Kambi looks forward following strong commercial gains in Q2 2017

first_img Related Articles StumbleUpon Kambi takes full control of LeoVegas sportsbook portfolio August 26, 2020 Presenting its Q2 2017  corporate performance, Nordic Nasdaq-listed Kambi Group Plc has detailed a “successful trading period” in which the company has strengthened its commercial pipeline with new platform partnerships.As previously noted by Kambi governance severe operating margin declines have impacted Nordic Nasdaq-listed sports betting platform supplier Kambi Group Plc’s Q2 2017 corporate performance.Despite maintaining improved group revenues of €14.1 million, up 3% on corresponding 2016’s €13.7 million, Kambi would report operating profits of €300,000 (Q1 2016: €2 million).A positive Kambi governance would point to improved platform performance recorded during the period which saw a ‘solid 16% operator turnover growth year-on-year, despite tough comparisons’.Updating investors, the company detailed that its group operating margin had declined to 2% (Q1 2016:14%, in what has become a tough six month opening to 2017Closing its Q2 2017, Kambi governance would declare a profit after tax of €100,000 (Q2 2016: €1.8 million).Kambi leadership acknowledged the contract gains and investments made during the quarter which will lead to  ‘long-term’ commercial growth. The technology firm highlighted that it was able to renew its 888Sport lead platform supplier contract. The renegotiation had seen Kambi record a ‘€1 million effect on revenues for the first six months of 2017’.Furthermore, during the period Kambi continued to grow its commercial pipeline, having further secured a Latin America supplier contract with Corredor Empresarial in Colombia.Looking forward Kambi CEO Kristian Nylén stated “I am pleased to report that Q2 was a successful trading period for Kambi. Not only has the day-to-day performance of the business remained strong, but Kambi has managed to further strengthen its foundations for future growth.We are very pleased to have secured a multi-year extension with one of our key customers, 888sport. We believe the longer term benefit from securing 888sport for years to come, far outweighs the shorter term impact the re-negotiation has on our financial results. Together we have enjoyed a very successful partnership, with 888sport having seen a near 500% increase in sports betting revenues since switching to Kambi in 2013.I am also delighted that Corredor Empresarial has chosen Kambi as its trusted partner for the launch of a Sportsbook in its home market of Colombia. We believe this deal will lead to significant business opportunities for both parties.Kambi identified Corredor Empresarial as a key strategic partner in Colombia. With its vast retail reach of more than 25,000 outlets, as well as its new BetPlay online brand, we believe Corredor Empresarial has the potential to become the country’s number one sports betting operator.Together with Grupo Televisa in Mexico, Kambi has managed to secure two major players in the two largest regulated Latin American markets, which not only speaks to the strength and scalability of the Kambi Sportsbook, but also places us in a strong position to win further customers in the region.” Share Submit Kambi and DraftKings agree on final closure terms July 24, 2020 Kambi takes control of Churchill Downs BetAmerica sportsbook August 28, 2020 Sharelast_img read more

Egg Scramble Kids enjoy annual hunt on Easter Sunday in Camas

first_imgCAMAS — It took dozens of people hours to stuff and place the Easter eggs around Camas’ Crown Park, along with weeks of prep work ahead of time.And how long does it take the hundreds of children at the city’s annual Easter egg hunt to pick the park clean?“Less than five minutes,” said Cassidy Hines of the Camas Parks and Recreation Department, one of the organizers.A couple of thousand people showed up at the park Sunday afternoon. The hunt, in its 28th year, requires a few days to set up, not including the preparation earlier in the year.Local Boy Scouts and students at the Washington State School for the Blind stuffed more than 10,000 eggs in a couple of hours. There were more than more than 14,000 eggs set out at the park, Hines said, all split by age group into different search areas.If you’ve ever seen insects swarm, watching the kids descend on the eggs is kind of like that, she said.“The kids seem to love it. … I think the parents just think it’s hilarious,” she said. “Once we say ‘Go,’ it’s pretty crazy.”Chris and Erica Herington came with their 9-year-old, Jack, and 6-year-old, Molly.It was the family’s first year at the annual hunt, and the two kids said they had a good haul.Erica Herington said she’d been working in Camas for some time, but the family only moved there in June. They brought the kids to a public Easter egg event, one in Sun River, Ore., two years ago, but it’s dwarfed by Camas’ event, Erica said.last_img read more