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Kambi Group plc Q4 Report 2021

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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.”

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Navigating South Africa’s 2026 iGaming Shakeup

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Following a landmark Supreme Court of Appeal (SCA) ruling and aggressive new directives from the National Gambling Board (NGB), the South African online gambling landscape has experienced its most dramatic shift in a decade. With local bookmakers now strictly barred from offering fixed-odds bets on casino games like roulette, a widespread regulatory “grey area” has been abruptly closed off. For thousands of South African players, this means their go-to platforms are rapidly changing, leaving a wave of confusion in their wake.

In response to this severe market disruption, SouthAfricanCasinos.co.za, the country’s leading independent casino review portal, has released a comprehensive 2026 guide. This resource is designed to help players navigate the transition, identify secure offshore platforms, and safely test new digital environments without financial risk.

The End of the Sportsbook “Grey Area”

The October 2025 SCA ruling clarified that, under provincial gambling acts, it is strictly unlawful for sports betting operators to offer casino-style games disguised as fixed-odds contingencies. The NGB has since doubled down in early 2026, issuing formal notices to Provincial Licensing Authorities to clamp down on the use of Remote Gambling Servers (RGS) for unauthorised casino games.

“The days of playing roulette or blackjack on your local sports betting app are coming to a hard stop,” a spokesperson for SouthAfricanCasinos.co.za stated. “Regulators are actively cleaning house. While this ensures operators stick to their licensed verticals, it forces casino enthusiasts to seek out dedicated, internationally licensed platforms that cater securely to the South African market. Our priority right now is ensuring players don’t end up on rogue, unregulated sites out of desperation.”

Testing Unfamiliar Platforms with a No Deposit Bonus

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The single most effective tool for navigating this transition safely is the no deposit bonus. By claiming this specific promotion, players are credited with bonus funds simply for registering and verifying a new account. This acts as a risk-free sandbox environment. It allows South Africans to fully experience the mechanics of a new casino, test the responsiveness of the platform on their mobile devices, and verify that the site seamlessly handles Rand transactions. It also provides an opportunity to interact with the customer support team to gauge their helpfulness before making a financial commitment.

Maximising Value and Exploring Game Libraries with Free Spins

While live table games were the primary target of the recent legal disputes, digital real moeny slot games remain a massive draw for the South African audience. To safely explore the thousands of slot variations available on dedicated casino platforms, SouthAfricanCasinos.co.za highlights the strategic use of free spins.

These promotional spins allow players to test out the latest titles from top-tier global software providers without dipping into their bankroll. It provides a highly effective, risk-free method to understand a specific game’s volatility, explore its bonus round mechanics, and observe its payout frequency.

Understanding Bonus Terms and Wagering Requirements

While promotional offers provide excellent testing grounds, SouthAfricanCasinos.co.za urges players to understand the mechanics behind them. A no deposit bonus or a package of free spins is rarely just “free money”; they are subject to specific terms and conditions designed to protect the casino.

The most critical factor to look for is the wagering requirement (or playthrough requirement), which dictates how many times a player must bet the bonus amount before they can withdraw any associated winnings. SouthAfricanCasinos.co.za actively screens and highlights platforms that offer transparent, realistic wagering requirements and fair maximum cash-out limits, ensuring players have a genuine chance of converting their promotional play into real-world funds.

The Importance of Localised Payment Gateways

As players move away from local bookmakers, finding international casinos that accommodate the South African banking system is paramount. Many offshore sites lack the infrastructure to process local currency seamlessly, leading to high conversion fees and delayed payouts.

SouthAfricanCasinos.co.za specifically targets and recommends platforms that not only accept the South African Rand but also integrate trusted local payment gateways. This includes support for SID Instant EFT, traditional bank transfers via major SA banks (like FNB, Standard Bank, and Capitec), and popular e-wallets. Ensuring these systems are in place guarantees that players can deposit and withdraw their funds securely, rapidly, and without hidden conversion costs.

About SouthAfricanCasinos.co.za (SAC)

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A Commitment to Player Security in 2026

As the NGB continues to enforce strict compliance across the country, the separation between sports betting and casino gaming will only grow wider. SouthAfricanCasinos.co.za remains committed to continuously auditing the market, updating its recommended lists daily to reflect the safest, most lucrative, and most transparent platforms available to local players during this period of industry upheaval.

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The post Navigating South Africa’s 2026 iGaming Shakeup appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.

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Yaspa and Paysecure Launch Advanced Payments Intelligence for Payment Providers

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Paysecure, a top global payment orchestration platform, and Yaspa, a prominent fintech focused on payments and identity solutions, have announced a strategic partnership today to introduce genuine intelligence to the payments market.

