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Kambi Group plc Q1 Report 2021
Financial summary
- Revenue amounted to €43.2 (Q1 2020: 27.9) million for the first quarter of 2021, an increase of 55%
- Operating profit (EBIT) for the first quarter of 2021 was €18.7 (6.8) million, an increase of 173%, at a margin of 43.2% (24.5%)
- Profit after tax amounted to €15.1 (4.8) million for the first quarter of 2021
- Earnings per share for the first quarter of 2021 were €0.487 (0.156)
- Cash flow from operating and investing activities (excluding working capital movements) amounted to €16.5 (4.1) million for the first quarter of 2021
Key highlights
- Operator turnover index exceeded 1,000 mark for first time, equating to a x10 growth since Kambi’s first quarter post-listing in 2014
- Strong revenue growth of 55% year-on-year at an operator trading margin of 8.5%
- Continued US expansion with launches across a number of jurisdictions including Michigan, Illinois, Virginia and Arkansas – the latter became the 14th state in which Kambi provides regulated sports betting
- Strengthened global network through new partnerships with Racing & Wagering Western Australia and Casino Magic, extended partnership with Napoleon Sports & Casino
“I’m pleased to report the exceptional performance we produced during the latter part of last year has continued into 2021, with significant growth across a range of KPIs including operator turnover, revenue and operating margin. We also continued our impressive commercial momentum with new partner signings and extensions in key target markets. The operator turnover index surpassed 1,000 for the first time after a record quarter which saw operator turnover more than double year-on-year, with the caveat of the final fortnight of Q1 2020 impacted by COVID-19. This strong performance was driven by a busy sporting calendar, including the end of the NFL season and the March Madness college basketball tournament, and more than compensated for the planned migration of a large proportion of 888’s business off the Kambi sportsbook in January.
Revenue growth was also exceptionally strong at 55%, with operator trading margin of 8.5% for the quarter. The business was once again able to demonstrate its scalability with an operating margin of 43%, which was particularly pleasing to see in a quarter played out in an environment more reflective of the pre-pandemic landscape, as we transition back to something more akin to normality.
From a commercial perspective, and as detailed in our previous report, we signed new partnerships with Racing & Wagering Western Australia (RWWA) and Casino Magic. Within weeks of signing with Casino Magic, our sportsbook was live in Neuquén, Argentina, strengthening our position in the promising South American market, while we continue to work with RWWA on the transition of its existing business to Kambi from its current provider. In addition to signing two new partners, it was great to strengthen our partnership with Napoleon Sports & Casino, and we look forward to building further on this long-term relationship in the years to come.
As ever, the quarter saw Kambi continue to support the expansion of partners across the globe, averaging a partner launch every week throughout the reporting period. In addition to the launch of Casino Magic, we supported US-facing partners in states including Michigan, Virginia, Illinois and Arkansas, with the latter becoming the 14th state in which Kambi is live and generating revenue. Although I’ve said it before, it’s worth repeating our market-leading excellence and reliability in the areas of integrations and launches, often working closely with regulators to ensure our partners are first or among the first to go live.
Regulation in the US continues to move at pace, with progress seen in a variety of states in recent weeks and months, perhaps most notably in New York, where the state has committed to adding online sports betting to its existing retail market. As the first company to process a regulated sports bet in New York, we’re of course monitoring the developing situation there closely and look forward to the publication of further details concerning the licensing framework in due course.
In the meantime, our teams are busy preparing for what will be a special summer of sports, with major events such as the delayed Euro 2020, Copa America and Olympic Games, as well as the return of annual summer tournaments including Wimbledon and The Open. In addition, this year should see a full MLB season played out, with a high volume of games to be played throughout the summer months. As always, our partners will have a first class offering across all sports and competitions, and as sports fans we have a lot to look forward to.”
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Amusnet
Amusnet Releases “Bier O’Meter Dice”
Amusnet has released Bier O’Meter Dice, a cheerful slot that captures the spirit of classic beer festivals in a colourful and entertaining format. Filled with traditional dice symbols, foaming beer glasses and celebratory flair, this 5-reel, 30 fixed paylines experience delivers a festive vibe where every spin feels like a toast to good fortune.
