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Kambi Group plc Q4 Report 2021

Published

4 years ago

February 11, 2022

George Miller

Reading Time: 3 minutes

Financial summary

Revenue amounted to €34.9 (Q4 2020: 46.9) million for the fourth quarter of 2021, a decrease of 26%, and €162.4 (2020: 117.7) million for the period January to December, an increase of 38%

Operating profit (EBIT) for the fourth quarter of 2021 was €7.1 (22.2) million, at a margin of 20.2% (47.3%), and €57.0 (32.2) million, at a margin of 35.1% (27.4%) for the period January to December 2021

Profit after tax amounted to €6.1 (17.3) million for the fourth quarter of 2021 and €46.4 (24.1) million for the period January to December 2021

Earnings per share for the fourth quarter of 2021 were €0.198 (0.558) and €1.501 (0.781) for the period January to December 2021

Cash flow from operating and investing activities (excluding working capital movements and acquisitions) amounted to €4.8 (20.5) million for the fourth quarter of 2021 and €44.6 (28.7) million for the period January to December 2021

The 2022 AGM will be held on 17 May 2022. The Board proposes that no dividend is paid out.

Key highlights

Robust financial performance driven by market expansion and strong underlying network growth. When adjusting for the migration of 888 and DraftKings, and the impact from regulation in the Netherlands, operator turnover was up 38%

Received a mobile platform licence in New York, the most populous US state to regulate online sports betting thus far, and subsequently went live in Q1 2022

Expanded US partner network with the signings of omni-channel operator Affinity Interactive and tribal operators Desert Diamond Casinos and Saginaw Chippewa Gaming Enterprises

Completed 38 launches, including three additional US states – Connecticut, Louisiana and Maryland – and with new partners in Australia, the Bahamas and the Netherlands

Following close of quarter, extended long-term partnership with Kindred Group until 2026 and have ability to repay convertible bond held by Kindred

“The momentum we built in Q3 continued into Q4, helping us finish the year in fine fashion. This positivity has continued into the new year, most notably having recently extended our partnership with Kindred Group, which now runs for the next five years up until the end of 2026, providing us with additional financial strength. Separately, we also have the ability to repay the convertible bond held by Kindred, which when paid at a time of our discretion will provide us with complete freedom to make the right strategic decisions for Kambi’s future, which has never looked brighter.

Looking back at Q4, growth from the Americas continued to be a key driver of our performance. The Americas region was responsible for 58% of operator GGR and is set to increase further with additional markets to regulate and go live this year across Canada, the US, and South America.

One of the key quarterly highlights was the receipt of our licence in New York State, which since launching a few weeks ago has quickly grown to become the largest market in the country. Not only did Kambi secure one of the few licences on offer in New York, the bid we led as a primary applicant also achieved the highest score from the regulator following a competitive application process. Such an achievement is a real testament to Kambi’s reputation in the US and the quality, integrity, and reliability of our sports betting technology.

We signed three new partners in the US during Q4, including a multi-state partnership with US omni-channel operator Affinity Interactive, which operates casinos in three states and the Daily Racing Form, an iconic horse racing news brand. We followed these signings up after the quarter with a multi-state deal with MaximBet and a partnership in Canada with NorthStar Gaming, which is partnered with Torstar Corporation, one of the country’s largest news organisations.

In addition to North America, we made significant progress in Argentina, going live in both Buenos Aires City and Buenos Aires Province, while we also launched new partners in Australia and the Bahamas. Furthermore, in Europe we launched BetCity and JVH in the re-regulated Netherlands market and have been buoyed by the early performance. We are excited by prospects in the Netherlands, particularly once additional partners are awarded their licence in the coming months.

In summary, Q4 concluded a transformative year for Kambi and as we move into 2022, I am confident the business has never been better positioned for the future. The prospect of further regulation and additional partner signings across the globe is positive and we are firmly established as the go-to provider for the global sports betting market. I look forward to building on our successes this year and beyond to the benefit of both our partners and shareholders alike.”

