Konami Gaming presented their latest releases and innovations at G2E Las Vegas 2024.
Press Release – Konami Gaming unveiled a broad array of casino games and technology during the Gaming Expo (G2E) Las Vegas from October 8 to 10, 2024.
World premieres of games, award-winning innovations in casino systems, and omnichannel entertainment options filled Konami's booth #1256 during event hours, allowing over 25,000 industry guests to experience it firsthand. In addition to making its first appearance to industry professionals on the G2E exhibition floor, “Bingo Frenzy Stampede™” by Konami went live at The Venetian Resort Las Vegas, right next to the exhibition space, as the world’s first installation of the original linked progressive series.
G2E visitors were the first to discover fan-favorite games, “All Aboard™”, available on all DIMENSION™ slot machines. At the same time, Konami’s casino management system SYNKROS® demonstrated its award-winning technology at this year’s G2E, encompassing facial recognition, artificial intelligence, mobile solutions, anti-money laundering / Title 31 compliance, and much more.
John Eary, Vice President of Marketing at Konami Gaming, said: “The high volume of new releases across Konami’s lineup at G2E 2024 was met with a high degree of interest from the casinos we serve.”
“Supporting future industry innovation and the long-term success of our casino clients is crucial for Konami, and for the leading concepts we revealed during this year’s G2E.”
“Bingo Frenzy Stampede” celebrated its world debut, industry premiere, and market launch during G2E 2024 with a prominent display, front and center at the Konami exhibition. This original series combines a popular slot machine credit prize mechanic with a bingo bonus feature of 5 in a row, allowing players to win random credit prizes, multipliers, and jackpot awards with colorful paint splashes from the game’s bingo dauber character.
This year’s event marked the industry debut of “All Aboard” on all DIMENSION gaming machines, including the stacked screen “DIMENSION 27™” and “DIMENSION 43×3™”. Other never-before-seen slot series introduced at G2E 2024 included “What the Duck™”, “Double Envelopes™”, “Mighty Mayan Chief™”, “Firedrake™”, and many more.
Chris Rowe, Vice President of Game Sales in North America at Konami Gaming, commented: “The ongoing depth and creativity of Konami’s game content is truly remarkable, as we see with entirely original series like ‘Bingo Frenzy Stampede’, ‘K-Pow! Pig’, ‘What the Duck’ and many more. Additionally, we are proud to celebrate the arrival of ‘All Aboard’ across the entire line of DIMENSION slot cabinets, reaching even more players and properties worldwide.”
“At the same time, recent releases like ‘Charms Full Link’ and ‘Lucky Honeycomb Fortune’ are achieving exceptional performance in the market, as they continue to expand to more and more venues.”
“K-Pow! Pig™” was among the highlighted omnichannel game releases from Konami for both online and land-based play. This original linked progressive series was showcased on the award-winning DIMENSION 49J™ machine, as well as in the igaming section of the Konami exhibition, highlighting the robust delivery of online HTML5 games through the company’s own remote gaming server (RGS).
In addition to the latest game series from the industry, G2E 2024 attendees encountered award-winning casino system technology, such as Konami’s mobile apps for employees Konetic™, the fully integrated Title 31 solution SYNK31™, and player biometric tracking solutions SYNK Vision™. Customizable progressive jackpots and mystery bonuses, designed to boost excitement in casino rooms, were showcased through SYNKROS Progressive Management. Visitors to Konami also had the pleasure of discovering SYNKROS Drink System, a customer-designed solution making its product debut at G2E.
Randy Caron, Vice President of System Sales at Konami Gaming, added: “There’s nothing that excites me more than a system operating with extremely high availability.”
Revenues increased from €42.1m in the third quarter of 2023 to €43m in the third quarter of 2024.
Press Release.- Kambi Group has published its financial summary for the third quarter of 2024. The report highlights revenues of €43m in the third quarter, compared to €42.1m in the same period of 2023. Revenues for the first nine months of the year amounted to €132m.
The company also recorded an operating profit (EBIT) in the third quarter of 2024 of €3.6m, with a margin of 8.3 percent (11 percent), and €14.2m, with a margin of 10.7 percent (9.9 percent) in the first nine months of the year.
The EBITA (acq) for the third quarter of 2024 was €4.9m, with a margin of 11.4 percent (14.1 percent), and €18.2 million, with a margin of 13.8 percent (13 percent), for the period from January to September 2024.
Cash flow (excluding working capital and mergers and acquisitions) amounted to €5.7m in the third quarter of 2024 and €19.2m in the first nine months of 2024. Earnings per share in the third quarter of 2024 were €0.83 euros and €0.345 in the first nine months of the year.
Kambi announced on November 6 a share buyback program from November 6, 2024, to May 20, 2025, up to a total of €12m.
Werner Becher, CEO of Kambi, stated: “It is an honor for me to present this report, the first as CEO of Kambi Group. I joined Kambi because I believe it is a company with great potential. After spending the last three months immersing myself in the business, that view has only been reinforced. Realizing this potential will require us to overcome certain challenges, but first I want to share my thoughts on a very busy time for Kambi:
“Regarding our financial results, we have recorded underlying growth in the third quarter, with a year-on-year increase in operator turnover of 14 percent. Although third-quarter revenues only increased by 2 percent year-on-year, if we exclude the transition fees from Penn Entertainment and extraordinary license revenues from the third quarter of 2023, revenues grew by 16 percent, albeit driven by the unusually high commercial margin of operators, at 10.4 percent.”
“From a strategic and commercial perspective, we have made excellent progress in our modularization strategy, deploying our expanded portfolio of premium products and establishing new and exciting partnerships. Among these agreements stands out the recently announced Odds Feed+ with Hard Rock Digital, one of the leading operators in the United States. I believe our Odds Feed+ product has an edge over other similar Odds Feed products on the market and I was encouraged by the interest it generated at the recent G2E gaming fair in Las Vegas.”
“While we have expanded the range of products we can offer to the market, we continue to see interesting opportunities for our turnkey sports betting solution, highlighted by the partnership with KTO, one of the fastest-growing operators in Brazil. KTO will switch to Kambi before the expected launch of the regulated Brazilian market early next year, having chosen Kambi over its current provider. We have also expanded our Turnkey Sportsbook partnership with Rush Street Interactive and look forward to supporting their continued growth across America in the coming years.”
“Looking ahead, Kambi’s client base will continue to evolve with, for example, Kindred and LeoVegas leaving our Turnkey Sportsbook, and with the addition of new partners in our broad product portfolio. One of my observations before taking up this post was that, although Kambi had seen some large operators leave in recent years, it continued to record growth, albeit modest, during this time. This gives me great confidence that, through the ongoing diversification of our products and our list of partners, we will increasingly reduce the potential impact of future partner movements and create a much more stable base for long-term growth.”
“Meanwhile, however, we must face the challenges that come with the loss of partner revenues. That’s why I’m particularly pleased with the recent progress we’ve made in modularizing our sports betting and expanding our revenue streams, with the aim of scaling these products within a couple of years. We are also closely examining our cost base and have identified areas where we believe we can operate even more efficiently in the future. This includes realizing additional synergies from acquisitions and further evaluating the use of artificial intelligence across the business, to reduce our underlying costs.”
“In summary, although we face some difficult headwinds in the short term, I see a bright future for Kambi as we become the home of the industry’s premium sports betting solutions. We have some exciting opportunities ahead, such as the great potential of our new products and the prospect of a regulated Brazilian market just around the corner. I am confident that, once we get through this transition period, we will have a more diverse, sustainable, and faster-growing business.”
