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Kambi Group plc Q4 Report 2021
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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QTech Games Strengthens Its Platform Offering Through Pixmove
Emerging-markets leader enhances its extensive collection with thrilling new dynamic portfolio.
QTech Games, the top game aggregator for emerging markets, has revealed its newest provider collaboration with Pixmove, giving its platform clients entry to an additional diverse instant-win games collection – featuring classic slots and contemporary interactive experiences.
Notable titles in the Pixmove collection are:
- Proven Global Hits: Including the fan-favorites King Thimbles, Fox Job and Chick N’ Run.
- Established Titles: Los Enamorados, Cyber Snack, Foodtruck, La Mafia, and Yokai-Hunter.
- Latest Releases: Monkey Tap and Slots Creek, which are already proven to elevate gameplay and online dwell-time for both new and seasoned players.
For Pixmove, this forward-thinking collaboration provides access to QTech Games’ broad range, enhancing visibility and player interaction worldwide while revealing unexplored markets in Asia, Africa, Eastern Europe, and Latin America for varied expansion. Due to this swift integration, Pixmove’s instant-win offerings are now reaching new audiences, enhancing brand loyalty and expanding the brand’s influence in the competitive iGaming market.
As the leading aggregator for emerging markets, QTech’s platform features the widest gaming portfolio available, tailored for each region, equipped with native mobile applications, robust reporting and marketing tools, and round-the-clock local-language assistance. Integrating this constantly changing production line highlights QTech Games’ varied selection of gaming choices, creating a clear one-stop destination that has rapidly turned into the preferred solution for global operators in emerging markets.
Severin Vervald, CPO at Pixmove, said: “This partnership strikes another significant step in expanding our global footprint and strengthening our position across more emerging markets than ever before via QTech. Our progressive portfolio features a wide array of games, from classic slots to modern, interactive experiences. Each game is crafted with meticulous attention to detail. And by harnessing the latest advances in tech, we ensure our games are fair, transparent and secure, with a smooth and uninterrupted gaming experience accessible across all devices.”
Philip Doftvik, CEO at QTech Games, said: “With innovative content like their quick-fire games, Pixmove was an obvious value-add to our platform. These games are a perfect fit for players seeking fast and fun action. Together, we will continue to raise the bar and shape a new experience for global players. We can’t wait to track how these games perform across a range of untapped markets which, in many cases, represent new territory for Pixmove.
“This multi-faceted suite will help any partner deliver a complete brand experience that players enjoy and return to, driving deeper engagement and reliable revenue opportunities.”
The post QTech Games Strengthens Its Platform Offering Through Pixmove appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.
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Spinomenal Debuts Magical Genie — 3×3 Hold & Hit Adventure
Spinomenal, a premier iGaming content creator, has unveiled its newest enchanting journey, Magical Genie – Hold & Hit 3×3.
Nestled within the grand structure of an exquisite Arabian palace, Magical Genie – Hold & Hit 3×3 immerses players in a realm of age-old enchantment and hidden treasures. The 3×3 reels are enclosed in an elaborate golden frame, encircled by gem-studded arches and gently illuminating lanterns, as a captivating, exotic melody enchants from the initial spin.
The Golden Palace Symbol serves as the Wild symbol, replacing all other symbols except for Bonus and Bonus Collect. Magical Genie – Hold & Hit 3×3 features two unique bonus symbols. The Bonus appears solely on reels one and three, whereas Bonus Collect exclusively appears on reel two.
The Bonus Game starts when a Bonus Collect symbol appears on reel two together with the Bonus symbol on reels one and three. The symbols that activated the feature remain fixed in position. Only Bonus and Bonus Collect icons can show up on the reels in the Bonus Game, which begins with three spins. Besides the potential to activate jackpots during gameplay, every spin provides an opportunity to earn multipliers of x1, x2, x5, x7, x10, and x15.
When a Bonus symbol appears, the Bonus Collect symbol gathers it, contributing to the ongoing total. Every Bonus Symbol or Bonus Collect symbol resets the spin counter to three. The round concludes after three unsuccessful spins or when the total accrued winnings hit the maximum x5000 multiplier.
While playing, Grand, Major, Minor, and Mini in-game jackpot icons can appear and promptly grant the corresponding jackpot.
The Bonus Blast Feature can randomly activate, introducing additional Bonus and Bonus Collect symbols to the reels to assist in triggering the Bonus Game.
Even if a Bonus Collect symbol does not trigger the Bonus Game when appearing with one or more Bonus symbols, including Jackpot symbols within the game, it still gathers their values and directly contributes them to the overall win.
Spinomenal CO-CEO, Omer Henya commented: Magical Genie – Hold & Hit 3×3 brings the timeless appeal of Arabian folklore to life in a way that only Spinomenal can. The Hold & Hit mechanics, the beautiful graphics, and the four jackpot levels all work together to make something truly special: a game where every spin feels like one wish closer to the genie granting it all.”
The post Spinomenal Debuts Magical Genie — 3×3 Hold & Hit Adventure appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.
Bagelmania
Bagelmania Backroom Comedy night lineup announced for Thursday, Feb. 26
The iconic Jewish delicatessen Siegel’s Bagelmania has announced the comedic line up that will leave guests “laughing their bagels off” at the next Bagelmania Backroom Comedy night on Thursday, Feb. 26.
Hosted monthly by Las Vegas-based and nationally touring comedian couple Noah Gardenswartz and Ester Steinberg, the event Thursday night will welcome Chris Clarke as the headliner along with acclaimed comics Kristeen Von Hagen, Gabe Quire and Lauren Rochelle.
Clarke, known as a high-energy and imaginative comedian, now tours the country with veteran comedian Rob Schneider. He also has amassed more than 40 million views on his popular YouTube channel “Csnacks,” where he tastes food and snacks from the front seat of his car. His hilarious and unique way of describing different flavors led to national commercials for Checkers and Rally’s, a one-hour special on the Cooking Channel titled Baby Got Snack, and an appearance as a food critic judge on Beat Bobby Flay.
Siegel’s Bagelmania will offer a special Backroom Comedy menu of its signature delicatessen cuisine as well as a full bar so guests can enjoy great comedy, dinner, and drinks in a unique, relaxed setting.
The Bagelmania Backroom is open to attendees 18 and older. Doors open for drinks and dinner at 7 p.m. Show time is 8 p.m. Tickets for Bagelmania Backroom are on sale for $20 online at https://siegelsbagelmania.com/backroomcomedy/ and will be sold at the door while supply lasts.
The post Bagelmania Backroom Comedy night lineup announced for Thursday, Feb. 26 appeared first on Americas iGaming & Sports Betting News.
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