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Kambi Group plc Q1 Report 2021

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Kambi Group plc Q1 Report 2021
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Financial summary

  • Revenue amounted to €43.2 (Q1 2020: 27.9) million for the first quarter of 2021, an increase of 55%
  • Operating profit (EBIT) for the first quarter of 2021 was €18.7 (6.8) million, an increase of 173%, at a margin of 43.2% (24.5%)
  • Profit after tax amounted to €15.1 (4.8) million for the first quarter of 2021
  • Earnings per share for the first quarter of 2021 were €0.487 (0.156)
  • Cash flow from operating and investing activities (excluding working capital movements) amounted to €16.5 (4.1) million for the first quarter of 2021

Key highlights

  • Operator turnover index exceeded 1,000 mark for first time, equating to a x10 growth since Kambi’s first quarter post-listing in 2014
  • Strong revenue growth of 55% year-on-year at an operator trading margin of 8.5%
  • Continued US expansion with launches across a number of jurisdictions including Michigan, Illinois, Virginia and Arkansas – the latter became the 14th state in which Kambi provides regulated sports betting

“I’m pleased to report the exceptional performance we produced during the latter part of last year has continued into 2021, with significant growth across a range of KPIs including operator turnover, revenue and operating margin. We also continued our impressive commercial momentum with new partner signings and extensions in key target markets. The operator turnover index surpassed 1,000 for the first time after a record quarter which saw operator turnover more than double year-on-year, with the caveat of the final fortnight of Q1 2020 impacted by COVID-19. This strong performance was driven by a busy sporting calendar, including the end of the NFL season and the March Madness college basketball tournament, and more than compensated for the planned migration of a large proportion of 888’s business off the Kambi sportsbook in January.

Revenue growth was also exceptionally strong at 55%, with operator trading margin of 8.5% for the quarter. The business was once again able to demonstrate its scalability with an operating margin of 43%, which was particularly pleasing to see in a quarter played out in an environment more reflective of the pre-pandemic landscape, as we transition back to something more akin to normality.

From a commercial perspective, and as detailed in our previous report, we signed new partnerships with Racing & Wagering Western Australia (RWWA) and Casino Magic. Within weeks of signing with Casino Magic, our sportsbook was live in Neuquén, Argentina, strengthening our position in the promising South American market, while we continue to work with RWWA on the transition of its existing business to Kambi from its current provider. In addition to signing two new partners, it was great to strengthen our partnership with Napoleon Sports & Casino, and we look forward to building further on this long-term relationship in the years to come.

As ever, the quarter saw Kambi continue to support the expansion of partners across the globe, averaging a partner launch every week throughout the reporting period. In addition to the launch of Casino Magic, we supported US-facing partners in states including Michigan, Virginia, Illinois and Arkansas, with the latter becoming the 14th state in which Kambi is live and generating revenue. Although I’ve said it before, it’s worth repeating our market-leading excellence and reliability in the areas of integrations and launches, often working closely with regulators to ensure our partners are first or among the first to go live.

Regulation in the US continues to move at pace, with progress seen in a variety of states in recent weeks and months, perhaps most notably in New York, where the state has committed to adding online sports betting to its existing retail market. As the first company to process a regulated sports bet in New York, we’re of course monitoring the developing situation there closely and look forward to the publication of further details concerning the licensing framework in due course.

In the meantime, our teams are busy preparing for what will be a special summer of sports, with major events such as the delayed Euro 2020, Copa America and Olympic Games, as well as the return of annual summer tournaments including Wimbledon and The Open. In addition, this year should see a full MLB season played out, with a high volume of games to be played throughout the summer months. As always, our partners will have a first class offering across all sports and competitions, and as sports fans we have a lot to look forward to.”

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Best Strategies to Win at Online Games

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Best Strategies to Win at Online Games
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Reading Time: 3 minutes

 

Casino games serve as a form of entertainment for many people. Players see the games as a way to enjoy themselves and make money. However, no matter how exciting the games are, the end goal of playing will always be to win.

Winning in a casino game isn’t a walk in the park – if it were easy to win, almost everyone would be playing. Before playing games, there are important things to know and strategies to increase one’s chances of winning.

If you’re playing online roulette, for instance, there are some things you need to know. Firstly, you have to understand the game and the rules. If you don’t understand the rules of the game, you’re already setting yourself up to lose and ruin your playing experience.

This article will highlight some strategies you can start using to win casino games. You should find the strategies useful, even if you’re an expert.

 

What are the Best Strategies To Win at Online Casino Games?

However, before learning strategies, the most important thing to know/do before visiting an online casino website to play any game is to understand the basic rules of each game. Playing a game you don’t understand is like dashing out your money to the casino house.

