Investigation of Kambi's Manila Operation

Total Page：16

File Type：pdf, Size：1020Kb

Investigation of Kambi's Manila operation Kambi Philippines Inc, a subsidiary of Kambi Group plc (the “Group”), has an office based in Manila. This operation provides back office functions for the Group's online B2B sportsbook service. Similar to other betting operations based in the Philippines, Kambi Philippines Inc has been served with notice today that it is the subject of an investigation by the Philippines National Bureau of Investigation into allegations relating to the carrying out of illegal gambling activities in the Philippines. With regards to these allegations, Kambi is confident that there are no activities occurring in its Philippines operation which are contrary to law. In the Philippines, Kambi is a member of the Government-run PEZA scheme (Philippine Economic Zone Authority), which incentivises businesses, on a fully transparent basis, to establish and run operations in the Philippines. Kambi complies with local laws and applies consistent global policies for its Group operations to abide by. Kambi has immediately implemented business continuity measures in accordance with its internal Group policies to ensure cover for the services provided by its Manila operation. Kambi will update the market as necessary regarding the investigation. About Kambi Kambi Group plc is a B2B supplier of fully managed sports betting services on an in-house developed software platform, providing premium turnkey sports betting solutions to B2C operators. Kambi’s solution encompasses a broad offering from front end through to odds compiling and risk management. Kambi employs approximately 380 staff across offices in Malta, London, Stockholm and Manila. The company’s current coverage includes more than 110,000 live betting events and 250,000 pre-match events per year covering 65 different sports from all over the world. Kambi’s customers include Unibet, 888, Paf, 32Red and Napoleon Games. Kambi utilizes a best of breed security approach, with guiding principles from ISO 27001. Kambi Sports Solutions is an eCOGRA certified. Kambi Group plc is listed on NASDAQ OMX First North Stockholm under the symbol "KAMBI". Kambi's Certified Advisor on First North at Nasdaq Stockholm is Redeye AB. Disclaimer: The information in this report/press release is such that Kami Group Plc is required to disclose under the Swedish Securities Market Act. The information was disclosed on [date and time]..

Copy Link

Recommended publications

Annual Report 2012
888 Holdings PLC Annual Report & Accounts 2017 888 HOLDINGS PLC HOLDINGS 888 ANNUAL REPORT & ACCOUNTS 2017 ACCOUNTS & REPORT ANNUAL LEADING THE FUTURE OF ONLINE GAMING Welcome 888: SAFE AND SECURE ONLINE GAMING ENTERTAINMENT OUR MISSION OUR DIFFERENCE OUR FOCUS 888’s mission is to supply its customers At the heart of 888’s business is its 888’s firm focus is on growing in markets with a safe and secure environment leading-edge proprietary gaming where there are regulatory frameworks in which to enjoy quality online gaming technology and associated platforms. that protect customers and provide entertainment. 888 continually invests 888’s operations are directed by highly clarity for operators. 888 has a presence time and resources in protecting its sophisticated business analytics which across four key product verticals, nine customers and, by successfully doing underpin the Group’s approach to regulated markets globally and with this, the 888 business will continue product development, marketing and both business to customer (“B2C”) to grow and prosper. customer relationship management. and B2B customers. These strengths enable 888 to deliver to customers and business to business (“B2B”) partners alike first-class and innovative online gaming entertainment products and solutions. OVERVIEW OF 888 888’S B2B OFFERING OVERARCHING 888 BRAND 10% B2B 90% B2C 888’s Dragonfish provides flexible, dynamic Structure services including Games & Technology, Marketing, Operations and ePayments. 60% Casino 16% Poker 8% Bingo 16% Sport CASINO POKER SPORT BINGO B2B LEADING THE FUTURE OF ONLINE GAMING PEOPLE ORIENTATED TECHNOLOGY-LED DIVERSIFIED 888 has been at the forefront of The bedrock of 888’s business is our 888 is a truly diversified operator the online gaming industry since its cutting-edge, proprietary online gaming with both B2C brands and a B2B inception.