Danske Spil

S Gaming lands in Denmark with Danske Spil

Published

45 minutes ago

February 2, 2026

Wladimir P.

s-gaming-lands-in-denmark-with-danske-spil

S Gaming, the sustainable provider of high entertainment slot games for casual players, has entered the Danish market for the first time via a breakthrough partnership with tier one operator, Danske Spil.

Under the deal, one of S Gaming’s most popular slots – Triple 777 Jackpot has now launched to players at Danske Spil Casino, which is powered by Entain.

Denmark promises to be a successful market for S Gaming, whose slots have been developed with a fun-first ethos, with a focus on striking design and where the bonus features are always visible on screen to really ramp up the anticipation of each spin.

Danske Spil players that favour more traditional slot machines can take on Triple 777 Jackpot, a modern twist on the classic 777 theme with plenty of neon action.

The Triple 777 feature is always on screen to build anticipation, but is locked until a spin lands three Bonus 777 symbols. This unlocks the feature with on spin awarded, giving players a shot at the 500x Jackpot prize.

Free Spins are also up for grabs with seven Free Games awarded when three Scatters land in the base game.

Charles Mott, CEO and Founder at S Gaming, said: “Making our move into Denmark with a tier one operator of the calibre of Danske Spil, and on an exclusive basis, is a strong signal as to how popular our games have become.

“Danske Spil is one of the top online casino brands in the country, having been the first to enter the regulated Danish market, and has since become a firm player favourite.

“Through S Gaming titles such as Triple 777 Jackpot, Danske Spil can excite and entertain its players like never before.

“S Gaming is all about fun and sustainability, and helping operators put players on the edge of their seats but in a way that’s responsible and sustainable.

“This is a big deal for S Gaming, but one that brings just as much value to Danske Spil, Entain and the players of Denmark.”

Simon Hoffmann Riis, Senior Partnerships & Insights Manager at Danske Spil added: “From day one, we have prioritised offering our players high-quality content from a wide range of providers, and this partnership with S Gaming is a clear reflection of that ambition.

“S Gaming stands out through its focus on sustainable entertainment, creating games that resonate strongly with casual players while still delivering engaging experiences for more seasoned audiences.

“The launch of Triple 777 Jackpot has delivered a very strong start, and we are excited about the potential ahead as we continue to develop the partnership and bring even more engaging experiences to our players together.”

The post S Gaming lands in Denmark with Danske Spil appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.

Australia

Finalists Announced for Inaugural Regulating the Game Global Awards Following Strong Global Engagement

Published

45 minutes ago

February 2, 2026

Wladimir P.

finalists-announced-for-inaugural-regulating-the-game-global-awards-following-strong-global-engagement

Regulating the Game has today announced the finalists for the inaugural RTG Global Awards, following an exceptional level of interest, nominations and engagement in the first year of the program.

The Global Awards were established to recognise regulatory and sector leadership, stewardship, and excellence across gambling policy and regulation, safer gambling, compliance, technology, and community outcomes – acknowledging the role these disciplines play in underpinning integrity, public confidence, and sustainable sector development. The breadth and quality of submissions received in the inaugural year has confirmed a strong appetite for recognition that is rigorous, independent, and grounded in demonstrable, real-world impact.

Among the finalists confirmed this year are a number of individuals and organisations recognised for leadership and impact within their respective categories, including Dr Eugenia Chidhakwa (Lotteries and Gaming Board, Zimbabwe), Rob Annable (Picklebet) and Duncan Garvie (BetBlocker) for community impact; Dominic Monti (Wests Illawarra), Nathan Hinde (PointsBet) and Sue Pemberton (Parramatta Leagues Club) for compliance excellence; Michael Simone (Bankstown District Sports Club) and Vicki Le (Cabravale Club Resort) as emerging leaders; Chris Dimou (Parramatta Leagues Club), Gaming Laboratories International and Danny Munk (Wests Illawarra) for leadership voice; and CherryHub and KONAMI Australia recognised in the RegTech category as well as Crown PlaySafe, Parq Casino and The Star Entertainment Group for safer gambling champion.

