Kambi feels the burn of player friendly results
News on 6 Apr 2017
News on 6 Apr 2017
In a trading update, B2B managed sports betting services provider, Kambi has declared a player-friendly run on the outcomes of major football leagues has had a severe impact on its sportsbook margins which have been lowered to 5.9 percent, significantly lower than expectation.
Kambi said it now expected revenue for the first quarter 2017 to be Euro 14.2 million, costs in the range of Euro 12.8 – 13 million and EBIT between Euro 1.2 and 1.4 million.
“The underlying strong performance and momentum within the company is unaffected by the above events and we remain confident in our business model and the value we create for our operators,” a company statement reads.