The reels are packed with vibrant icons reflecting the charm of beer-hall traditions and joyful gatherings. Landing three Scatter symbols unlocks the Free Spins feature, where the celebration truly begins. During Free Spins, players can encounter the Expanding Wild on the 2nd, 3rd and 4th reels, boosting winning potential and adding extra excitement to each round.
The Wild becomes even more rewarding during Free Spins thanks to the Wild & Wild Respin feature. When it lands, it can trigger up to three Respins, extending the action and creating more chances for festive rewards.
The fun continues with the signature Bier-O-Meter dispenser. By collecting Wild Biers throughout gameplay, players gradually fill the meter and earn a Lucky Bier Wheel Spin. This special feature offers the chance to win a multiplier of up to 100x, adding an extra burst of anticipation to the celebration. For those eager to jump straight into the wheel action, the Lucky Bier Wheel can also be purchased for immediate access.
With its lively theme, energetic features, and engaging mechanics, Bier O’Meter Dice brings the joy of a Bavarian festival straight to the reels. Raise a glass, spin the dice, and celebrate every win in true festive style.
Expanding Wild
The Wild symbol appears on the second, third and fourth reels and substitutes for all other symbols except for the Scatter. During the Free Spins mode, it expands on all positions of the reel and stays this way until the end of the spin.
Free Spins
If the player lands a winning combination with 3 Scatters, they can play 10 Free Spins.
Wild & Wild Respin Feature
During the Free Spins, 1, 2 or 3 Wild symbols on 2nd, 3rd and 4th reels award a Respin. If a new Wild symbol lands on the remaining reels, the player is awarded another Respin. Up to 3 Respins are possible.
Bier-O-Meter Feature
Bier-O-Meter is a bier dispenser located on the side of the slot screen. During the Main Game, only Wild symbols that are part of a winning line can fill up the Bier-O-Meter. During the Free Spins, all Wild symbols fill up the meter. When the Bier-O-Meter is full, the player is awarded 1 Lucky Bier Wheel Spin.
Lucky Bier Wheel Spin
The Lucky Bier Wheel is divided into eight sectors. Two of them award 12x total bet of the game; two of them award 15x total bet of the game; and four of them award 10x, 25x, 50x and 100x total bet of the game.
Buy Lucky Bier Wheel Spin
During the Main Game, the Buy Lucky Bier Wheel feature enables the player to buy one Spin on the Lucky Bier Wheel. The feature costs 16x the total bet of the game.
Buy Free Spins
The Buy Free Spins feature enables the player to buy 10 Free Spins. The feature costs 100x the total bet of the game.
Gamble
Play the game and multiply the winnings through the Gamble Feature.
Jackpot Cards
The Jackpot Cards bonus game is triggered at random during the gameplay to allow players to win impressive jackpots.
The post Amusnet Releases “Bier O’Meter Dice” appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.
Kathryn CEO of Yeebet Live
QTech Games Joins Forces with Yeebet Live and REBEL Live to Broaden Live Casino Catalogue
Top aggregator collaborates with live-dealer experts to highlight its position as a premier one-stop destination for iGaming.
QTech Games, the top game aggregator for developing markets, has teamed up with live-casino pioneers Yeebet Live and its sibling brand REBEL Live, broadening its live-dealer selection and providing platform clients with a varied, culturally relevant collection of high-quality games.
The live-dealer sector is seeing worldwide expansion, with Yeebet Live and REBEL Live’s engaging digital table games showcasing this development. Their collective portfolio features classics like Baccarat, Blackjack, Roulette, Dragon Tiger, and Sic Bo, as well as regionally inspired games such as Hi-Lo, Andar Bahar, and Teen Patti. Offered in 17 languages with more on the horizon, these games cater to an international audience, incorporating multi-game perspectives, multi-camera technology, engaging dealer interactions, animations, sound effects, and more than 30 side bets for each table, delivering players a genuine online casino experience.
