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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.”

Baltic Tech Week

HIPTHER Baltics Announces Riga Event and Strategic Partnership with LexLegas

Published

37 minutes ago

January 19, 2026

Wladimir P.

hipther-baltics-announces-riga-event-and-strategic-partnership-with-lexlegas

HIPTHER is thrilled to reveal Lex Legas as a Strategic Partner for the HIPTHER Baltics conference series, which includes Vilnius, Riga, and Tallinn. The collaboration incorporates LexLegas’s extensive knowledge in cross-border regulation, compliance, and high-risk legal structures into the targeted Baltic series.

Updated Date for Riga – Baltic Tech Week
The date for the Riga conference has been officially updated to 11 May 2026 (instead of the previously stated 12 May). The conference will remain the inaugural event of Baltic Tech Week in Riga.
After a robust debut set for 21 April 2026 in Vilnius, and prior to the Tallinn edition later in the series, HIPTHER Baltics: Riga strengthens HIPTHER’s dedication to locally anchored, high-quality discussions throughout the Baltic region, uniting regulatory, legal, fintech, and gaming participants around the most significant issues.

A Tactical Alignment: Lex Legas
Lex Legas is a specialized legal consultancy and research-oriented legal brand focusing on iGaming, fintech, payments, AML/CTF, and international regulatory frameworks, emphasizing Baltic, EU, and high-risk regions.
Integrating practical legal experience with regulatory investigation and strategic guidance, Lex Legas collaborates closely with operators, payment processors, software vendors, and international advisors engaged in regulated and semi-regulated sectors. Their expertise spans:

iGaming & betting regulation (EU & non-EU jurisdictions)
AML/CTF frameworks, risk assessments, and compliance structuring
Payment solutions, PSP integrations, and fintech regulatory analysis
Licensing, corporate structuring, and operational legal support
Regulatory trends, enforcement practices, and supervisory expectations
Cross-border legal risk management for high-risk business models

Lex Legas functions where law, compliance, business strategy, and technology converge, transforming intricate regulatory demands into practical, business-focused solutions. The company assembles a new wave of attorneys from the high-risk arena, known for addressing intricate regulatory and operational issues where conventional methods fail.

“At Lex Legas, we work daily at the intersection of regulation, technology, and high-risk business models, exactly where today’s iGaming, fintech, and payments industries are being shaped.

HIPTHER Baltics stands out as a rare platform that goes beyond surface-level discussions and creates space for real, jurisdiction-specific conversations around compliance, licensing, player protection, and operational risk.

Partnering with HIPTHER for the Baltics series feels like a natural extension of our mission: translating complex regulatory frameworks into practical, business-ready solutions. We’re excited to contribute our research-driven perspective and hands-on experience to the dialogue in Vilnius, Riga, and Tallinn, and to help shape meaningful cross-border discussions across the region in 2026” – The Legal Experts of “Lex Legas” Team

HIPTHER Baltics 2026 – Three Capitals, One Vision

The HIPTHER Baltics series brings HIPTHER’s signature focus on regulation, compliance, fintech, and innovation to the heart of the Baltic region through three targeted, one-day conferences each hosted in a Baltic capital and built around locally-relevant themes with regional and cross-border impact.

“HIPTHER Baltics is built as a focused conference series for the region — not just a one-off event. From Vilnius to Riga and Tallinn, our goal is to create a high-level platform where regulators, legal experts, fintech leaders, and gaming stakeholders can connect around the real topics shaping the market: compliance, licensing, payments, player protection, and cross-border operations.

That’s why partnering with Lex Legas feels like a perfect match. Their research-driven approach and hands-on expertise in iGaming, fintech, and regulatory frameworks across the Baltics and beyond brings exactly the depth and clarity we want to deliver through the entire series. We’re proud to welcome them as a Strategic Partner and look forward to building meaningful, practical conversations together in 2026.” — Zoltan “Hawkie” Tundik, Co-Founder & Head of Business, HIPTHER

More information & tickets: https://hipther.com/events/baltics/

The post HIPTHER Baltics Announces Riga Event and Strategic Partnership with LexLegas appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.

BTG

BTG’s Monopoly Rush Hour gets exclusive Gamesys launch ahead of global release

Published

37 minutes ago

January 19, 2026

Wladimir P.

btg’s-monopoly-rush-hour-gets-exclusive-gamesys-launch-ahead-of-global-release

Are you ready for Monopoly Rush Hour? Mr Monopoly is back and revving up the roads in the latest release from Big Time Gaming.