[Show full text]
Kambi Group Plc and Mohegan Gaming & Entertainment Enter Into
01 July 2021 15:00:00 CEST PRESS RELEASE Kambi Group plc and Mohegan Gaming & Entertainment enter into amendment to Connecticut sports betting agreement Amendment ensures Kambi will receive expected revenue for five-year term following initial agreement signed in 2019 Kambi Group plc and Mohegan Gaming & Entertainment (MGE) have agreed amended terms to their sports betting services agreement in relation to the soon-to-be regulated US state of Connecticut. The amendment respects the financial terms set out in the initial agreement between Kambi and MGE, signed in 2019, with Kambi to receive its full revenue forecasted for the duration of the full initial agreement term. The amendment enables MGE to collaborate with alternative parties to launch on-property and online sports betting in Connecticut all while ensuring there will be no negative impact on Kambi's forecasted Group revenue. Separately, Kambi and MGE are engaged in bilateral discussions with regards exclusive sports betting alliances in additional territories where MGE has secured market access. Kristian Nylén, CEO and Co-founder, Kambi, said: "While we had been looking forward to supporting MGE become a sports betting leader in the Connecticut market, the amicable discussions between both parties have found a positive conclusion, with MGE respecting Kambi's financial interests for the duration of the original agreement." Aviram Alroy, Vice President Product, Mohegan Digital said: "As we have seen first-hand in Pennsylvania, Kambi provides great product and is therefore one we look forward to potentially collaborating with in new market opportunities." For further information, please contact: Mia Nordlander SVP Investor Relations [email protected] Mobile: +44 (0) 7850 910 933 Office: +44 203 318 6279 Kambi Group plc | Level 3, Quantum House, Abate Rigord Street, XBX1120 Ta’ Xbiex About Kambi Kambi is a provider of premium sports betting services to licensed B2C gaming operators.
[Show full text]
Kambi Company Description
IMPORTANT INFORMATION The shares in Kambi will be distributed to Unibet’s shareholders. The Company Description has been prepared with respect to the listing of the Company’s shares on NASDAQ OMX First North. Neither this Company Description, nor any prospectus has been or will be registered with the Swedish Financial Supervisory Authority (Sw. Finansinspektionen) or any other authority in Sweden or elsewhere as a result of the listing. The Company Description does not constitute an offer of securities to the public to purchase, acquire or subscribe for or in any other manner trade in shares or other se- curities of Kambi. The shares in Kambi have not been registered, and are not intended to be registered, under the United States Securities Act of 1933, as amended, or any other foreign equivalent. I confirm that I am not a resident in the US, Canada, Hong Kong, Japan, Australia and South Africa, nor in any other ju- risdiction where the distribution or publication of the Company Description requires additional prospectuses, registration or other measures than those required by Swedish law. Kambi Group plc Company descriptionKAMBI for listing on NASDAQ OMX First NorthSPORTS SOLUTIONS KAMBI SPORTS SOLUTIONS Important information Important information about First North Neither this Company Description, nor any prospectus First North is an alternative marketplace operated by has been or will be registered with the Swedish Financial an exchange within the NASDAQ OMX group. Compa- Supervisory Authority (Sw. Finansinspektionen) or any nies on First North are not subject to the same rules as other authority in Sweden or elsewhere as a result of companies on the regulated main market.
[Show full text]
Download Annual Report
Emerging Stronger Kambi annual report and accounts 2020 Kambi annual report and accounts 2020 Kambi is the industry’s leading, independent provider of premium Contents sports betting and technology services. Through its data-driven sportsbook core and flexible technology, Kambi Strategic report 04 not only provides a market-leading Kambi at a glance 06 sportsbook experience, but acts as an incubator for operator innovation Introduction 08 and differentiation. Chairman and CEO statements 10 Coupled with its range of empowerment Overview and highlights 12 tools, enabling operators to control crucial player-facing elements, Kambi Strategic review 14 has built an impressive track record of Sports betting market 18 springboarding