The demand is still there, operators and affiliates just need to tap into it

The demand is still there, operators and affiliates just need to tap into it

Harel Falk, VP Sales at Solitics, is confident there is still player demand during the coronavirus pandemic, as long as affiliates and online gaming operators are willing to pivot to other verticals.

Naturally, operators and affiliates offering mainly sports betting products have suffered a significant fall in revenue since the pandemic started, causing mass sporting cancellations.

However, online casino and other verticals have seen an uptake in volumes. Falk has even seen examples of online trading companies generating more turnover in the last three months than the whole of 2019.

Falk tells Gambling Insider: “The COVID-19 crisis has negatively affected sports betting operators. Almost all of them have been putting their efforts into transitioning their business to casino, e-sports and other verticals.

“Our dedicated teams have been working around the clock to support this transition, by making sure the data is transferred and the automation is implemented.”

Solitics is a real-time data management and automation company that enables B2C brands to personalise their players’ experience based on all their data, to increase conversion and retention.

With gaming companies forming 60-70% of Solitics’ revenue, Falk sees plenty of opportunity for online gaming companies.

Asked what advice he would give operators and affiliates during the coronavirus pandemic, he explains: “It’s pretty obvious to say their source of income has shifted.

“There’s an expression that goes ‘the cheese has moved’ and my advice would be to find the new sources of cheese.  There are tons of opportunities out there.

Falk also believes affiliates should be quick to decide how they pivot, not letting any revenue opportunities pass them by and increase the amount of verticals they operate in.

The Solitics exec says: “I’m sure there are loads of players searching for new outlets. Affiliates should take advantage of this and shouldn’t wait.

“They should increase the range of what they’re doing, the verticals they’re working in, and try to take advantage of those opportunities. The demand is there, it’s just a question of tapping into it.”

You can read the full interview with Falk in Trafficology April, to be published soon. Click here for the March edition.

It Did What?10 Secrets About Cannabis.

Cannabis can be found in different structures, and the medical advantages of cannabis are ever developing, here Tara Leo of CaliExtractions gives us knowledge with respect to the assorted advantages of the plant. 

Cannabis contains CBD which is a synthetic that impacts the cerebrum, making it work better without giving it a high alongside THC which has torment assuaging properties. The two substances can be extricated and improved for use through short way refining. Clients can get the accompanying medical advantages of cannabis. 

Alleviation of constant agony 
There are several concoction mixes in cannabis, a large number of which are cannabinoids. Cannabinoids have been connected to giving alleviation of ceaseless agony because of their concoction cosmetics. Which is the reason cannabis’ result, for example, clinical cannabis is normally utilized for incessant relief from discomfort. 

Improves lung limit 
In contrast to smoking cigarettes, when smoking cannabis as cannabis your lungs aren’t hurt. Truth be told, an investigation found that cannabis really helps increment the limit of the lungs as opposed to making any mischief. 

Help get more fit 
On the off chance that you glance around, you will see that the ardent cannabis client is normally not overweight. That is on the grounds that cannabis is connected to helping your body in controlling insulin while overseeing caloric admission proficiently. 

Direct and forestall diabetes 
With its effect on insulin, it just bodes well that cannabis can help direct and forestall diabetes. Research directed by the American Alliance for Medical Cannabis (AAMC) has connected cannabis to settle blood sugars, lower circulatory strain, and improve blood course. 

Battle malignancy 
One of the greatest health advantages of cannabis is its connection to battling malignancy. There is a decent measure of proof that shows cannabinoids can help battle disease or possibly particular kinds of it. 

Helps treat melancholy 
Sadness is genuinely boundless without a great many people in any event, realizing they have it. The endocannabinoid mixes in cannabis can help in settling mind-sets which can ease misery. 

Shows guarantee in mental imbalance treatment 
Cannabis is known to quiet clients down and control their disposition. It can assist kids with mental imbalance that experience brutal emotional episodes. 

Direct seizures 
Research directed on CBD has indicated that it can help control seizures. There are progressing studies to decide the impact cannabis has on people with epilepsy. 

