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Kambi Group plc Q4 Report 2020
- Revenue amounted to €46.9 (Q4 2019: 26.7) million for the fourth quarter of 2020 and €117.7 (92.3) million for the period January to December 2020
- Operating profit (EBIT) for the fourth quarter of 2020 was €22.2 (6.2) million, at a margin of 47.3% (23.1%), and €32.2 (14.7) million for the period January to December, at a margin of 27.4% (16.0%)
- Profit after tax amounted to €17.3 (4.6) million for the fourth quarter of 2020 and €24.1 (10.4) million for the period January to December 2020
- Earnings per share for the fourth quarter of 2020 were €0.558 (0.152) and €0.781 (0.345) for the period January to December 2020
- Cash flow from operating and investing activities (excluding working capital movements) amounted to €20.5 (4.4) million for the fourth quarter of 2020 and €28.7 (8.6) million for the period January to December 2020
- The 2021 AGM will be held on 11 May. The Board proposes that no dividend is paid out.
Key highlights
- Posted record quarterly performance with revenue up 76% year-on-year and operator turnover rising 77%, driven by a busy sporting calendar, exceptional operator trading margin and growth in new markets
- Demonstrated scalability of the business model with operating margin of 47% compared with 23% in the corresponding quarter of 2019, and further strengthening of the net cash balance
- During the quarter, Kambi supported Rush Street Interactive and DraftKings with online launches into the US states of Iowa and Tennessee respectively
- Kambi agreed two new partnership agreements, signing with the Belgian National Lottery and JVH Gaming and Entertainment in the Netherlands
“As we reflect on what has been exceptionally challenging 12 months, it’s particularly pleasing to complete the year with a record Q4 performance and annual revenues up by 28%. At the start of 2020, full year revenue of €117.7m would have been deemed a great success, so to have delivered such a performance, in spite of the sporting calendar being severely impacted for the best part of four months, speaks volumes for the business we have created, our talented people and the upward trajectory we are on.
Kambi finished the year in fine fashion, with year-on-year Q4 revenue up by 76% to €46.9m and operator turnover rising 77% at an operator trading margin of 9.4%. The Kambi Operator Turnover Index came in at 989 which was a clear all-time high, while our business model illustrated the scalability it possesses with an operating margin of 47%.
The US continues to be a success story, with Q4 delivering expansion into Tennessee’s online market and three on-property launches across Michigan and Mississippi. Our US-facing partners are increasingly leveraging Kambi’s differentiation capabilities in areas including risk, pricing and front-end, to forge unique paths in their respective markets. With major states such as Texas and New York now looking closely at online sports betting, it’s clear Kambi’s US journey is in its early stages.
Our strong growth means Kambi is now operating at a scale like never before, which in turn allows the Kambi sportsbook and service to continuously evolve. The powerful partner network we have created, with fantastic partners from around the globe, produces ever increasing amounts of unique data, from which we can draw valuable insights to help us improve and continue to offer a high-performance sportsbook.
Over the past few months, and despite restrictions on travel, we have successfully grown the global network with four new partners. While the November signing of the Belgium National Lottery was addressed in our Q3 report, we closed out the year with the addition of JVH Gaming and Entertainment in December. JVH is the largest private casino group in the Netherlands, a country we expect to introduce a new regulatory framework later this year.
In recent weeks, we have signed partnership agreements with Racing and Wagering Western Australia and Argentinian casino operator Casino Magic and we look forward to launching with all our new partners in the coming months. While there is understandably great attention given to the promise of the US market, this quartet of partnerships, spread across three continents, underlines the exciting opportunities that lie in other corners of the world and cements Kambi’s position as the global market leader.
In summary, it’s been a year that’s shown that when working together, we can find the right responses to the toughest of challenges. The Kambi model is based on partnership, on sharing, on working together with our partners to ensure they have the best chance of success. The model was undoubtedly stress-tested in 2020 but it passed with flying colours, leaving me more excited than ever about Kambi’s future.”
