters
Everton to End Sponsorship Deal with SportPesa
Prague Gaming Summit 2020 speaker profile: Martin Calvert (Marketing Director at ICS)
GO BET Gets Approval from Poland’s Ministry of Finance to Arrange Betting in Ground Points
Prague Gaming Summit 2020 speaker profile: Jan Urbanec (CEO at Endorphina)
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