Repair bones 
Cannabidiol has been connected to mending broken bones, stimulating the procedure. As indicated by Bone Research Laboratory in Tel Aviv, it likewise fortifies the bone during the time spent recuperating. This makes it harder for the unresolved issue later on. 

Assists with ADHD/ADD 
People with ADHD and ADD experience difficulty concentrating on jobs needing to be done. They will in general have issues with intellectual execution and focus. Cannabis has indicated guarantee in advancing concentration and helping people with ADHD/ADD. It is additionally viewed as a more secure option to Adderall and Ritalin.

You can find more information regarding cannabis and its uses on some of the most active cannabis forums .

I Love Growing Marijuana
This is basically the help page of the I Love Growing Marijuana site. It is a space for individuals to make sense of certain issues they’re having with their developing circumstance, and its excellence is that it is on the site of a legitimate and notable source. There are a colossal number of points and posts, running from amateur classes to indoor/open air, and considerably progressively explicit subjects (clinical, hydroponics, and so on.). At the end of the day, the I Love Growing Marijuana discussion is your one-stop shop to effectively develop weed.

Grasscity Forums
This  has pretty much anything you need on the off chance that you are keen on maryjane or are developing cannabis. There are an assortment of gatherings to browse. They have discussions on toking instruments (counting bongs, bubblers, water pipes, glass spoon pipes, vaporizers, E-cigarettes, etc). There are discussions essentially on the smoking and use of pot as a rule (counting an inquiry and answer segment). There’s a clinical Marijuana discussion that incorporates data, applications, clinical news, and industry news. Besides there are the Marijuana News Articles and Reform Discussions, and the supposed Chill Out Zone that incorporates way of life, general social gatherings, individuals’ accounts, music, sports, etc. As it were, in the event that you are carrying on with the pot way of life, you should be on this discussion.

Weedlist Forum
If you’re looking to buy weed online in Canada and would like to compare different online sellers based on grade and price then look no further.

Weed List is a mail order marijuana catalogue that allows visitors to easily compare thousands of products from trusted medical marijuana dispensaries in Canada to help make an informative decision about buying cannabis products online.

Weed List also has a forum where they interact with all the queries related to cannabis.

Can Blockchain Replace Secure Socket Layer (SSL Certificate)?

Well, although the question of whether blockchain can replace SSL certificates is debatable one, there is evidence to prove that blockchain has no capabilities to solve the problems that SSL certificate can solve. So the answer to this question is NO. This article will explain the concept of blockchain and Secure Socket Layer (SSL) certificates and give out the reasons as to why blockchain cannot replace SSL certificates. 

  • Secure Socket Layer (SSL Certificate)

SSL Certificate is not a new term in the technology world. Netscape first introduced it in 1994. SSL certificates have ever since been a critical player in the security of the most website and e-commerce stores.

Secure Socket Layer (SSL) certificate is the data file that is usually installed onto web browsers. An SSL certificate plays the role of allowing for a secure connection between web browsers (client) and the webserver. It achieves this by establishing encrypted links.

By encrypting the data that are being transferred, SSL certificates protect the websites and e-commerce stores from fraudulent activities that hackers might undertake whenever they get hold of the information. The reason for this is because the encrypted data goes through an undeciphered form, and it will be hard to establish its meaning. 

To websites and E-commerce stores, an SSL certificate plays essential roles. They encrypt crucial data, such as credit card details and transactions. They can also secure data transfers, act as hosts to ensure social media websites and also process logins. To achieve this, the SSL certificate makes use of a Cryptographic Key that provides critical validation of data sender and receivers. The cryptographic key will detail the server name, domain name, hostname, company name and location. 

A majority of SSL certificates also come with Transport Layer Security protocol that adds an extra security layer. 

Trusted Certificate Authorities only do issuance of SSL certificates. SSL certificates have for a long time, been instrumental in securing websites and has enabled a secure exchange of data. However, in the recent past, many sites have experienced an increase in the cases of SSL certificate vulnerabilities that have created loopholes for hackers to steal vital information. 

