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Danish Gambling Market update with Birgitte Sand (Director of the Danish Gambling Authority) at Mare Balticum Gaming Summit 2018

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Riga – 12 April 2018 Mare Balticum Gaming Summit is specially designed to focus on the Baltics and the Scandinavian region by bringing a wealth of information from the local regulators.

By creating such a networking platform, all attending parties can benefit of learning opportunities and also quality takeaways.

We are honored to announce that Birgitte Sand (Director, Danish Gambling Authority) will join the inaugural event as a speaker in the panel dedicated to the Scandinavian region.

About Birgitte Sand

Birgitte started her career in the court of Taxation and moved on to a wide range of different positions and tasks in the Ministry of Taxation covering legal advice on corporate tax structures and tax on private companies, projects regarding innovation, development, strategy and change of organization and structures within the Ministry of Taxation.

Birgitte Sand has been in charge of the development of a nationwide IT salary system and head of the central IT department, and has for many years been a member of the board covering the nationwide planning of the tax production (what to focus on in regards to compliance).

For a number of years Birgitte also taught various subjects.

Birgitte Sand took up her current position after several years of work as a member of the Executive Board of the Copenhagen Tax Center. She is a member of the IAGR (International Association of Gaming Regulators), Board of Trustees, since late 2011, former chair of the IAGR Membership Subcommittee and has served as President for the association since October 2014.

Given the current turn of event in Denmark and with the new legislation coming into force next year, there will be lots to discuss.

Quick note for those interested in horse racing:

On January 1st 2018, betting on horse racing in Denmark was liberalised.

In connection to this, a special contribution of 8 percent of the bet must now be paid when betting on Danish horse races. The administration of the special contribution is handled by The Danish Gambling Authority

Unlike other gambling fees, where a fee is paid according to the gross gaming revenue, a special contribution of the player’s stake on Danish horse races must be paid. Whether the bet is closed before time (cash out) or not, the special contribution must be paid.

Make sure you register in order to get a chance to network with the representatives of Cubits, Triogames, Losimu strategine grupe – UAB, Tatkazino, Scout Gaming, Play’n GO, Danish Gambling Authority, Danish Online Gambling Association, Swedish Trade Association for Online Gambling Penta Investment and many more. The event has limited seating without the opportunity of adding more registrations, so make sure you reserve you place at this unique event. Register here!

Visit the official website of the event for more details: https://marebalticumgaming.com/


Source: European Gaming Media and Events

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Kambi Group plc Q2 Report 2019

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Kambi Group plc Q2 Report 2019Reading Time: 3 minutes

 

Financial summary

  • Revenue amounted to €21.6 (17.6) million for the second quarter of 2019, an increase of 23%, and €42.6 (34.0) million for the first half of 2019, an increase of 25%
  • Operating profit (EBIT) for the second quarter of 2019 was €2.5 (2.4) million, with a margin of 11.7% (13.8%), and 5.1 (4.4) million, with a margin of 12.1% (12.9%) for the first half of 2019
  • Profit after Tax amounted to €1.6 (1.7) million for the second quarter of 2019 and 3.6 (3.2) million for the first half of 2019
  • Earnings per share for the second quarter of 2019 were €0.052 (0.055) and €0.117 (0.107) for the first half of 2019
  • Cash flow from operating and investing activities (excluding working capital) amounted to €0.4 (1.9) million for the second quarter of 2019 and €1.6 (2.5) million for the first half of 2019

 

Key highlights

  • Solid financial performance with 23% year-on-year revenue growth and 26% operator turnover growth, despite tough comparatives including the 2018 football World Cup
  • Signed a new customer in BetWarrior, which will further Kambi’s expansion in Latin America
  • Took first legal online sports bet in Pennsylvania with Rush Street Interactive (RSI). Powering the first three online sportsbooks to launch in Pennsylvania
  • Took first legal bet in New York State with RSI at Rivers Casino & Resort Sportsbook

 

“I’m pleased to report Q2 2019 was yet another positive period for Kambi, delivering solid financial growth despite the lighter sporting calendar, and signing new customer agreements to keep up our positive commercial momentum.

Kambi’s Q2 revenue increased 23% year-on-year while operator turnover grew by 26%. Operator trading margin was 8.2%, slightly higher than our expected long-term average. Across the first six months of the year, Kambi revenue was €42.6m, an increase of 25% on H1 2018.

It was during Q2 last year that the US Supreme Court decided to repeal the country’s federal sports betting ban, a judgment I said at the time would create significant business opportunities for Kambi. Looking back over the past 12 months, I’m proud to say we’ve built a robust US-facing business with a fantastic portfolio of partners, and I continue to have great confidence in our future prospects.

The development of the competitive landscape in the US has certainly been dynamic, with operators and suppliers taking a variety of strategic routes. For some, joint ventures or M&A have been the preferred choice, while for our multiple US customers, the decision to partner with Kambi has brought them immediate success, and long may that continue.

As the number of regulated states steadily increases over the coming years, so too will the number of attractive opportunities. The fact Kambi has proven its ability to deliver in the US, coupled with our ongoing US investments in people and products, puts us in a good position to convert the best of these opportunities.

Although much focus is on the US, Kambi continues to explore opportunities globally. In this regard, I am delighted we signed another new customer in Q2, with BetWarrior the latest to join the Kambi network. Although a new operator, BetWarrior is led by an experienced and ambitious management team, one which plans to target countries in Latin America, a region where we’ve seen positive regulatory developments of late.

