Kambi is hurt from the players’ winnings

8 Apr 2017

KambiThe first quarter of the year 2017 has not been really friendly to Kambi, due to the many player-friendly outcomes in football matches especially. The governance of Stockholm Nasdaq-listed Kambi Group Plc updated the market, stating that its Q1 2017 operating margin has been impacted by those outcomes in a huge way and especially from the outcomes of the 26th of February. On this day, eleven highly backed favourites won their respective football matches. Moreover, a large number of bets were accumulators, containing those matches, as the platform provider told at their update to the market.

Kambi expects to have a sportsbook revenue of 5.9%, or in real money and this means €14.2 million for the first quarter 2017, which is significantly lower than expected and for sure lower that the equivalent quarters of the previous years. The firm is going to publish its full first quarter of 2017 results on the 26th of April and this is when it is going to be known if the major stakeholders have been impacted from this situation.

10,000+ have already benefited from Bookmakers.bet

Register to our newsletter and be the first to get our exclusive bonuses and promotions. Fill in your name & email and stay tuned on the latest offers and the new bookmakers in your country.

I agree with the terms of use.

BOOK SPY

The federal states of Germany have reached an initial agreement regarding the establishment of a new draft interstate treaty on the regulation of all ...

Read more »

The UK Gambling Commission has announced that it will ban the use of credit cards on all gambling activities taking place in Great Britain from 14 Apr...

Read more »

Betsson is paying out early on Liverpool FC to be crowned the 2019-20 Premier League champion, since the Reds sit 14 points clear atop the table with ...

Read more »

The new draft law on online gambling, that was initially submitted to the Hellenic Parliament on October 9, 2019, has been eventually submitted to the...

Read more »

The Swedish bookmaker Betsson has taken a 75% stake of Suaposta, which is one of the first betting brands to ever operate in Brazil. The Stockholm-bas...

Read more »

The gross gambling yield (GGY) of the British gambling industry decreased 0.3% year-on-year for the period between April 2018 and March 2019, amountin...

Read more »

The gaming group Soft2Bet, which is based in Malta, is getting ready to start its operations within the well-regulated Swedish gambling market; since ...

Read more »

Online sports betting operators in France enjoyed significant quarterly revenue growth for Q3 2019 compared to the revenue generated during the same p...

Read more »

Bet-at-home AG has announced that it bolstered its commercial status and its revenue, in spite of the €11.5 million Austrian tax burden that was impos...

Read more »

LeoVegas has restored its five-year Swedish gambling license, since it managed to win its appeal against the country’s gaming regulator Spelinspektion...

Read more »