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Tough Q4 for
KAMBI FY REPORT IMPACTED BY TOUGH FOURTH QUARTER
With player-friendly results and an increase in gaming taxes.
B2B sports betting service provider Kambi Group’s full year results were negatively impacted by punter-friendly sporting results and an increase in gaming taxes during the company’s fourth fiscal quarter.
Key performance highlights for the full year period ending December 31, 2016 include:
- Revenue of Euro 56.0 million (2015: Euro 47.7 million), an increase of 17 percent.
- Operating profit (EBIT) was Euro 8.8 million (2015: Euro 7.4 million) with a margin of 16 percent (2015: 16 percent).
- Profit after tax was Euro 7.5 million (2015: Euro 6.2 million).
- Earnings per share were Euro 0.253 (2015: Euro 0.208).
- Cash flow from operating and investing activities (excluding working capital) amounted to Euro 4.1 (2015: Euro 6.2 million).
Kristian Nylén, chief executive officer of Kambi reiterated the underlying strength in Kambi’s operational performance, saying he was pleased Kambi operators had reported solid increases in turnover, even when compared to a strong Q4 2015.
“We will continue to invest in our world class Sportsbook offering, to maintain our position as the highest quality service in the market, in an evolving market landscape”.
Oink Country Love Slot Launches -
Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.
Tim Chung Wins MPNPT Manchester -
The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.
MPNPT Manchester Day 2 -
Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!
3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
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