Most online casinos have online resources where you can learn the basics, or you could do a simple Google or YouTube search.

After learning the basics of any casino game, the following are some strategies you can use to increase your winning chances:

 

1. Play Games with Low House Edges

Target games with a lower house edge. Those games are Blackjack, Craps, and Baccarat. An edge means the odd percentage. A casino has a higher edge when its odds are better than yours, while a lower edge means you have a huge chance of winning as long as you play the opposite game type.

Slot games have a high house edge, so you might want to avoid them if you don’t have a lot of money. To increase your chance of winning, target games with a low edge.

 

2. Don’t Chase the Money You Lost

When you lose money while playing, don’t play to regain your losses. If you have that mindset, you might even lose more.

Learn to stop playing when your winning streak ends and get comfortable with the loss. Have a line you won’t cross with your budget, don’t spend more than a particular amount.

 

3. Learn Gambling Mathematics

Even if you’ve never heard it before, your knowledge of casino games isn’t complete without knowing some mathematics. Knowing what house edge and return to player (RTP) percentage mean is key to placing a great bet and winning.

 

4. Learn How to Predict Losses

Every professional gambler knows how to predict losses. To predict your loss, you’d need to know the return to player (RTP) percentage, the number of bets you want, the house edge, and the average size of each bet.

To get your house edge, you’ll subtract your RTP  percentage from 100. Then to calculate the loss, use the following formula:

Loss = House edge percentage x number of bets x average size of each bet.

Your answer to the math would be your average loss estimate.

 

5. Use Your Reward and Bonuses

When offered any bonus, don’t turn them down; always accept them, as they lower the house edge. Accept and use your player rewards, bonuses, coupons, and other promotions when you’re offered.

 

6. Say No to Progressive Betting

There are a lot of progressive betting strategies, like the Fibonacci method and Martingale. These betting systems will require you to wage a huge amount after losing hands or rolls and even, in the end, win a little amount. You shouldn’t risk using such a method, as it can affect your budget if it doesn’t work out.

 

7. Choose a Winning Goal and Loss Limit

When you choose a winning goal, you set an amount that you would win and stop playing. If you set $200 as your win goal, you’ll stop playing as soon as you win $200. You should also set a loss limit. This is when you set the lowest amount to stop playing, so you won’t go on tilt.

 

Conclusion

Winning at casino games isn’t only tied to when you walk out with a profit. It could also be when you stop playing after reaching your limit or refuse to chase after a loss.

It’s better to leave and play another day than spend all your life savings chasing losses only to fail at it. This is why you need to develop the right strategies. The strategies provided above will set you up nicely to be a successful punter.

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Global Online Lottery Market Report 2022-2026 – Online Lottery Market Gets Lucky & Looks Forward to Incredible Growth

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Global Online Lottery Market Report 2022-2026 - Online Lottery Market Gets Lucky & Looks Forward to Incredible Growth
Reading Time: 3 minutes

 

Global Online Lottery Market to Reach $14.5 Billion by 2026

The global market for Online Lottery estimated at US$8.7 Billion in the year 2020, is projected to reach a revised size of US$14.5 Billion by 2026, growing at a CAGR of 8.7% over the analysis period.

Growth in the global market has skyrocketed in recent years owing to multiple favorable factors like technological advances, rising digitalization and increasing disposable incomes. Online lottery is poised to enjoy high demand due to increasing transition towards the online platform and the gamification trend.

Market growth is also propelled by increasing per capita income, growing number of dual-income households and rising interest and uptake among people. Providers of online lottery games are investing in digitalization and advanced technology to tap the lucrative opportunity. Various countries in Europe and Asia-Pacific have provided support to online sports lottery activities like soccer, golf, auto racing, football, baseball, basketball, boxing and hockey.

The support is anticipated to present new growth opportunities for the market. Another factor positively influencing growth is increasing popularity of social media as a result of extensive penetration of smartphones and the Internet. Holding fewer restrictions in comparison to conventional marketing approaches, social media is emerged as a popular platform for product promotions and advertising for online lottery providers.

Online Draw-based Lottery Games, one of the segments analyzed in the report, is projected to grow at a 8.6% CAGR to reach US$7.8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Online Sports Lotteries segment is readjusted to a revised 9.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $2.3 Billion in 2021, While Asia-Pacific is Forecast to Reach 4.1 Billion by 2026

The Online Lottery market in the U.S. is estimated at US$2.3 Billion in the year 2021. The country currently accounts for a 23.7% share in the global market. Asia-Pacific is forecast to reach an estimated market size of US$4.1 Billion in the year 2026 trailing a CAGR of 10.1% through the analysis period. Among the other noteworthy geographic markets are Europe and Canada, each forecast to grow at 8.2% and 7.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 8.3% CAGR.