Monopoly Rush Hour will go live exclusively with Gamesys brands on 19 January, before going on global release on 03 February 2026.

Monopoly Rush Hour sees players step into the fast lane, where each spin begins with each Token starting on the four corners of the board while Houses and Hotels are randomly distributed across the board.

Every Token can randomly boost its Multipliers up to a massive 500x.

Tokens spring into action wherever dice symbols appear on the Hat, Boat, Car or Dog – the dice roll determines how far each Token moves and for every three spaces travelled, the Token’s Multiplier climbs by +1.

If a Token lands on a space with a House or a Hotel, players win a Prize – these are Multiplied by the stake and the Tokens Multiplier.

This being Monopoly, there are Chance and Community Chest Card Bonuses in play. If as Token lands on either, one of the following outcomes is revealed:

Move to a random position
Move three spaces forward
Move three spaces backward
Award a Prize Bonus (multiplied by the Token’s multiplier)
Trigger Free Spins

With the Free Spins, players get an initial 12 Free Games plus six Extra Spins for every additional trigger. During Free Spins, Token positions and Multipliers persist, keeping the momentum building.

Hit the Water Works or the Electric Company and players scoop up an Instant Prize worth the Token Multiplier times the stake. Landing on Train Stations means retriggers, awarding 1, 3, 7 or 15 Extra Spins when 1, 2, 3 or 4 Tokens land there.

During Free Spins, Tokens that land on Chance or Community Chest reveal cards with one of three powerful Boosts. This includes:

Advance 2-12 spaces ahead
Increase the Multiplier meter by 2-12 steps
Add 2-12 Houses to the board

What’s more, when every property is upgraded to a Hotel, the excitement peaks as each Token’s Multiplier gets a huge +50 to +250 boost.

If players want to supercharge the action, they can tap the Power Play icon – this guarantees a dice roll and costs 8x the stake. For those who can’t wait to pass GO, tap the Bonus Buy icon and head straight to 12 Free Spins for 110x the stake.

Nik Robinson, CEO of Big Time Gaming, said: “Monopoly Rush Hour is our latest Monopoly branded game, offering high speed action with plenty of Multipliers, Free Spins and big wins on the board.

“We are thrilled to see players at Gamesys casinos be the first to step onto the board ahead of the game’s global general release.

“This is a true Big Time Gaming slot – a big brand combined with striking visuals, compelling game play, extreme volatility and massive win potential.”

The post BTG’s Monopoly Rush Hour gets exclusive Gamesys launch ahead of global release appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.

AI

Primero Games Uses XGENIA for Their First AI-Generated Slot Game

Published

37 minutes ago

January 19, 2026

Wladimir P.

primero-games-uses-xgenia-for-their-first-ai-generated-slot-game

XGENIA, the creator-first AI platform revolutionising game development, and Primero Games, a leader in retail and online gaming solutions, today announced a landmark collaboration that brings to life Primero’s first AI-generated slot game: Blackbeard Bounty. Developed entirely using the XGENIA platform, the game will debut — fully playable — at ICE Barcelona 2026, showcased at Stand 2Y22, where XGENIA is co-exhibiting alongside Storm Games, a UK-based studio acquired by Primero in 2022.

This partnership marks a significant milestone in Primero Games’ strategy to expand aggressively into the digital iGaming market by leveraging cutting-edge tools that reduce development cycles and maximize creative output.

“With XGENIA, we didn’t just speed up development — we completely reimagined the process,” said Barry Rutherford, CEO of Primero Games. “Our new AI-built slot is more than a game — it’s a statement about how we’re blending tradition with technology to lead the next wave of interactive content. ICE Barcelona is the perfect stage to launch it.”

XGENIA’s AI-native platform allows studios like Storm Games and operators like Primero to build production-ready slot games using drag-and-drop workflows, AI-generated logic, and instant deployment tools — all without traditional coding.

“We built XGENIA for creators who move fast,” said Mark Flores Martin, CEO of XGENIA. “Primero Games immediately understood the vision. Their team saw that with AI-first tools, they could go from concept to playable slot in days — not months. That kind of alignment is exactly why this partnership works.”

Building on the 2022 acquisition of Storm Games — a move that brought UK development expertise and creative IP into Primero’s portfolio — this collaboration uses XGENIA’s latest features to bring Blackbeard Bounty to life, complete with AI-driven animation, compliance-ready maths, and backend logic.