visionary sportsbooks Kambi customers 30 to success across the globe. Business model 32 Kambi is fully compliant in regulated markets and is listed on the Nasdaq Sustainability report 38 First North Growth Market under the symbol “KAMBI”. The Company’s CEO introduction 40 Certified Advisor is Redeye AB. Core areas 41 2020 activities 42 Corporate governance 46 Share performance 48 Risk factors 50 Board of directors 52 Senior executives 54 Corporate governance report 56 Directors’ report 58 Financial report 60 Financial review 62 Financial statements 64 Independent auditor’s report 102 AGM and company information 106 Glossary 107 2 3 Strategic Report Providing the engine for partner success 4 5 Annual report and accounts 2020 Kambi Group plc Strategic report Kambi at a glance The global betting and gaming industry’s
[Show full text]
Kambi Group Plc Summary of Resolutions AGM 2021
11 May 2021 16:00:00 CEST PRESS RELEASE Kambi Group plc Summary of Resolutions AGM 2021 Kambi Group plc (Malta Registration Number C49768 of Registered Address at Level 3, Quantum House, Abate Rigord Street, Ta’ Xbiex XBX1120, Malta) (the “Company”) held the Annual General Meeting on the 11 May 2021, in Sweden (the “Meeting”) __________________________________________________________________________ Fifteen resolutions were presented to the Meeting. Thirteen ordinary resolutions (resolutions a - m) were approved: Consolidated Financial Statements (Annual Report) and the Financial Statements of the Company 2020 were approved; Remuneration report 2020 was approved; Number of Board Members 2021 was approved; Board Members’ fees 2021 were approved; Lars Stugemo, Anders Ström, Patrick Clase, Marlene Forsell and Cecilia de Leeuw were re- elected Directors; Lars Stugemo was appointed Chairman; Guidelines on the appointment and composition of the Nomination Committee were approved; Mazars Malta were reappointed as external auditors; Guidelines on the remuneration policy for Executive Management were approved. All two extraordinary resolutions, resolutions n and o, obtained one majority of two required in terms of Clause 135 of the Companies Act (Cap 386), and in terms of Articles 48B.2(b) of the Articles of Association of the Company. To this end, an Extraordinary General Meeting is being convened within 30 days of today’s Annual General Meeting, as per proviso in same Clause and Articles, to take a fresh vote on the proposed resolutions. By order of the Board Sarah Grima Company Secretary Kambi Group plc | Level 3, Quantum House, Abate Rigord Street, XBX1120 Ta’ Xbiex For further information, please contact: Mia Nordlander SVP Investor Relations [email protected] Mobile: +44 (0) 7850 910 933 Office: +44 203 318 6279 About Kambi Kambi is a provider of premium sports betting services to licensed B2C gaming operators.
[Show full text]
Leovegas Selects Kambi Sportsbook
LeoVegas selects Kambi Sportsbook Friday January 22, 2016 Kambi Group plc is pleased to announce that it has signed an agreement to deliver its fully managed Sportsbook solution to mobile gaming operator LeoVegas. The agreement will see Kambi’s sportsbook tightly integrated into LeoVegas’ proprietary platform enabling its players to move seamlessly between casino and sport. In addition, the agreement with Kambi will further enable LeoVegas to expand into international markets. Kristian Nylén, CEO of Kambi Group plc, commented: “LeoVegas is a very exciting and fast growing brand in mobile gaming. We are excited to work with LeoVegas as our services will complement their existing casino offering with a premium sports betting service that will accelerate growth. Our mutual interest in driving innovation in mobile sports betting forms a powerful foundation for this partnership. We look forward to supporting LeoVegas in delivering on its ambition to create a game changing mobile sports betting experience.” Gustaf Hagman, Group CEO and Co-founder of LeoVegas, said: "LeoVegas mobile gaming group´s success to date has been based on a passion for the greatest gaming experience, innovation and a genuine mobile first focus. At LeoVegas, we would never compromise on the customer experience and in sports we believe no one has yet taken the mobile leadership position. Following an extensive selection process, we are thrilled to be partnering with Kambi whom we identified as the partner that can match our high ambition and provide enabling technology
[Show full text]
Kambi Group Plc Q3 Report 2020 Malta, 6 November 2020 Q3 Report 2020 (Unaudited)
