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Kambi Group plc Q1 Report 2023

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Financial summary

  • Revenue amounted to €44.0 (Q1 2022: 36.9) million for the first quarter of 2023
  • Operating profit (EBIT) for the first quarter of 2023 was €4.5 (7.3) million, at a margin of 10.3% (19.9%), which was impacted by certain non-recurring costs
  • EBITA (acq)* for the first quarter of 2023 was €5.8 (7.7) million, at a margin of 13.1% (20.8%)
  • Cash flow (excluding working capital and M&A) amounted to €3.2 (5.5) million for the first quarter of 2023
  • Earnings per share for the first quarter of 2023 were €0.107 (0.178)
  • The 2023 AGM will be held on 11 May 2023. The Board proposes that no dividend is paid out.
  • The Board of Directors decided on 19 January 2023 to adopt long-term financial targets in line with Kambi’s strategic vision

*EBITA (acq) = Earnings before interest, taxation and amortisation on acquired intangible assets


Key Q1 highlights

  • Operator turnover and revenue growth of 12% and 19% year-on-year respectively, driven by existing partners and launches into new US states
  • Partnership extensions signed with Rush Street Interactive and Corredor Empresarial S.A., two of Kambi’s most strategically important partners
  • Successful Super Bowl and March Madness tournament with increased player activity alongside unblemished service delivery
  • AI-driven algorithmic trading capability rolled out to major European soccer leagues and other key competitions leading to improved product and greater operational efficiencies

“The first quarter was another busy period for Kambi including new market launches in the Americas, the expansion of Kambi’s partner network and a full sporting calendar. These events helped drive a 12% year-on-year increase in operator turnover and a 19% rise in revenue to €44 million. EBITA (acq) was €5.8 million, impacted by a number of factors including foreign exchange movements and one-off costs to improve future efficiency.

The business hit several important commercial milestones in Q1 as we continue to make significant progress with the key growth drivers detailed at our Capital Markets Day earlier this year. Among these drivers is to extend key partnerships, and I was delighted to secure renewals during the quarter with two of our largest partners in Rush Street Interactive, one of the leading operators in the Americas, and BetPlay owner Corredor Empresarial S.A. which is the market leader in Colombia with plans to expand across Latin America.

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Latin America is a region of significant long-term potential for Kambi and will become increasingly integral as we look to extend our lead as the number one supplier across the Americas. Kambi already has a strong foothold in some of the region’s most established sports betting markets such as Colombia and Argentina, and recent public announcements from the Brazilian government show positive signs that regulation of sports betting in Brazil is edging nearer in what is projected to become one of the world’s largest regulated markets.

From a product perspective, Kambi’s expanding AI-driven trading capability is a core component of our vision to redefine what’s possible in sports betting. After a successful roll-out for the soccer World Cup in Q4, this industry-leading method of automated pricing, which blends machine learning with vast amounts of data, was extended to all top European domestic soccer leagues, as well as the Champions League and Europa League. As a result, we can now create more bet offers at a faster delivery speed than the rest of the market, as well as deliver a richer Bet Builder, leading to both a better product and greater efficiencies for the business.

In short, we remain steadfast in our commitment to setting a new standard for sports betting and to pioneer next generation entertainment that eliminates friction and creates new innovative betting options for operators. The road towards our long-term financial targets won’t be linear, but we are carefully putting in place the fundamentals which will enable us to accelerate as we progress. With a market-leading sportsbook that continues to remove product boundaries, a strong sales pipeline and the prospect of further regulation in key markets, I look forward to updating the market over the coming quarters.”

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Oddsgate released a new research study titled “The Future of iGaming in 2050”

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Anticipating the future is no longer a fictional exercise but a competitive advantage. With the launch of the study “Gate to 2050” about the future of iGaming, Oddsgate takes a decisive step toward a new level of strategic intelligence, reaffirming its role as a reference in innovation, trend analysis, and future scenario building for the industry.

Oddsgate selected the independent consultancy ALVA Research & Consulting for its expertise, which led to the development of this unprecedented study. ALVA is recognized for its work with organizations and leaders in building future scenarios and anticipating long-term transformations. It conducted an in-depth investigation structured to go beyond conventional forecasts.