Technology specialists have, in turn, started to consider blockchain as a perfect replacement of SSL certificates. But does can blockchain supersede SSL certificates in creating complete security for websites?

 

 

In some ways, blockchain technology is similar to Secure Socket Layer certificates. Just like SSL certificates, blockchain technology also plays a critical role in authentication and securing of digital transactions. The two are essential layers of security in cybersecurity.

Blockchain technology gained its popularity due to the rise in the prices of bitcoins. The most common definition of blockchain is ‘distributed and decentralized public ledger.’ It is used to store digital information into a public database. An example of digital information that may be stored in the date, the time and the amount of purchase from Amazon. The record is made without any identifying information by using a distinctive digital signature.

Unlike SSL certificates, the roles played by blockchain are far from just securing digital transactions. 

To authenticate and secure digital transactions, blockchain uses a Blockchain Originated Certificate of Authenticity that allows users to transfer files across websites safely. This is the only similarity that exists between blockchain and SSL certificates.

Blockchain Originated Certificate of Authenticity uses sophisticated techniques in protecting the private information of the users. It also does not integrate the Public Key Infrastructure as in the case of SSL certificates. The level of security that is provided by blockchain technology is much far from asymmetric encryption and caching of public keys that is for the case of SSL certificates.

 

  • Past Loopholes That Come With Secure Socket Layer Certificates

 

Different versions of SSL certificates, especially the earlier versions that were released, also had several faults. For instance, SSL 2.0, which was the first version of the SSL certificate that was issued in 1995, had a weak MAC construction that made use of an MD5 hash function. This made it very vulnerable for several cyber-attacks.

Another perfect example is the SSL 3.0 that was released in 1996. This version had a fragile derivation process that entirely depended on the MD5 Hash function. This made it more vulnerable and less collision-resistant. The next versions of SSL certificates had these loopholes sealed.

  • Why blockchain cannot Replace SSL Certificate despite the flaws exhibited by SSL certificates

From the susceptibilities that SSL certificates have presented, FinTech experts now suggest that blockchain is the perfect replacement for SSL certificates. This is despite the alarmingly high rate of insecurities that come with blockchain technology. It is for the fact that blockchain technology brings forth more security features than those brought in by SSL certificates. 

However, blockchain does not hold what it should beat SSL certificates in the world of cybersecurity. Why is this so? First and foremost, blockchain does not have the human touch that is much needed to verify whether or not a user is legitimate. 

Secondly, blockchain technology has got a centralized trust, unlike secured Socket Layer, which has a trust established in different Certificate Authorities (CA). Blockchain technology thus eliminates the human factor from digital transactions that are seen in SSL certificates. 

This is a significant setback that comes with blockchain technology.

Blockchain technology does not solve the problem that a Secure Socket Layer certificate usually solves. SSL certificates try to match up the names and details of a business and a person, public keys and the domain names. Doing this requires some level of real-life facts, a feature that is represented by the Secure Socket Layer Certificate. 

Final Thought

SSL certificates have, for a long time, been used to provide security and privacy over the internet. However, they have depicted security flaws that put the user under a high threat of cyber espionage. Cybersecurity experts have then suggested blockchain technology to be a replacement. However, blockchain still does not have the human touch that is required to verify the legitimacy users. This fact alone disqualifies it to be a replacement of SSL certificates.

Ethereum’s PoS Developer CasperLabs Announces Own blockchain

According to a recent announcement, CasperLabs has decided to launch its own blockchain in collaboration with Singapore-based crypto exchange BitMax. CasperLabs is also the firm that is responsible for developing Ethereum’s Proof of Stake mechanism. 

Through CasperLabs’ Exchange Validator Offering (EVO), retail investors will get access to CLX tokens. As a part of the collaboration, BitMax will also offer a full node of the network to enable staking for retail sale participants. 

The total supply of CLX tokens will be 10 billion and investors will have access to 10% of those. After the mainnet launch, CasperLabs will roll out 20% of the total supply for circulation in the first year. 