Yeebet Live and REBEL Live have teamed up with numerous live studios globally, merging their live-casino services into one integration and a cohesive user interface. This enables players to effortlessly transition between studios without needing to familiarize themselves with a new interface, boosting engagement and delivering a fluid, uninterrupted live gaming experience.
With this collaboration, QTech Games enhances its platform by providing a cutting-edge live-casino suite adapted to the varied preferences of its partners’ players. QTech’s platform, well-known for its extensive gaming selection, native mobile apps, strong reporting and marketing tools, and round-the-clock local-language support, now incorporates the vibrant live features of Yeebet Live and REBEL Live. This partnership boosts the global presence of Yeebet Live and REBEL Live, opening up new markets, especially in Africa, Latin America, and various developing areas.
Philip Doftvik, CEO of QTech Games, said: “Yeebet Live and REBEL Live are trailblazing providers, recognised for delivering immersive live-casino experiences. Their games, ranging from global classics to culturally inspired titles, now reach a broader audience through QTech Games’ agile platform, which offers the fastest integration in the market. By consolidating multiple live studios into a single interface, they also ensure that players enjoy a seamless experience, switching between games and studios without interruption.”
Kathryn, CEO of Yeebet Live, added: “We’re excited to see Yeebet Live and REBEL Live integrated into QTech Games’ expansive platform. Our mission has always been to deliver authentic, engaging live-player experiences, and through QTech, our games can now reach new audiences across emerging markets. By unifying multiple live studios under a single interface, we provide players with a smooth, continuous experience while expanding our global footprint beyond Asia.”
The post QTech Games Joins Forces with Yeebet Live and REBEL Live to Broaden Live Casino Catalogue appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.
BHA
BHA Appoints Brant Dunshea as its Chief Executive Officer
The British Horseracing Authority (BHA) has confirmed the permanent appointment of Brant Dunshea as its Chief Executive Officer.
Brant has been leading the BHA in an acting capacity since December 2024 following the departure of Julie Harrington.
He has held several senior positions at British racing’s governing and regulatory body since joining the organisation in March 2015, most recently as Chief Regulatory Officer prior to being appointed acting CEO.
The BHA board has also approved the appointment of David Jones as Interim Chair. This follows the resignation of Lord Charles Allen on Tuesday 3 March.
David assumes the role for a second time, having previously filled the position between Joe Saumarez Smith stepping down in January 2025 and Lord Allen formally joining the BHA in September of the same year.
He was appointed to the BHA Board in January 2021 as Senior Independent Director, with extensive experience of British racing and the regulation of the sport, including as a BHA steward for more than a decade.
Steps will now be taken to recruit a permanent BHA Chair.
David Jones, Interim Chair of the BHA, said: “While it is clearly regrettable that agreement could not be reached around governance reform, the sport’s leaders have recognised the need for change. I do believe this is possible, and we must all work to achieve it, in the interests of the sport and the livelihoods that depend on our industry.
“The process to recruit a permanent chair will commence shortly. My hope is that this can be achieved as quickly as possible.
“The BHA will continue to lead British racing with energy and integrity, and I am delighted that the Board has agreed to appoint Brant as the CEO.
“He has proven he is a dynamic and hugely respected leader, and I look forward to working closely with Brant, the Executive and the hard-working, dedicated team at the BHA during a significant year for the sport.”
Brant Dunshea, Chief Executive Officer of the BHA, said: “I am delighted to be appointed Chief Executive Officer of the BHA.
“It is no secret that the sport has experienced a challenging period as it faces up to the process of change at a governance level, but I want to be clear that this has not stopped the BHA and the industry making important progress to safeguard the long-term health of British racing.
“The past year has seen growth in racecourse attendances, the success of the Axe The Racing Tax campaign, major initiatives to ensure more horses are raced and retained on our shores and continued improvements in horse and human welfare.
“I know that the incredible team at the BHA shares my deep passion for our sport and is committed to securing a brighter and more sustainable future for our people and horses.
“It is a huge privilege to be given this opportunity to lead such a knowledgeable and dedicated team at a time of great opportunity for British racing.”
The post BHA Appoints Brant Dunshea as its Chief Executive Officer appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.
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