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Full Answer
How many shares are there in Kambi?
Total number of shares in Kambi: 30,302,197. Kambi is listed on First North Growth Market at Nasdaq Stockholm. First North Growth Market is an alternative marketplace and companies on First North Growth Market are not subject to the same rules as companies on the regulated main market.
What happens if a shareholder cannot reach Kambi for a dividend?
Dividends would normally be paid out as a cash amount per share via Euroclear, but could also consist of something other than cash, such as a distribution in kind. If a shareholder cannot be reached for receipt of the dividend, the shareholder’s claim against Kambi will remain and will be limited only by the general rules of limitation.
Who is the CEO of Kambi Group plc?
Mr. Kristian Nylen serves as the Chief Executive Officer at Kambi Group plc. Mr. Nylen served as the Chief Sportsbook Officer of Kindred Group plc (formerly, Unibet Group plc) and served as its Chief Execu...
What is Kambi’s Share Option Plan?
In 2013, Kambi implemented a Share Option Plan to incentivise certain management individuals and key employees. To date, 961,000 options to acquire shares in Kambi have been granted, of which 40,500 are outstanding.
When did Kambi buy back its shares?
The Board of Directors of Kambi has, empowered by a mandate received at the Extraordinary General Meeting (EGM) on 23 June 2021, completed a share buyback programme. The objective of the buyback was to achieve added value for Kambi´s shareholders.
How does Kambi operate?
Kambi conducts its business in accordance with its interpretation and understanding of the applicable tax laws and treaties, case law and the requirements of relevant tax authorities in the countries where it operates. Changes to regulatory, legislative and fiscal regimes in key markets could have an adverse effect on the group’s results and additional costs may be incurred in order to comply with any new laws or regulations. In managing its taxation affairs, including estimating the amounts of taxation due, Kambi relies on the exercise of judgment concerning its understanding of, and compliance with, those laws assisted by professional advice.
What is Kambi's repurchase agreement?
Kambi entered into an agreement with Carnegie Investment Bank AB (Carnegie) to conduct the share repurchases on its behalf. The acquisition of shares took place on several occasions on Nasdaq First North Growth market in Stockholm and Carnegie made its trading decisions in relation to Kambi’s shares independently of and without influence by Kambi and in accordance with the Maltese Companies Act and other applicable rules. Share repurchases were to be made at a price per share within a defined range. Share repurchases were to be made at a price per share within the recorded interval at any given time, i.e. the interval between the highest buying price and the lowest selling price. Total share repurchases under the programme could not exceed EUR 12 million. Payments for the shares were to be made in cash. According to the EGM resolution, the Company’s holding may not exceed (and the Company may consequently not repurchase more than) 3,097,570 which was equivalent to 10% of total share in the Company at that time. Acquisitions were made from 27 October to 10 November. Kambi repurchased a total of 523,500 shares at a volume-weighted average price of 227.77 SEK per share. No acquisitions could be made during a 30-day period prior to the publication of quarterly results.
What factors affect dividends paid to Kambi?
The amount of any dividends to be paid to Kambi Group plc shareholders in the future will depend upon several factors, including profitability, financial position and any future cash flow and working capital requirements of the business.
Where is Kambi Group located?
Kambi Group plc is registered in Malta and obliged to follow the Code of Principles of Good Corporate Governance set by Malta Financial Services Authority (MFSA).
Does Kambi have an obligation to maintain a list of insiders?
According to the MFSA and NASDAQ OMX First North rules, Kambi has an obligation to maintain a list of insiders’ transactions. These transactions are registered with the MFSA https://www.mfsa.com.mt/firms/capital-markets/short-selling-regulation/pdmr-notifications/
What is the first North growth market?
First North Growth Market is an alternative marketplace and companies on First North Growth Market are not subject to the same rules as companies on the regulated main market. Instead they are subject to a less extensive set of rules and regulations adjusted to small growth companies. The risk in investing in a company on First North Growth Market ...
What is a Kambi?
Kambi provides the leading independent sportsbook platform in a PaaS (Platform-as-a-Service) model to online sports betting companies (operators). In Jul 2020, Kambi received EGR B2B Awards for both Sportsbook Platform Provider and Sports Betting Supplier of the year
Where is Kambi Sports?
Kambi, with headquarters in Malta, Europe, came into existence in 2010 when Kindred (earlier Unibet) spun-off its sports betting B2B business into Kambi Sports Solutions. Backed by an experienced management team, strong execution and consistent performance since inception, Kambi was named among Europe’s fastest growing companies in the Financial Times 1000 list in 2017. In 2018, Kambi created history by becoming the first sportsbook to process the first legal wager in New Jersey, post-PASPA.
How many employees does Kambi have?
Kambi employs more than 850 staff across offices in Malta (headquarters), Australia, Romania, the UK, Philippines, Sweden, Australia and the United States.Kambi utilises a best of breed security approach and is ISO 27001 and eCOGRA certified.
When will LeoVegas partner with Kambi?