The mainnet is scheduled to be launched in the third quarter of 2020, and all purchased tokens will have a 90 day lockout period after the launch. During this period, these tokens will participate in validator staking and earn staking rewards. Once the lockout period is over, the tokens will be rolled out gradually over the next nine months at a rate of 1/38th per week. Furthermore, BitMax announced that the sale will have a target of 3,000,000 USDT. You can know more about CasperLabs blockchain here

During the EVO, CLX tokens will be sold at $0.01 each, and the public sale later will be set at a minimum price of $0.02 per token.

The announcement further explains the sale mechanics, “CasperLabs has made no token offerings to date and all funding has been conducted via a standard Series A equity financing. The decision not to sell tokens was based on ensuring open access to the underlying system. […] CasperLabs, together with BitMax.io, is taking a novel approach to challenging the status quo of staking power consolidation amongst institutions by conducting the industry’s first EVO.”

CasperLabs CEO Mrinal Manohar clarified that the platform is specifically built to scale blockchains without losing decentralization and security.

Last year, CasperLabs nabbed in $14.5 million for its blockchain scalability solutions. 

Jack Dorsey Starts $1 Billion Fund to Fight the COVID-19 Pandemic

As per the recent reports, Twitter CEO and Square founder, Jack Dorsey has opened a new initiative named Start Small LLC and has funded it with $1 Billion which is approximately 28% of his wealth. Jack confirmed via twitter that the funds raised through this initiative will be used to support the global fight against the COVID-19 pandemic. He clarified that once the crisis is over, the remaining funds will be directed towards girl’s health, education, and universal basic income (UBI) initiatives. 

Explaining his inclination towards UBI and girl’s education, Jack mentioned, “Why UBI and girl’s health and education? I believe they represent the best long-term solutions to the existential problems facing the world. UBI is a great idea needing experimentation. Girl’s health and education is critical to balance”

While assuring that the funding will be completely transparent, Jack added that this initiative is the best long-term solution to the existential problems facing the world.

Talking about Start Small LLC, he clarified that all grants will be made from the foundation directly to the beneficiary organization. Furthermore, all financial transactions in this regard including sales and grants will be available publicly through a tracking sheet. 

Interestingly, Jack has extracted the entire funding amount from Square. He reasoned that he owns a lot more of Square than he does of Twitter. Hence it makes more sense to draw the funds from his Square shares. However, he acknowledged the fact that this initiative will benefit both Square and Twitter in the long run. He stated, “The impact this money will have should benefit both companies over the long-term because it’s helping the people we want to serve.”

Dorsey’s support for Bitcoin is well-known. BTC has been one of the most prominent revenue generators for Square’s CashApp. He recently offered the USE OF Square’s CashApp to distribute the U.S. stimulus package. 

We hope Jack’s initiative to donate and fund the fight against COVID-19 will be an example for others to come up and do their bit. 

Chronicle of the Latest Bitcoin Currency Changes

Bitcoin collapsed to $5678 on March 11 – the last time this cryptographic currency was so cheap was in May last year. The daily drop was 25%. Then the cost went up slightly and was about $6000.

Just a couple of weeks ago, bitcoin was worth about $10,000 per unit. The fall also affected other popular crypto values: Litecoin, Ethereum, XRP, Bitcoin Cash. On average, they fell in price by 25-30% per day. However, there are crypt-currencies whose rate is still holding: for example, Tether and USD Coin.

Simon Peters, an analyst of the eToro platform, thinks that the holders of cryptocurrencies started selling them because of the coronavirus spreading, which may have a strong negative impact on the global economy. The expert believes that due to the growing number of offers to sell bitcoin, the value of the cryptovite has subsided.

Further, Bitcoin continues to show interesting movements on the chart, falling slightly below $4 thousand. However, then it partly recouped the fall, “surfacing” to $5.3-5.4 thousand. 

Exchange rate volatility is reflected in the capitalization of cryptovoltaic currencies, which instantly lost over $63bn – following the bitcoin usually change rates and all other virtual money.

Experts consider such volatility of crypto values to be a normal phenomenon and are optimistic about the long-term outlook.