The research began in the summer of 2024 and took shape during the SBC Summit Lisbon, where it was officially presented to the market in its initial phase. The process extended over several months, combining rigorous analysis, multiple methodologies, and contributions from specialists across different regions and sectors.

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The result is more than just a report. It is a strategic overview of the possible developments in the iGaming industry — including online betting, digital casinos, and gambling — over the next 25 years, offering analytical depth and provoking reflection on the sector’s future on a global scale.

 

A global and collaborative vision

The content results from a multifaceted methodology, including document analysis, desk research, 200 surveys conducted during SBC Lisbon, and interviews with 20 specialists in various sectors and regions worldwide. With voices from every continent, the study was designed to be truly global and cross-sectoral.

In addition, 21 transactional variables were analyzed, linking iGaming to transformations affecting other industries, ranging from geopolitical and technological changes to social, economic, and environmental factors. This was done with the goal of identifying the main drivers of change and creating a consistent and thought-provoking image of the future.

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The study’s approach follows three key steps: collecting signals and directions from the world, projecting a probable image for iGaming in 2050, and sharing this vision to inspire long-term decision-making and direction.

By diving into the megatrends that will shape the world in the coming decades, the report presents topics such as:

The role of artificial intelligence, blockchain, and extended reality (AR, VR, metaverse);

The growing personalization of platforms and use of predictive CRM;

The centrality of digital payments and cryptocurrencies;

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The advancement of digital security and data protection;

The urgency of sustainability and social responsibility in gaming.

These elements, combined with a forward-looking perspective, make this content essential for operators, regulators, and stakeholders who want to confidently navigate the sector’s future.

 

A milestone for the industry

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The study was presented for the first time during SBC Summit Rio in February 2025, where Oddsgate’s CMO, Wagner Fernandes, shared the project’s main takeaways.

He said, “This study is not limited to predicting the future of iGaming. It also serves as an invitation for reflection and action. We are entering a new era in which technology and responsibility intertwine to create safer and more innovative experiences. This material guides those who want to lead this transformation.”.

By turning knowledge into concrete direction and trends into actionable paths, Oddsgate consolidates its position as a reference in market intelligence for iGaming. It fosters meaningful connections among the industry’s key players and contributes to collective progress toward a more prepared and innovative sector.

The future has already begun and is available on the Oddsgate website, which invites the entire industry to look ahead with greater clarity, foresight, and ambition.

The post Oddsgate released a new research study titled “The Future of iGaming in 2050” appeared first on European Gaming Industry News.

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GAT Cartagena

GLOBE LINK™ Xtension: NOVOMATIC unveils the next evolution in Linked Progressives at GAT Cartagena

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Once again, GAT Cartagena will be the epicenter of the gaming industry in Latin America. NOVOMATIC is unveiling cutting-edge solutions designed to push the boundaries of entertainment in gaming venues. From April 28 to 30, the Hotel Las Américas will host the industry’s key players. As a major sponsor, NOVOMATIC will present innovations that elevate player engagement, optimize operational performance, and drive profitability.

Leading the lineup is GLOBE LINK™ Xtension Volume 2, NOVOMATIC’s latest Linked Progressive series, engineered to intensify excitement with every spin. Making its grand debut is the RUBY PACKAGE, a premium combination of GLOBE LINK™ Xtension Volume 2 and the BLACK EDITION II 1.49J cabinet. This powerful duo enhances gameplay with striking aesthetics and innovative features like Golden Spins, Expanding Reels, and the Xpress Feature, delivering instant immersion. The package includes five captivating titles designed to maximize engagement: Golden Chicago™ XLSavanna Heat™Sugar Bliss™Thunder Reign™, and Tiki Crush™, each offering a unique narrative and gameplay that takes the thrill to the next level.

On top of that, NOVOMATIC introduces the OBSIDIAN PACKAGE, a high-impact gaming solution that pairs the IMPERA LINK™ Series 2 jackpot with the BLACK EDITION II 3.27 cabinet for operators looking for additional options. This setup is designed to deliver premium experience, featuring top- performing games and a progressive jackpot system that ensures engaging gameplay and optimized profitability for gaming venues.