25 August 2020 Kambi and LeoVegas sign partnership extensionExpanded agreement will see other LeoVegas brands, including BetUK and 21.co.uk, move onto the Kambi sportsbook Kambi Group plc, the leading global sports betting supplier, has agreed a multi-year extension to its partnership with award-winning operator LeoVegas.Having been selected to power the LeoVegas sportsbook in 2016, the expanded relationship will see LeoVegas’ current range of sports betting brands - including BetUK and 21.co.uk – upgrading to the Kambi platform.LeoVegas has leveraged Kambi’s open platform and wide variety of empowerment tools to deliver a unique, engaging sports betting experience in multiple regulated markets including the UK, Sweden, Denmark and Spain.Kristian Nylén, Kambi CEO, said: “We are proud to have agreed this partnership extension with LeoVegas, and that Kambi will now provide its sports betting services to the other popular brands in the LeoVegas group.“Kambi is the partner operators can trust to provide the powerful sportsbook core and flexible technology they need to unlock their sports betting potential, and it is fantastic to have this recognised by an operator as highly regarded as LeoVegas."Mattias Wedar, Chief Product & Technology Officer at LeoVegas, said: “We are pleased to continue our sports betting journey with Kambi, a partnership which has brought about real success as we continue to deliver on our sports betting ambitions and becoming the King of Casino.”The partnership extension with LeoVegas comes after Kambi took the two headline sportsbook prizes at July’s EGR B2B Awards, claiming victory in the Sports Betting Supplier and Sportsbook Platform of the Year categories. For further information, please contact:Mia NordlanderHead of Investor [email protected]: +44 (0)7850 910 933 About KambiKambi is a provider of premium sports betting services to licensed B2C gaming operators. Kambi Group plc is listed on First North Growth Market at Nasdaq Stockholm. 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 20-plus customers include 888 Holdings, ATG, DraftKings, Kindred Group, LeoVegas, Penn National Gaming, and Rush Street Interactive. Kambi employs more than 850 staff across offices in Malta (headquarters), Australia, Romania, the UK, Philippines, Sweden, Australia and the United States.Kambi utilises a best of breed security approach and is ISO 27001 and eCOGRA certified. Kambi Group plc is listed on Nasdaq First North Growth Market under the symbol "KAMBI".The Company's Certified Advisor is Redeye AB.Redeye [email protected]: +46 (0)8 121 576 90 Attachment * Kambi and LeoVegas sign partnership extension
Is SBTech a broker?
Mobile sports betting operators are moving all their chips into one basket. In this case, those chips are an open service broker platform, and the basket is the in-house technology of SBTech, acquired by DraftKings Inc. (DKNG). Four-star analyst Jed Kelly of Oppenheimer & Co. covered the stock, detailing the announcement made by the online sports betting company. He wrote that the migration of the platform to SBTech from the Kambi Group (KMBIF) will provide DraftKings with the opportunity to ope
KAMBI Stock Overview
Kambi Group plc operates as a business-to-business supplier of managed sports betting services to business-to-consumer gaming operators in Europe, the Americas, and internationally.
Valuation
Is Kambi Group undervalued compared to its fair value and its price relative to the market?
Future Growth
How is Kambi Group forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Dividend
What is Kambi Group current dividend yield, its reliability and sustainability?
Management
How experienced are the management team and are they aligned to shareholders interests?
Ownership
Who are the major shareholders and have insiders been buying or selling?
What is Kambi betting?
Kambi is a leading independent provider of sports betting technology and services. It provides odds compiling, customer intelligence, risk management, and compliance services to clients in 14 states and six continents. In the sports betting industry, companies have to choose between building their sportsbook technology in-house or outsourcing it to a third party. Building a sportsbook is a complex process that requires significant technological know-how and a small army of traders to adjust algorithms and betting lines. Only a few of the largest players have the scale to build and maintain this technology in-house. The remaining operators must turn to an independent provider such as Kambi.
What does Kambi do?
When sharp bettors start betting heavily on a particular line, Kambi can adjust the odds to reduce risk and limit operator exposure to losses. Independent operators do not have the scale to aggregate enough data to generate these insights, which provides valuable risk management and customer intelligence to partners.
How difficult is Kambi to move?
Kambi is insulated by high switching costs for operators hoping to migrate off of the platform. It is incredibly difficult to move the back end of these sportsbooks and requires significant technological expertise. It is also highly time-intensive, generally requiring migration over a 1+ year period. Time and resources are being diverted from other activities such as customer acquisition and interface improvements. Companies migrating their technology stack risk falling behind competitors who can focus solely on their front end and establishing relationships with customers. Kambi is also known for having the best technology in the industry with the highest operator trading margins. Switching to a competitor or an in-house platform risks lower trading margins, as algorithms and betting lines may not be up to par with Kambi’s offerings. Ultimately, there are high barriers to switching platforms with significant capital investments, time, and resources required to migrate back ends. According to Robert Simmons, the principal software architect of The Stars Group…
What is the process of building a sportsbook?
In the sports betting industry, companies have to choose between building their sportsbook technology in-house or outsourcing it to a third party. Building a sportsbook is a complex process that requires significant technological know-how and a small army of traders to adjust algorithms and betting lines.
Why is Kambi important?
Kambi’s operating excellence and impressive ability to reach new markets first is important, particularly for smaller players looking to take share. Kambi is also known for having the best algorithms in the industry, which provide partners with the highest trading margins.
How much will Canada's sports be legalized in 2025?
Outside of the United States, Canada is expected to see a 123% CAGR through 2025 as they legalize on a province-by-province basis over the next few years. C14.5 billion is wagered on sports each year, with only C500 million of that coming legally.
How much will the pick and shovel market be in 2025?
The market is expected to reach between $7.9 and $10.8 billion in 2025 for a remarkable CAGR of 44% over the next five years. There is a structural opportunity to invest in a “pick and shovel” operator of one of the fastest-growing industries in the market. The three most populous states (California, Texas, New York) have yet to legalize sports ...