At the moment, crypto values are not going to playback the decline that happened last week, but on the contrary, they are still demonstrating further decline. Bitcoin briefly gained ground at slightly above $5k per unit, but then once again overcame the psychological mark and stayed below it. Currently, according to Coindesk, the rate of Bitcoin is $4.84 thousand per unit and bitcoin to PayPal conversion is still possible.

The decrease looks sharp, as on the eve the rate of Bitcoin went up, almost reaching the level of $6 thousand. Experts associated such behavior of the crypt currency with the decision of American financial regulators to reduce the base rate to almost zero, predicting another “rally” of the rate of virtual money. The Fed’s decision was explained by its fight against risks in Asian markets because of the coronavirus.

The decrease in the rate of Bitcoin and other cryptocurrencies, in turn, puts into question planned upgrades, which were going to be actively engaged owners of large mining farms.

In anticipation of growth

However, the interviewed analysts do not look forward to a continuous decline in prices for crypto. The value of cryptocurrencies may start to gradually recover in a few months, as prices of oil.

According to investors’ estimations, by the May quotes of the cryptocurrency should be at a higher level than now. The rates may recover by 7-15%.

In the future, quotations may show relatively stable dynamics in the absence of new shocks on stock exchanges. Moreover, the launch of new electronic coins – Libra (Libra) and Gram (Gram) may support the cryptomarket.

Crypt currency prices are also allowed to rise over the next few months, as investors may start actively buying digital coins again as coronavirus risks diminish.

 

Danske Spil Shuts YouBet Site over Mistake by Supplier SBTech

Denmark’s state-run gambling operator Danske Spil has shut its YouBet site this past weekend after discovering it had offered betting on Swedish lower league football matches. YouBet was powered by sports betting technology provider SBTech.

Danske Spil decided to shut the site after it found out that it had continued to offer sports betting markets on Swedish amateur football games, even though its parent had pulled such markets from its main betting operation, Oddset.

Denmark’s state-owned gambling business was recently subjected to heavy criticism for offering odds on lower-tier football leagues in neighboring Sweden at a time when all major sporting events are canceled.

Danske Spil blamed the YouBet incident on a “mistake of our supplier” and noted that it shut down the website as soon as it discovered the error.

The Danish operator and SBTech, a major supplier of technology for the sports betting industry, announced their partnership in the spring of 2018. The product of their collaboration – YouBet – was launched in March of that year.

The website was marketed as one targeting “fresh sports betting demographics”, while also entertaining online casino enthusiasts, and aimed to complement Danske Spil’s existing offering. Aside from betting on different sports and events, YouBet also featured more than 1,000 casino titles from global developers and live studios.

Offering What Is Available

Responding to criticism, the Director of Danske Spil’s sports betting unit Niels Folmann told local media outlets earlier that they offered what was available from international football right now.

Aside from taking wagers on Swedish amateur football, the Danish operator was also among the sportsbooks that accepted bets on the so-called “ghost” games, or matches that never happened, in Ukraine.

Mr. Folmann explained that those games slipped into their platforms because their current supply of options to offer to their players is extremely limited. Danske Spil refunded losing bets on the controversial Ukrainian matches.

News about the suspension of the YouBet operation over bets on lower-tier Swedish games emerge just days after Sweden’s former gambling monopoly, Svenska Spel, called on the country’s government to prohibit betting on the exact same games as the practice jeopardizes the safety of professional sports.

Danske Spil shutting the YouBet site came as the latest heavy blow to SBTech after the company recently became victim of a massive cyberattack that prompted it to power down its data centers around the world.

As a result, more than 50 sports betting businesses powered by its technology went offline for an entire weekend.

SBTech did not disclose the nature of the attack, but according to experts, the fact that sportsbooks powered by the provider were down for around or more than 72 hours suggested that the incident was not a direct denial of service (DDoS) attack.

SBTech said that all customer data had been encrypted, which prevented data from being compromised.