Kambi Group plc Q3 Report 2020 Malta, 6 November 2020 Q3 Report 2020 (unaudited) Financial summary • Revenue amounted to €28.1 (Q3 2019: 23.0) million for the third quarter of 2020, an increase of 22%, and €70.8 (65.6) million for the period January to September • Operating profit (EBIT) for the third quarter of 2020 was €6.5 (3.4) million, at a margin of 23.3% (14.9%), and €10.0 (8.6) million for the period January to September, at a margin of 14.2% (13.0%) • Profit after tax amounted to €5.1 (2.3) million for the third quarter of 2020 and €6.8 (5.8) million for the period January to September • Earnings per share for the third quarter of 2020 were €0.164 (0.075) and €0.220 (0.193) for the period January to September • Cash flow from operating and investing activities (excluding working capital movements) amounted to €6.9 (2.6) million for the third quarter of 2020 and €8.2 (4.2) million for the period January to September Third quarter financial breakdown Jan – Sep Jan – Sep Change Jan – Dec €m Q3 2020 Q3 2019 Change % 2020 2019 % 2019 Revenue 28.1 23.0 +22% 70.8 65.6 +8% 92.3 Operating profit 6.5 3.4 +92% 10.0 [1] 8.6 +17% 14.7 Operating margin 23.3% 14.9% 14.2% 13.0% 16.0% Profit after tax 5.1 2.3 +122% 6.8 [2] 5.8 +16% 10.4 Cash flow [3] 6.9 2.6 8.2 4.2 8.6 Net cash 38.5 34.2 38.5 34.2 37.7 Earnings per share €0.164 €0.075 +119% €0.220 €0.193 +14% €0.345 [1] Operating profit excludes items affecting comparability recorded in Q1 2020 (bad debt expense of €0.6m) [2] Profit after tax includes items affecting comparability recorded in
[Show full text]
Malta, 29 August, 2018 Kambi Group Plc Signs Sportsbook Deal with Global Gaming 555 Kambi Sportsbook and Services Selected to S
Malta, 29 August, 2018 Kambi Group plc signs Sportsbook deal with Global Gaming 555 Kambi Sportsbook and services selected to support the expansion of Global Gaming’s product portfolio in regulated markets Kambi Group has signed a multi-year deal with Global Gaming 555 to provide its Sportsbook and services to the rapidly growing gaming operator. Listed on the Nasdaq Stockholm First North, Global Gaming operates a number of popular online gaming brands, including the burgeoning Ninja Casino. Ninja Casino was the first gaming brand to offer PayNPlay, an innovative payments system which automatically completes the player account registration process at the point of first cash deposit. This pioneering approach has seen Global Gaming record industry leading growth rates and, as it prepares to offer sports betting, has selected Kambi in part due to its track record of consistently achieving above market revenue growth. The Kambi Sportsbook, including its market-leading open-APIs and sophisticated risk management processes, will be integrated into Global Gaming’s proprietary platform, with an initial launch scheduled for Q4 2018. Due to the time of launch, the deal will have minimal impact on Kambi’s 2018 revenues, although the partnership has the potential to provide a more meaningful contribution in future years. Kristian Nylé n, Kambi Chief Executive Officer, said: “I’m delighted to welcome Global Gaming to the Kambi network with the agreement further evidence of Kambi being the number one choice for visionary operators in regulated markets.
[Show full text]
Schedule of Investments September 30, 2020 (Unaudited)
Roundhill Sports Betting & iGaming ETF Schedule of Investments September 30, 2020 (Unaudited) Shares Value COMMON STOCKS — 99.9% Advertising — 0.2% XLMedia PLC (a) 952,823 $ 274,079 Commercial Services — 1.7% QIWI PLC - ADR (a) 130,690 2,267,472 Entertainment — 81.3% (d) 888 Holdings PLC (a) 767,685 2,501,023 Aspire Global PLC (a)(b)(c) 107,376 463,096 Bet-At-Home.com AG (a) 33,939 1,416,828 Betmakers Technology Group Ltd. (a)(b) 3,457,391 1,003,622 Betsson AB (a)(b) 434,863 3,352,575 Caesars Entertainment, Inc. (b) 63,213 3,543,721 Churchill Downs, Inc. 26,499 4,341,066 DraftKings, Inc. - Class A (b) 152,847 8,993,518 Enlabs AB (a)(b) 251,492 880,924 Evolution Gaming Group AB (a)(c) 31,746 2,109,779 Flutter Entertainment PLC (a)(b) 37,153 5,883,883 Gamesys Group PLC (a) 206,275 3,178,754 Gaming Realms PLC (a)(b) 762,654 210,011 GAN Ltd. (a)(b) 217,229 3,671,170 GVC Holdings PLC (a)(b) 489,962 6,169,578 International Game Technology PLC 237,359 2,641,806 Kambi Group PLC (a)(b) 117,392 3,843,112 Kindred Group PLC - SDR (a) 820,297 5,970,296 LeoVegas AB (a)(c) 475,562 2,018,083 OPAP S.A. (a) 354,442 3,366,652 Penn National Gaming, Inc. (b) 106,917 7,772,866 PointsBet Holdings Pty Ltd. (a)(b) 1,498,999 11,345,716 Scientific Games Corp.