By Platform Type, Desktop-Based Segment to Reach $7.5 Billion by 2026

The Desktop-based segment`s strong position can be credited to large content view, big screen and the quest to learn new technology. In the global Desktop-based (Platform Type) segment, USA, Canada and Europe will drive the 6.9% CAGR estimated for this segment.

These regional markets accounting for a combined market size of US$2.7 Billion in the year 2020 will reach a projected size of US$4.4 Billion by the close of the analysis period. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.2 Billion by the year 2026, while Latin America will expand at a 8.5% CAGR through the analysis period.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • COVID-19 Impact on Global Lottery Industry
  • Effect of the Pandemic Lockdown on Online Lottery Market
  • Massachusetts Lottery Faces Risk of Becoming Obsolete Amid COVID-19 Pandemic
  • Gambling Industry: A Prelude
  • Lottery: A Key Segment of Gambling Industry
  • Online Lottery: Riding High on the Top of Innovation
  • Global Market Prospects & Outlook: Online Lottery Market Gets Lucky & Looks Forward to Incredible Growth
  • Online Lottery: Gut Punch for Some & Perfect Heaven for Revenue Support for Others
  • Rising Significance of Online Lottery in the US
  • Drivers Helping Online Lottery Market Step Up to Solid Game
  • Key Concerns and Challenges
  • Adverse Public Opinion about Gambling: A Major Issue Affecting Lottery Industry Prospects
  • Analysis by Platform Type
  • Regional Analysis: Europe Enjoys Frontline Position in Global Online Lottery Market
  • Online Lottery Gains Ground in the US amid the Pandemic
  • Sales of Michigan iLottery Products Surge in Michigan
  • Probable Ban on Online Lottery in Florida
  • Competitive Scenario
  • Recent Market Activity

2. FOCUS ON SELECT PLAYERS (Total 58 Featured)

  • Annexio Limited
  • Camelot Group
  • International Game Technology PLC
  • Jackpot.com
  • Lotto Agent
  • Lotto Direct Ltd.
  • Lotto247
  • LottoKings
  • LottoSend
  • LottosOnline
  • Play UK Internet
  • WinTrillions

3. MARKET TRENDS & DRIVERS

  • Advantages of Online Lottery: Galvanizing Massive Demand
  • Online Lottery Emerges as Favorite Gambling Pastime with Lure of Big Jackpots
  • Positive Aspects of Legalized Gambling Enthuse Online Lottery Market
  • Market Prospects Strongly Influenced by Gambling Industry Trends
  • Gambling Apps Contribute to the Rising Popularity of Online Lottery
  • Evolving Role of Cryptocurrency Encourages Market Uptake
  • Widespread Availability of High-Speed Internet Stirs Market Growth
  • Smartphone Emerges as Popular Option for Participation in Online Lottery
  • Increased Emphasis on Digitalization Augurs Well
  • Blockchain Empowers Decentralized & Transparent Operations
  • Big Data Steps In to Augment Online Lottery Operations
  • IoT Emerges as a Reliable Tool to Transform Online Lottery Market
  • Virtual Reality Seeks Role in Online Lottery Domain
  • Issues & Challenges
  • Regulatory Emphasis on Online Gambling Cripples Momentum
  • Gambling Laws in Select Countries
  • Nation-Wide Bans Discourage Global Expansion
  • Cyberattacks: Red Hot Button Issue

4. GLOBAL MARKET PERSPECTIVE

III. REGIONAL MARKET ANALYSIS

IV. COMPETITION

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Rhino Entertainment has announced the arrival of John Cachia as Chief Commercial Officer

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Rhino Entertainment has announced the arrival of John Cachia as Chief Commercial Officer
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Cachia joins after nearly two years as CCO at betting giant William Hill and previous roles at Mr Green, including Director of Commercial and Gaming and Head of Commercial. He assumes his duties immediately.

Ross Parkhill, Chief Executive Officer of Rhino Entertainment, said: “It’s fantastic to have someone of John’s ilk join our ambitious group. He has lots of very valuable experience, and I’m sure he will help drive further growth and develop all aspects of our commercial operations.”

The move is part of a restructuring at the company, which also sees Kristina Murgovska take on the role of Chief Product Officer.

Murgovska has climbed the ranks quickly at Rhino Entertainment, moving from Head of Product to Director of Product Development in three years. Before joining Rhino Entertainment, she spent three years at Gaming Innovation Group – first as Senior Front End Developer and then as Product Owner.

“Kristina is one of the sharpest product minds in the business and I am delighted to see her talent recognised,” Parkhill added.

Rhino Entertainment specialises in iGaming solutions, supporting leading brands like Casino Days and Buusti Kasino with best in class product development, UI and UX design, and marketing strategies.

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