Finalists have now been confirmed across all six categories. The full list of finalists will be available on the Regulating the Game Global Awards website.

Finalists were shortlisted across six award categories following independent assessment by a judging panel comprising senior leaders with deep expertise spanning regulation, law, integrity, governance and responsible gambling:

Don Hammond, Chief Executive Officer, Leagues Clubs Australia
Jamie Nettleton, Former President, International Masters of Gaming Law and Partner, Addisons
Khalid Ali, Chief Executive Officer, International Betting Integrity Association (IBIA)
Tracy Parker, Senior Vice-President – Accreditation, Advisory and Insights, Responsible Gambling Council (Canada)

The composition of the panel reflects the cross-sector perspective required to assess excellence in a complex and increasingly scrutinised regulatory environment, bringing together domestic and international insight across public policy, legal frameworks, integrity assurance and harm prevention.

RTG Founder and Principal at Vanguard Overwatch, Paul Newson, said the inaugural Global Awards reflected a growing appetite for recognition grounded in substance and sector contribution:

“The response to the first year of the Global Awards shows there is a clear place for recognition that goes beyond profile or promotion. These Awards are about surfacing leadership and stewardship – the people, organisations and solutions that are lifting standards, shaping practice and contributing to better sector and community outcomes.”

“The independence and calibre of the judging panel has been central to that credibility.”

The RTG Global Awards Gala Dinner will be held as a flagship networking event within the Regulating the Game program. Tickets are available separately, enabling colleagues, finalist teams, and sector stakeholders who may not be attending the full conference to join the Awards evening. Further information on conference registration and Global Awards Gala Dinner tickets is available via the Regulating the Game website.

The post Finalists Announced for Inaugural Regulating the Game Global Awards Following Strong Global Engagement appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.

Juan Lozano Commercial Manager at Spadegaming

Spadegaming joins QTech Games to enhance its premium suite

Published

45 minutes ago

February 2, 2026

Wladimir P.

spadegaming-joins-qtech-games-to-enhance-its-premium-suite

QTech Games, the top game aggregator for all emerging markets, has signed a new partnership with Spadegaming, allowing its platform clients to gain access to an additional diverse catalogue.

As a prominent entity in the igaming sector, Spadegaming is known for providing a diverse range of content – led by its collection of fish-shooter games. These games showcase a fresh array of high-stakes surprises and fluctuations across the volatility spectrum, now included in a progressive portfolio offered to QTech Games and its clients.

Spadegaming’s high-quality content collection, showcasing engaging digital games, now aligns perfectly with other innovative studios like Evolution and TaDa Gaming, offering QTech partners and their players an unmatched selection of culturally diverse slots.

The deal naturally expands Spadegaming’s global presence, focusing on emerging markets from Africa to Latin America, and generating new revenue sources. In recent years, QTech has emerged as the quickest-growing aggregator in expanding markets, providing the most comprehensive gaming portfolio tailored to each area, featuring native mobile applications, robust reporting and marketing tools, along with round-the-clock support in local languages.

Juan Lozano, Commercial Manager at Spadegaming, said: “Holding the Malta Gaming Authority (MGA) license for nearly ten years, and being one of the first Asiatic companies to do so, means our products and services are well established in the gaming industry. Entering into this agreement with QTech Games tracks our core strategy to fully leverage our reach, as we look forward to seeing how new audiences embrace our content.”

Philip Doftvik, QTech Games’ CEO, added: “It’s another ringing endorsement for our platform to have integrated more premium content from Spadegaming. They’re a dynamic supplier that offers some exciting localised games, above all in the fish-shooting category which has long reigned supreme in Eastern markets. With their signature features and high-octane gameplay, we’re now confident of taking this portfolio into new markets, continuing to raise the bar and shape a fresh experience for global players. We can’t wait to see how these games perform across a range of untapped markets which, in many cases, break new ground for Spadegaming.”

The post Spadegaming joins QTech Games to enhance its premium suite appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.