[Show full text]
Notice of Kambi Group Plc Annual General Meeting 2018
This document is important and requires your immediate attention. If you are in any doubt about the action you should take, you should consult an appropriate independent financial adviser. NOTICE OF KAMBI GROUP PLC ANNUAL GENERAL MEETING 2018 In terms of Articles 41 and 42 of the Articles of Association of the Company NOTICE IS HEREBY GIVEN that THE ANNUAL GENERAL MEETING (“AGM”) of Kambi Group plc or the “Company” (company number C49768, registered in Malta) will be held on Thursday 31 May, 2018 at 11.00CET at Kambi, Wallingatan 2, 4tr, 111 60 Stockholm, to consider the following Agenda. Right to attendance and voting To be entitled to attend and vote at the AGM (and for the purpose of the determination by the Company of the number of votes they may cast), shareholders must be entered on the Company’s register of members by Friday 11 May, 2018. In order to be entitled to participate in the proceedings at the AGM, shareholders who have their shares registered with a nominee account must ensure their shares are temporarily registered in their own name latest by Friday 11 May, 2018. Shareholders who wish to participate in the AGM are invited to notify Euroclear Sweden AB of their intention to attend the AGM by Monday 14 May, 2018. Shareholders can notify their attendance by mail to: Kambi Group plc, c/o Euroclear Sweden AB, Box 191, 101 23 Stockholm, Sweden, tel. +46 8 402 9092. Notification should include the shareholder’s name, address, personal or corporate identity number, registered shareholding and information on proxies.
[Show full text]
Kambi Group Plc Signs Partnership with Leading Latin American Corporate Group for Sports Betting Launch
02 June 2021 11:00:00 CEST PRESS RELEASE Kambi Group plc signs partnership with leading Latin American corporate group for sports betting launch Agreement with recently established NG Gaming will see imminent launch in the growing Latin American sports betting market Kambi Group plc, the leading global sports betting supplier, has signed an agreement to provide its premium technology and services to a newly developed sports betting brand in Latin America backed by an experienced private equity firm. The multi-year partnership will see Kambi support the launch of Olimpo.bet, an online sportsbook owned by NG Gaming, which is a recent addition to one of the leading corporate groups in Latin America. The Olimpo.bet brand aims to operate in the Latin American region, initially targeting Peru due to its growing market, and will further strengthen Kambi's position in a region where it already has an established presence in Colombia and Argentina. Kristian Nylén, CEO and Co-founder, Kambi, said: "This is an important strategic partnership for Kambi as we continue to expand our footprint in Latin America's growing sports betting market. "The ambition shown by NG Gaming to be among the leaders in sports betting matches our own, and we are excited at the prospect of Olimpo.bet going live in time for the Copa América." An NG Gaming spokesperson said: "We are delighted to partner with Kambi to launch our new disruptive brand. It quickly became clear Kambi was the only partner we could trust to support us with our ambitious time-to-market strategy and future expansion across the South American continent.
[Show full text]
Bulletin from Kambi Group Plc's Extraordinary General Meeting 2021
23 June 2021 13:00:00 CEST PRESS RELEASE Bulletin from Kambi Group plc’s Extraordinary General Meeting 2021 Kambi Group plc (Malta Registration Number C49768) of Level 3, Quantum House, Abate Rigord Street, Ta’ Xbiex XBX1120, Malta (the “Company”) held an Extraordinary General Meeting on the 23 June 2021, in Sweden (the “Meeting”). Two extraordinary resolutions (a and b respectively) were presented to the Meeting. In terms of the proviso to Article 48B.2(b) of the Articles of Association of the Company, the required majority for the purposes of this Meeting was “not less than 75% in nominal value of the shares represented and entitled to vote at the Meeting”. The number of shares represented and entitled to vote at this Meeting corresponded to 30.9% of total shares in the Company, of which 100% voted in favour of each extraordinary resolution presented (a and b respectively): Authority to issue and allot shares for payment in kind approved; Authority to acquire own shares approved. By order of the Board Sarah Grima Company Secretary For further information, please contact: Mia Nordlander SVP Investor Relations [email protected] Mobile: +44 (0) 7850 910 933 Office: +44 203 318 6279 Kambi Group plc | Level 3, Quantum House, Abate Rigord Street, XBX1120 Ta’ Xbiex About Kambi Kambi is a provider of premium sports betting services to licensed B2C gaming operators. Our services encompass a broad offering from front-end user interface through to odds compiling, customer intelligence and risk management, built on an in-house developed software platform. Kambi’s 30-plus customers include 888 Holdings, ATG, Churchill Downs Incorporated, DraftKings, Kindred Group, LeoVegas, Penn National Gaming and Rush Street Interactive.
[Show full text]