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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”.
$75K Win on Mobile Slot @ CafeCasino -
Café Casino’s mobile slot, Achilles, paid out in a big way over the weekend. A player from Pennsylvania, Rob J., triggered the game’s free spins mode by landing three scatters.
2017 Punta Cana Poker Classic Results -
The 2017 Punta Cana Poker Classic is now in the books and players are returning home after a week-long poker celebration. And after a major final table deal, two players have the most reason to celebrate. Roberto Carvallo ultimately won the tournament after negotiating a final table deal with Jamin Stokes.
NHL Odds: Winnipeg Jets vs. Minnesota Wild -
Blake Wheeler and the Winnipeg Jets will attempt to get two points closer to the Central Division lead on Tuesday, as they take on the Minnesota Wild on the road. The Jets have started strong, and sit in second place in their division. Led by RW Blake Wheeler, the Jets look like a team that could make some noise in the West this season.
Historic weekend at Americas CardRoom -
ACR ran two $1,000,000 guaranteed tournaments last Sunday for the first time in their history; a $2,100 high roller for the BOSS Main Event and a $540 buy-in Million Dollar Sunday. They were both on the last day of the $14 Million OSS Cub3d.
WPN Affiliates Headed to Berlin Affiliate Conference -
With the Berlin Affiliate Conference just over a week away, WPN Affiliates is making a bold statement. The online poker affiliate network announced that they are eager to buy traffic and ready to make deals with affiliates looking to capitalize on some big innovations.
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