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Kambi Group plc and LeoVegas Group sign Turnkey Sportsbook extension and new Odds Feed+ agreement
Turnkey Sportsbook partnership extended until end of 2027 as LeoVegas Group continues gradual migration to in-house sportsbook, which now has access to Kambi’s premium Odds Feed+ solution
Kambi Group plc, the home of premium sports betting solutions, and LeoVegas Group have signed a multi-year Turnkey Sportsbook partnership extension, alongside a new agreement for Kambi’s cutting-edge Odds Feed+ product.
The Turnkey Sportsbook partnership will now run for an additional two years, through to the end of 2027, during which time LeoVegas will continue its migration to its proprietary sportsbook platform. In addition, LeoVegas and its stable of brands — LeoVegas, BetMGM, BetUK and expekt — has secured access to Kambi’s Odds Feed+, the industry’s premium odds feed solution. LeoVegas can now complement its in-house offering by selecting from Kambi’s full library of traded odds, which are delivered via a single API.
The Odds Feed+ agreement is set to run beyond 2027, enabling Kambi and LeoVegas to continue to build upon a partnership first formed in 2016.
Werner Becher, CEO of Kambi, said: “Our valued partnership with LeoVegas dates back almost 10 years and we are proud of the success we have achieved together. While we look forward to another two years of Turnkey provision, it speaks to the quality of our trading capabilities that LeoVegas also secured access to our Odds Feed+ solution, taking our partnership into a new phase.”
The post Kambi Group plc and LeoVegas Group sign Turnkey Sportsbook extension and new Odds Feed+ agreement appeared first on European Gaming Industry News.
Leading online casino operator Slots Temple has added established iGaming developer NetGaming to its ever-growing list of partners. Per the deal, NetGaming’s range of innovative online slot games will now be available for Slots Temple players.
NetGaming is a well-established content provider, best known for its range of Zeus-themed slots and games, which include Zeus’s Thunderbolt 5,000, Zeus’s Thunderbolt Plinko, and Zeus’s Thunderbolt.
Other hit titles in the studio’s catalogue include Shamrock Trio: Hold and Respin, Fireball Inferno Tiki, and Leprechaun’s Loot. The studio’s titles are defined by their creative designs and innovative gameplay mechanics.
NetGaming was launched in 2019 and has proven itself to be a huge hit among players, working alongside some of the biggest operators in the industry and establishing a global presence.
Slots Temple has established itself as a unique operator within the iGaming industry. The company began as an affiliate site before obtaining a license from the United Kingdom Gambling Commission to offer real-money slot games and tournaments.
In the time since, it has established itself as one of the most innovative operators on the market, putting an emphasis on tournaments and player communities. The site collaborates with some of the industry’s leading developers. This new partnership with NetGaming will further solidify its position as a leading player-centric operator, ensuring it provides players with a diverse and exciting games catalogue.
Fraser Linkleter, CEO at Slots Temple said: Our players always demand the best online casino games on the market, and by adding another innovative developer like NetGaming to our list of partners, we can ensure that we meet that demand.
NetGaming is a company that we have respected for a long time, and we have no doubt their products are going to be a huge hit with our players.”
Pallavi Deshmukh, CEO at NetGaming, said: ‘NetGaming is delighted to work alongside an established name like Slots Temple. Both companies strongly believe in the importance of providing top-quality online gaming experiences to customers, and we cannot wait to see how Slot Temple’s dedicated player base reacts to our games.”
The post Slots Temple Goes Live with NetGaming to Expand Games Portfolio appeared first on European Gaming Industry News.
They just can’t leave humans alone, can they? Brute Force: Alien Onslaught reunites the original Brute Force members… with a surprise addition. Joshua and Jason have recruited the help of Jade, a fearless mercenary, who doesn’t know defeat. This game joins the ranks of signature Nolimit City slots like Fire In The Hole 3, Highway To Hell and most recently Flight Mode. It’s time to lock and load, once again!
Unlike the prequel, Brute Force: Alien Onslaught features a 6 reel setup, wilds and a new baddie, Xylox, who can steal multipliers from Joshua, Jason and Jade. It’s going to be a battle of the ages but who will reign supreme?
