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Kambi Group profit drops 67% in first half of 2017

26th July 2017 9:54 am GMT
Kambi

Stockholm-listed sports betting provider Kambi Group has reported a steep fall in profit for the first half of 2017.

Revenue for the six-month period grew by 5 per cent to €28.3m, of which 52 per cent was derived from regulated markets, with second quarter revenue up 3 per cent year-on-year to €14.1m.

Kambi said that turnover from its operator partners grew by 16 per cent in Q2, although operator margins were lower than the expected long-term average at 6.3 [...]

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