I’m also pleased that we strengthened our partnerships with National Lottery and the Rank Group. National Lottery has taken the Kambi sportsbook into Moldova, having enjoyed strong growth in its home country of Bulgaria. Meanwhile, Rank will soon add the Kambi Sportsbook to its Spain-facing Enracha brand, and we’ll continue to power its Grosvenor Sports brand in the UK.

This remains an exciting time for Kambi and I look forward to seeing what the second half of the year brings.”

You are invited to participate in a report presentation at 10.45 (CET) with Kambi Group plc’s CEO Kristian Nylén and CFO David Kenyon. The presentation will be held in English via a telephone conference and can also be accessed via an audiocast using the link below.

Questions can be asked on the telephone conference or sent via the audiocast link. Please see details in the link below:

https://financialhearings.com/event/12004 

Numbers for participation in the telephone conference:

SE: +46856642704 UK: +443333009264 US: +18338230589

No pin required.

Link to the audiocast: https://tv.streamfabriken.com/kambi-group-q2-2019

 

About Kambi:

Kambi is a provider of premium sports betting services to licensed B2C gaming operators.  Kambi Group plc is listed on First North 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, Greenwood Gaming & Entertainment, Kindred Group, LeoVegas, Napoleon Games and Rush Street Interactive. Kambi employs more than 750 staff across offices in Malta (headquarters), Australia, Philippines, Romania, Sweden, the UK, and the United States

Kambi utilises a best of breed security approach, with guiding principles from ISO 27001. Kambi is eCOGRA certified. Kambi Group plc is listed on First North at Nasdaq Stockholm under the symbol “KAMBI”. The Company’s Certified Advisor is Redeye AB.


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Kambi Group plc Q2 Report 2019

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Caesars Entertainment Corporation to Report Second Quarter 2019 Results on August 5, 2019

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Caesars Entertainment Corporation to Report Second Quarter 2019 Results on August 5, 2019Reading Time: 1 minute

 

Caesars Entertainment Corporation will release its financial results for the second quarter 2019 after the market closes on Monday, August 5, 2019. The company will also host a conference call on August 5, 2019, at 5:00 p.m. Eastern Time, 2:00 p.m. Pacific Time, to discuss its second quarter 2019 results and other matters related to the company.

Participants should dial 877-637-3723, or 832-412-1752 for international callers, and enter Conference ID 1353149 approximately 10 minutes before the call start time. The call will be accessible on the Investor Relations section of Caesars Entertainment’s website at https://investor.caesars.com.

A recording of the live call will be available on the Investor Relations section of the Company’s website for 90 days after the event.

 

About Caesars Entertainment:
Caesars Entertainment is one of the world’s most diversified casino-entertainment providers and the most geographically diverse U.S. casino-entertainment company. Since its beginning in Reno, Nevada, in 1937, Caesars Entertainment has grown through development of new resorts, expansions and acquisitions. Caesars Entertainment’s resorts operate primarily under the Caesars®, Harrah’s® and Horseshoe® brand names. Caesars Entertainment’s portfolio also includes the Caesars Entertainment UK family of casinos. Caesars Entertainment is focused on building loyalty and value with its guests through a unique combination of great service, excellent products, unsurpassed distribution, operational excellence and technology leadership. Caesars Entertainment is committed to environmental sustainability and energy conservation and recognizes the importance of being a responsible steward of the environment.

 

Source: Caesars Entertainment Corporation


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Caesars Entertainment Corporation to Report Second Quarter 2019 Results on August 5, 2019

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2019 NBA 2K League Playoff Preview

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2019 NBA 2K League Playoff PreviewReading Time: 2 minutes

 

STUDENT VS. TEACHER: When Celtics Crossover Gaming and Mavs Gaming collide in the Playoffs, it will be a special moment for two of the NBA 2K League’s most dynamic point guards: Celtics Crossover Gaming’s Albano “oFAB” Thomallari and Mavs Gaming’s Artreyo “Dimez” Boyd (left). oFAB credits Dimez for teaching him how to play NBA 2K. Ironically, Dimez was the No. 1 overall pick in the 2018 Draft and his student followed him as the No. 2 overall pick. The series begins on Wednesday, July 24 at 6 p.m. ET.

THE DIFFERENCE A YEAR MAKES: After missing out on the playoffs in the 2018 season, five teams that participated in Season One – Mavs Gaming, Kings Guard Gaming, Warriors Gaming Squad, Pacers Gaming, Celtics Crossover Gaming – will make their NBA 2K League playoff debuts. With Golden State awarded a playoff berth by winning THE TICKET powered by AT&T, the other four teams earned their spot by finishing with a top seven regular-season record. In fact, Boston, led by point guard Albano “oFAB” Thomallari (left), won nine games in a row in a late surge to clinch their first playoff berth.

ELITE EIGHT: Eight teams – Blazer5 Gaming, Mavs Gaming, 76ers GC, T-Wolves Gaming, Kings Guard Gaming, Pacers Gaming, Celtics Crossover Gaming, and Warriors Gaming Squad – have qualified for the 2019 Playoffs and will compete for a total prize pool of $720,000, with the winning team taking home $360,000 and the NBA 2K League Championship trophy. The Playoffs will tip off Wednesday, July 24, with the best-of-three quarterfinals and semifinals tak-ing place over three days of gameplay, and will culminate with the best-of-five 2019 NBA 2K League Finals on Saturday, August 3.

NEW HORIZONS: The NBA 2K League announced Tencent as its first distribution partner in China. Tencent will stream condensed 2019 Playoff and Finals games to its hundreds of millions of daily users.


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: 2019 NBA 2K League Playoff Preview

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