A new challenge brings new features. When a Wild Symbol appears, it randomly transforms all low paying symbols on the reels into mid paying symbols, opening up more opportunities to connect. xNudge® makes another appearance similar to Brute Force, but with some small tweaks:
- Joshua xNudge® Wild – Each Nudge increases the win multiplier by +1 with the maximum multiplier value reaching up to 7x
- Jason xNudge® Wild – Each Nudge increases the win multiplier by +2 with the maximum multiplier value reaching up to 15x
- Jade xNudge® Wild – Each Nudge increases the win multiplier by +5 with the maximum multiplier value reaching up to 40x
- Xylox xNudge® Wild – Each Nudge increases the win multiplier by +1 and when he lands for the first time, he collects multiplier values from Joshua, Jason and Jade xNudge® Wilds. If he becomes sticky then he will continue collecting multipliers from non-sticky Joshua, Jason and Jade xNudge® Wilds.
The xNudge® Meter will summarise the overall xNudge® Multiplier values on the winning symbol.
REDemption Spins
No matter how hard you fight they just keep coming! Landing 3 Scatter symbols, including at least 2 red Scatters, will trigger 10 REDemption Spins where:
- Xylox xNudge® Wild will always be sticky when he lands.
- Joshua xNudge® Wild will be missing in action.
BLU Genesis Spins
There is always a glimmer of hope when you fight for good. Landing 3 Scatter symbols, including at least 2 blue Scatters, will trigger 10 BLU Genesis Spins where:
- Joshua, Jason and Jade xNudge® Wilds may become sticky when they land.
- Xylox xNudge® Wild will always be sticky when he lands.
Super REDemption Spins
Xylox has the upper hand with his swarms. Landing 4 Scatter symbols, including at least 3 red Scatters, will trigger 10 Super REDemption Spins where:
- Xylox xNudge® Wild will always be sticky when he lands
- Joshua and Jason xNudge® Wilds will be missing in action.
Super BLU Genesis Spins
Not everything is doom and gloom. Landing 4 Scatter symbols, including at least 3 blue Scatters, will trigger 10 Super BLU Genesis Spins where:
- Joshua, Jason and Jade xNudge® Wilds may become sticky.
- A sticky Joshua xNudge® Wild will always land on the first spins and will remain sticky throughout.
- Xylox xNudge® Wild will always be sticky when it lands.
Stellar Punishment Spins
It’s time to face the final boss himself. Landing 2 red and 2 blue Scatters will trigger 10 Stellar Punishment Spins where:
- Jade xNudge® Wild may become sticky when it lands.
- Jade xNudge® Wild will always land on the first spins and remains sticky throughout.
- Xylox xNudge® Wild will always be sticky when he lands.
- Joshua and Jason xNudge® Wilds are missing in action.
There are a plethora of Nolimit Boosters to keep you in the fight and with the upper hand.
xBoost 1 – Guaranteed Scatter symbol on reel 2
xBoost 2 – Guaranteed 2 Scatter symbols on reel 2 and 3
1 Guaranteed xNudge® xBoost – Guaranteed a minimum of 1 xNudge® Wild
2 Guaranteed xNudge® xBoost – Guaranteed a minimum of 2 xNudge® Wilds
3 Guaranteed xNudge® xBoost – Guaranteed a minimum of 3 xNudge® Wilds
4 Guaranteed xNudge® xBoost – Guaranteed a minimum of 4 xNudge® Wilds
5 Guaranteed xNudge® xBoost – Guaranteed a minimum of 5 xNudge® Wilds
The maximum payout of Brute Force: Alien Onslaught is 80,000x the base bet. Brute Force: Alien Onslaught is rated as “Extremely Volatile” delivering the thrilling high-stakes gameplay that Nolimit City fans know and love.
Per Lindheimer, Head of Product at Nolimit City, said: “There’s nothing we love more than alien invasions. We were blown away by the reception of the first Brute Force so of course, we had to make a sequel. More reels, a new bad guy and Wilds that make this game something to be reckoned with!”‘Brute Force: Alien Onslaught’ will be available to all Nolimit City partners on July 8th, 2025.
The post Nolimit City braces for another invasion in Brute Force: Alien Onslaught appeared first on European Gaming Industry News.
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