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Kambi Group founder offloads large portion of his shareholding
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The value of individual shares in Maltese online wagering technologies innovator Kambi Group dropped by almost 4.16% earlier today to approximately $54.93 following news that the firm’s founder had offloaded a significant slice of his shareholding. The Valletta-headquartered firm used an official Thursday press release to declare that the move from Anders Strom (pictured) saw 2.2% of its shareholding offloaded ‘to Swedish and international institutional investors’ courtesy of ‘an accelerated book-building process’. The Nasdaq Stockholm-listed company moreover revealed that these 675,000 stocks had come with an individual price tag of about $55.56 to earn the iGaming pioneer gross proceeds of slightly over $37.53 million. Enduring effect: Kambi Group explained that 50-year-old Strom, who announced late last year that he would not be seeking re-election as its non-executive chairman, had conducted the sale through his Veralda Investment Limited vehicle and now holds roughly 17.5% of its shares. It also proclaimed that this residual shareholding is to become the subject of ‘a customary lock-up’ that is to last for 90 days from the settlement date. Read a statement from Strom… “I am very pleased to see the overwhelming interest from both current and new shareholders wanting to invest in the growth of Kambi Group. The company has developed into a leading premium sportsbetting technology company with significant opportunities in new and existing markets. By divesting a small part of my shares in Kambi Group, I have affected an elemental reallocation within my overall portfolio of investments. I remain committed as a long-term major shareholder and intend to continue to support Kambi Group through my representation on its board of directors.” Established exponent: Strom established Unibet from his London home in 1997 and subsequently led the firm, which rebranded as Kambi Group in 2016, as it became one of the planet’s largest business-to-business sportsbetting service providers and consumer-facing iGaming operators. Despite the impact of the coronavirus pandemic, the company recently saw its aggregated revenues for 2020 rise by 28% year-on-year to $142.63 million as its annual profit surged by 131.7% to $29.21 million. Football failing: Despite all of this success and Legal Sports Report nevertheless reported that Kambi Group felt the wrath of several partner operators last Sunday after its turnkey sportsbetting platform was forced to suspend pre-game betting on Super Bowl LV for a full 30 minutes. The source disclosed that this outage was caused by a failure in geolocation compliance technology supplied by an outside vendor and had impacted the American-facing online sportsbook from Penn National Gaming Incorporated, Rush Street Gaming and DraftKings Incorporated. Speedy solution: Kristian Nylen serves as Chief Executive Officer for Kambi Group and he reportedly pronounced that his firm was nevertheless able to permanently fix the offending problem ‘seven to eight minutes’ before the beginning of the gridiron contest from Florida and then went on to process the highest volumes in its history. Reportedly read a statement from Nylen… “The issue experienced prior to kick-off was related to one particular bet offer for which we increased the number of possible outcomes especially for the Super Bowl. This bet offer was the third most popular offer on the day and, due to the extended number of outcomes, required extra technical capacities as part of our bet validation process. Unfortunately, this additional capacity caused a backlog and slowed, and eventually stopped, the bet validation process for all bets.”
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Kambi Group heralds ‘record’ fourth-quarter financials
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Facebook Maltese online wagering technologies innovator Kambi Group has released its financial results for the final three months of 2020 showing that its aggregated revenues rose by 76% year-on-year to top €46.9 million ($56.8 million). The Valletta-headquartered firm used an official Wednesday press release to declare that this outcome was attributable to ‘a busy sporting calendar, exceptional operator trading margin and growth in new markets’ despite the lingering impacts of the coronavirus pandemic and took its full-year revenues up by a comparable 28% to approximately €117.7 million ($142.7 million). Terrific takings: Kambi Group revealed that its fourth-quarter cash flow from operating and investment activities had swelled by almost 366% year-on-year to about €20.5 million ($24.8 million) and improved its associated annual tally by 233% to roughly €28.7 million ($34.8 million). The firm moreover explained that its operating profit for the three months to the end of December increased by 258% to around €22.2 million ($26.9 million) off of an improved margin of 47.3% to take its twelve-month reckoning some 119% higher to €32.2 million ($39 million). Fantastic figures: The innovator additionally divulged that all of this took its aggregated fourth-quarter profit after tax to beyond €17.3 million ($20.9 million), which is an improvement of 276% year-on-year, and helped its correlated annual reckoning surge by 131.7% to €24.1 million ($29.2 million). Executive elation: Kristian Nylen (pictured) serves as the Chief Executive Officer for Kambi Group and he used the press release to proclaim that his firm’s operator turnover index came in at 989, which he described as ‘a clear all-time high’, while its business model continued to showcase ‘the scalability it possesses with an operating margin of 47%.’ Read a statement from Nylen… “As we reflect on what has been an exceptionally challenging twelve months, it’s particularly pleasing to complete the year with a record fourth-quarter performance and annual revenues up by 28%. At the start of 2020, full-year revenues of €117.7 million would have been deemed a great success, so to have delivered such a performance in spite of the sporting calendar being severely impacted for the best part of four months speaks volumes for the business we have created, our talented people and the upward trajectory we are on.” kambi groupkristian nylencoronavirusoperator turnover indexsporting calendar
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Pragmatic Play Limited inaugurates new Eye of the Storm video slot
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Only four days after releasing its Dragon Kingdom Eyes of Fire video slot and Maltese online casino games developer Pragmatic Play Limited has now returned to announce the launch of its new five-reel and ten-payline Eye of the Storm innovation. The Sliema-headquartered firm used an official Monday press release to pronounce that the new mobile-friendly video slot is the latest to have been developed via its partnership with smaller compatriot Reel Kingdom and offers aficionados the chance to take an ‘epic journey through ancient Egypt.’ Engaging experience: Pragmatic Play Limited described the three-row Eye of the Storm as a ‘highly volatile slot’ with a 96.71% return to player ratio that challenges aficionados to search for ‘the Queen’s treasure among the mysterious temples’ all while ‘a dangerous storm looms upon the reels.’ The innovator proclaimed that the title additionally has a selection of ‘ancient artefacts’ serving as its reel symbols with the Eye of Ra icon potentially able to pay out prizes worth up to 50 times a competitor’s initial stake. Added amusement: Yossi Barzely serves as Chief Business Development Officer for Pragmatic Play Limited and he used the press release to declare that Eye of the Storm moreover comes complete with an expanding wilds feature that has been designed to give punters landing a Cleopatra wild symbol ‘a fully wild reel’ that ‘could lead to a win.’ He asserted that the title ‘has been developed for players of all skill levels’ and furthermore offers a retriggerable free spins bonus to anyone lucky enough to amass at least a trio of pyramid-themed scatters anywhere on its reels. Read a statement from Barzely… “Eye of the Storm is another fantastic addition to our offering in partnership with Reel Kingdom. With alluring gameplay and a host of bonus features unique to this title, this title really brings something new to our library of premium slots. We expect it to go down a treat with our players.” video slotegyptyossi barzelypragmatic play limitedcleopatraeye of rareel kingdomdragon kingdom: eyes of fireeye of the storm
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Pragmatic Play Limited launches new Madame Destiny Megaways video slot
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เพียงหนึ่งสัปดาห์หลังจากการเปิดตัววิดีโอสล็อต Congo Cash และผู้พัฒนาเกมคาสิโนออนไลน์ Maltese Pragmatic Play Limited ได้กลับมาประกาศรอบปฐมทัศน์ของนวัตกรรมใหม่ Madame Destiny Megaways หกรีลใหม่ บริษัท ซึ่งมีสำนักงานใหญ่อยู่ใน Sliema ใช้ข่าวประชาสัมพันธ์อย่างเป็นทางการเมื่อวันพุธที่ผ่านมาเพื่อให้รายละเอียดว่าแทร็กวิดีโอใหม่ที่เหมาะกับอุปกรณ์เคลื่อนที่นั้นอ้างอิงจากรุ่นก่อนของ Madame Destiny ห้ารีลในปี 2018 เท่านั้นด้วยการรวมกลไก Megaways เพื่อเอาใจคนรัก 200,704 วิธีในการชนะ โอกาสในการชนะ: Pragmatic Play Limited ประกาศว่าชื่อเรื่อง Madame Destiny Megaways พร้อมด้วย High Variety นำผู้เล่นไปสู่ ​​'การผจญภัยลึกลับ' ที่สร้างความสงสัยผ่านการรวม 'ซาวด์แทร็กลึกลับและภาพที่น่าหลงใหล' ผู้ริเริ่มอธิบายว่าเกมดังกล่าวยังให้โอกาสคู่แข่งในการวางเดิมพันครั้งแรกได้ถึง 1,500 ครั้งโดยการรวบรวมสัญลักษณ์กระจายอย่างน้อยสามตัวเพื่อเข้าสู่รอบโบนัสฟรีสปินที่ทวีคูณ ประสบการณ์ก่อนหน้านี้: Yossi Barzely ประธานเจ้าหน้าที่ฝ่ายพัฒนาธุรกิจของ Pragmatic Play Limited ใช้ข่าวประชาสัมพันธ์เพื่อระบุว่า Madame Destiny Megaways ได้เดินตามเส้นทางของผู้บุกเบิกที่เชื่อถือได้เช่น The Dog House และ Great Rhino ในการมีคุณสมบัติใหม่มากมายในฐานะ Megaways เพิ่มเค้าโครงรีล 'ในการเล่นเกมของพวกเขา เขาอธิบายว่าการเปิดตัวเกมด้วยซีรีส์สามเรื่องยังทำให้ผลงานวิดีโอเกมของ บริษัท ของเขามีมากกว่า 140 รายการด้วย 'เนื้อหาที่ไม่ซ้ำใครซึ่งมุ่งเป้าไปที่ผู้เล่นทุกกลุ่มประชากร' โดยเริ่มตั้งแต่เดือนหน้าจนถึงรอบปฐมทัศน์ Dragon Kingdom: Eyes of Fire ชื่อเรื่อง Eye of the Storm อ่านคำแถลงจาก Barzely ... “ Madame Destiny Megaways เป็นการคิดค้นสิ่งใหม่ ๆ ของเกมที่น่าตื่นเต้นที่สุดของเราผ่านการเพิ่มคุณสมบัติใหม่ Megaways และอื่น ๆ เพื่อให้ผู้เล่นเพลิดเพลินไปกับตอนต่อไปในโลกลึกลับของมาดาม ผลงานของเราเติบโตขึ้นในรูปแบบต่างๆและการปรับปรุงเนื้อหาที่มีอยู่ทำให้เราสามารถเข้าถึงผู้เล่นได้มากขึ้นและสร้างประสบการณ์การเล่นเกมที่น่าสนใจ "วิดีโอ slotyossi barzely pragmatic play limited megaways great rhinomadame destinythe dog Housecongo cashmadame destiny megawaysdragon kingdom: eyes of fireeye of the storm
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