Utilizing Paysecure’s AI-driven routing and comprehensive transaction analysis alongside Yaspa’s Smart Payments, operators can minimize fraud and enhance the payment experience for users through a single platform, helping to maintain and expand their customer base.

Yaspa’s Intelligent Payments represents the peak of payment processing innovation, combining immediate bank-to-bank transfers with real-time data insights. Utilizing open banking infrastructure, the solution enables companies to execute Pay by Bank transactions that settle immediately while also extracting profound insights from the user’s financial habits. Unlike conventional payment gateways that merely facilitate money transfer, Yaspa’s platform transforms each transaction into an opportunity for identity verification, assessment of financial health, and risk evaluation. By connecting real-time bank information with AI-driven analytics, the platform delivers an all-encompassing perspective on a customer’s financial status and legitimacy at the precise moment a transaction occurs.

Paysecure is an advanced payment orchestration platform that allows businesses to enhance each phase of the payment process using AI-driven smart routing, real-time insights, and worldwide connectivity. Its sophisticated data and intelligence features examine payment trends and performance, delivering actionable insights that assist merchants in customizing the payment experience, enhancing customer retention, and optimizing revenue opportunities.

This collaboration will utilize the shared data and insights from both solutions to provide more intelligent and efficient payment experiences. By becoming part of Paysecure’s ecosystem, Yaspa’s open banking and PSP solutions can be activated via a single integration, providing merchants with access to account-to-account payments and a worldwide marketplace of providers. Collectively, the solutions utilize AI-generated insights regarding spending trends, currency, offers, fraud, and performance, allowing merchants to protect the experience and optimize the potential of each transaction.

Yaspa’s Chief Revenue Officer, Justin Fraser, said: “This integration and partnership with Paysecure is a genuinely game-changing moment in the payments industry. Never before have operators had this level of intelligence and data from a third party payments solution at their fingertips. We look forward to working closely with the Paysecure team.”

Mike Peplow, Chief Operating Officer at Paysecure, said: “The intelligence data we collect drives our AI analysis enabling real time decisions on routing, payment method and fraud management. Working with Yaspa not only provides a best in class open banking, but delivers access to account information that further enhances our ability to optimise payment selection, actively lower transaction risk and personalise the end customer experience. The partnership with Yaspa unites two data driven platforms to proactively support merchants transform their customer journey, offer more payment choice and better manage the transaction workflow.”

Paysecure was recently honored as the best newcomer at the Card and Payment Awards 2026. This came after the recent declaration of Paysecure’s fivefold rise in the number of merchants utilizing its technology. Its orchestration platform currently links merchants to more than 500 PSPs/acquirers and various alternative payment methods globally.

Yaspa was recently recognized by Sifted as the fourth fastest-growing start-up in the UK and Ireland. In the past year, it won the Real-Time Payments Innovation award at the 2025 Payments Awards and was included in CB Insights’ Top 100 Fintechs, a worldwide list that highlights the most innovative and promising companies influencing the future of financial services.

The post Yaspa and Paysecure Launch Advanced Payments Intelligence for Payment Providers appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.

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Central Register for Exclusion from Gambling

KSA Publishes Studies and Provides Guidance on the Duty of Care

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The Dutch Gambling Regulator (KSA) has published two studies and provided additional guidance on the fulfillment of the duty of care by online gambling licensees. The documents provide insight into practice and offer clarification on personal interviews and the submission of notifications for registration in the Central Register for Exclusion from Gambling (Cruks).

The KSA conducted research into these topics in 2025. The results were discussed in December 2025 during a roundtable discussion with license holders. During this discussion, practical experiences and bottlenecks were gathered. Based on this, the KSA has drawn up guidelines to provide more clarity regarding implementation.

Personal maintenance

The personal interview is a far-reaching intervention that license holders are required to implement when there is a suspicion of excessive gambling behaviour or gambling addiction. Research shows that license holders implement this differently and encounter bottlenecks, such as a low response rate from players. The guidance explains, among other things, the timing of the intervention, the form of contact and the content of the conversation. In doing so, room remains for customisation and professional judgment.

Notices

If a license holder observes serious signs of problematic gambling behaviour or suspects a gambling addiction, the player must be advised to register with Cruks. If the player does not follow this advice, the license holder must report this to the KSA (a notification). The KSA may subsequently decide to involuntarily register the player in Cruks.

The research shows that license holders apply this measure differently and that there are questions in practice regarding its implementation. For example, it is difficult for the license holder to verify whether a player has actually registered, and it is not always clear when a notification must be submitted.

The guidance provides practical explanation regarding this, including the timing of reporting and the information required.

Guidelines

The guidelines do not contain new rules, but provide further explanation regarding the application of existing obligations. This gives permit holders more clarity regarding the fulfillment of their duty of care.

The post KSA Publishes Studies and Provides Guidance on the Duty of Care appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.

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