Attendees will also get an exclusive preview of other proven Linked Progressives, such as SUPERIA GOLDEN LINK™ Volume 2, available in the BLACK EDITION II 3.32, and NOVOLINE™ GOLDEN LINK™ Edition 2, featured in the MASTER SL™ 3.32 cabinet. In the multi-game segment, NOVOMATIC will showcase the acclaimed NOVOLINE™ Interactive Edition X4 and Impera Line™ HD 9, integrated into the versatile PANTHER 2.27 cabinets, reaffirming the company’s innovation and premium entertainment leadership.

“NOVOMATIC’s Linked Progressive Jackpots have proven their success in Latin America’s most prestigious gaming venues, becoming a benchmark for performance among our customers. Now, we are expanding this successful category with GLOBE LINK™ Xtension Volume 2, featuring the BLACK EDITION II 1.49J cabinet in the exclusive RUBY PACKAGE. With this innovative offering, we are taking the player experience to new heights while providing operators with high-performance tools to maximize their results,” says Manuel Del Sol, Managing Director of NOVOMATIC Gaming Colombia.

These solutions are designed to help operators attract more players, optimize profitability, and deliver unparalleled gaming experiences. At GAT Cartagena 2025, industry professionals will have the opportunity to experience firsthand how these innovations can transform their business and elevate their entertainment offerings. See you at GAT Expo at booth #A25!

The post GLOBE LINK™ Xtension: NOVOMATIC unveils the next evolution in Linked Progressives at GAT Cartagena appeared first on Gaming and Gambling Industry in the Americas.

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Ivan Montik Founder of SOFTSWISS

SOFTSWISS and Rubens Barrichello Extend Strategic Collaboration in Latin America

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SOFTSWISS, a global technology company and leader in iGaming software solutions, announces the extension of its strategic collaboration with legendary Formula One driver Rubens Barrichello, who will continue in his role as Non-Executive Director in Latin America.

This renewed agreement builds on a successful first year of collaboration, which has become a cornerstone of SOFTSWISS’ positioning across Latin America and beyond based on shared values of partnership and cultural connection.

Since April 2024, Barrichello has served as an authentic voice for SOFTSWISS at key industry and business events, both across Latin America and internationally. His role has gone far beyond traditional brand endorsement, encompassing leadership visibility, market engagement, and relationship-building with clients and communities.

Over the past year, Barrichello has played a pivotal role in reinforcing SOFTSWISS’ growth, hosting high-level partner engagements that combine cultural relevance with exclusive experiences. His voice was also central to the company’s response to the devastating floods in Rio Grande do Sul. Through the Help Brazil initiative, Barrichello assisted in amplifying calls for support and raising awareness around the urgent need for action. What began as an emergency relief effort evolved into a commitment to clean water access – a deeply personal initiative for him and SOFTSWISS, grounded in empathy and solidarity with affected communities.

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In addition, Barrichello participated as a speaker at the SOFTSWISS Excellence Talks series, where he shared his unique expertise with the company’s global team. 

“Rubens brings an unmatched level of authenticity, integrity, and passion to everything he does,” says Ivan Montik, Founder of SOFTSWISS. “Over time, he has become a true friend. His presence within our team has helped us connect with Latin American partners, clients, and audiences on a deeper level – not only as a brand but as a long-term, responsible partner in the region.”

“I’m proud to continue this journey with SOFTSWISS,” says Rubens Barrichello. “Our first year together has shown how shared values can translate into meaningful impact – for business, regional markets and local communities. I look forward to helping take this partnership even further.”

As part of the renewed collaboration, Barrichello will continue supporting SOFTSWISS in strategic market growth, high-level representation, and cultural localization. His most recent appearance was a keynote speech during the opening day of SiGMA Americas 2025 in São Paulo – one of the most important iGaming events in the region.

 

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About SOFTSWISS

SOFTSWISS is an international technology company with over 15 years of experience developing innovative solutions for the iGaming industry. SOFTSWISS holds a number of gaming licences and provides comprehensive software for managing iGaming projects. The company’s product portfolio includes the Online Casino Platform, the Game Aggregator with over 27,800 casino games, the Affilka Affiliate Platform, the Sportsbook Software and the Jackpot Aggregator. The expert team counts over 2,000 employees.

The post SOFTSWISS and Rubens Barrichello Extend Strategic Collaboration in Latin America appeared first on Gaming and Gambling Industry in the Americas.

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