Source: Danske Spil shuts YouBet site for Swedish amateur footie bets

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Generation X Members Most Likely to Use Credit Cards to Gamble

Generation X, those born between 1965 and 1980, is the demographic cohort that is more likely to use credit cards for gambling purposes as opposed to millennial gamblers, according to a new research by payment services provider PXP Financial.

PXP Financial surveyed a group of delegates at this year’s ICE London gambling industry conference. The payments firm used the interviews it conducted as the base for its ‘A conversation about payments: Differences in generational betting’ paper.

The recently conducted research found that the majority of Generation X members (59%) use credit cards to gamble.

On the other hand, millennials, that is to say those born between 1981 and 1996, are most likely to use debit cards for gambling purposes. About 49% of all of PXP Financial’s millennial respondents said that debit cards were their primary payment form when it came to gambling.

This rose to 53% when the payments firm included the use of debit cards through eWallets. In comparison, only 29% of all surveyed Generation X members said that they used debit cards to place bets or play at casinos.

PXP said that the Generation Z demographic cohort is yet to have a major impact on the online payments and gaming sectors. However, the payment services provider said it believes this will change over time.

Looming Credit Card Ban

The results from PXP Financial’s survey are revealed just days before the implementation of a credit card gambling ban in the UK.

Among the respondents at ICE London, 55% said that the looming ban would have a negative effect on the gambling industry. Among the Generation X members who participated in PXP Financial’s survey, about 67% said that the credit card gambling ban would have a negative effect on the sector.

It was in January when the UK Gambling Commission announced that a ban on the use of credit cards for gambling purposes would be introduced. The new rule is set to take effect on April 14 and aims to reduce gambling-related harm and protect vulnerable people.

Millennials are the group that spends the most while gambling, according to PXP Financial’s survey. About 52% of the survey’s respondents said that those born between 1981 and 1996 were the biggest spenders when it came to gambling.

However, at 33%, the majority of Generation X respondents said they believed their own generation was the one that spent the most on gambling.

Commenting on their recently released paper, PXP Financial CEO Koen Vanpraet said that it is their goal to “understand trends within various markets and how they will affect our clients.”

He added that they hope the insights provided “within this sentiment research will provide the industry with greater understanding of its target groups and help our clients with their market strategies.”

Source: How different generations pay for online gambling revealed – and UK credit card ban is bad news for Gen X

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West Virginia Could Legalize Betting on Political Events

West Virginia could become the first state to allow its sportsbooks to take bets on political events after FanDuel briefly offered odds on the upcoming presidential election Tuesday night.

The sports betting operator had the odds up for about 15 minutes after posting them but then took them down entirely and removed the Politics tab from its West Virginia site and betting app.

In a press release earlier on Tuesday, FanDuel said that it would begin taking wagers on the presidential election and that it has partnered with the West Virginia Lottery to “bring these markets into a legal, regulated sportsbook.”

However, after pulling the odds down, the company issued a follow-up statement saying that while the markets were initially approved by the West Virginia Lottery, the agency has asked FanDuel to “refrain from offering the markets” until the Lottery has time to “fully work through the implications and research it further.”

The Lottery issued a similar statement shortly after the operator’s hit the wire.

West Virginia legalized sports betting in the spring of 2018, even before the US Supreme Court struck down a long-standing federal ban on the practice in May of the same year.

FanDuel operates a small sportsbook inside The Casino Club at The Greenbrier resort in White Sulphur Springs. In addition, the company launched a digital wagering product in West Virginia in the summer of 2019.

Could Political Betting Become a Thing in US?

As mentioned above, West Virginia could be poised to become the first state in the US to permit betting on political events. However, if the state indeed goes forward with this plan, this raises a series of questions, including ones related to the legality of offering odds on elections.

The federal Commodity Trading Commission has previously said that gambling on elections should not be authorized.

In addition, betting on political events seems to be prohibited under West Virginia law. The state Code reads “it shall be unlawful to bet or wager money or other thing of value on any election held in this state.”

In a strange time when global sport is almost entirely canceled, gambling operators are working closely with regulators in states where betting is legal on what other wagering markets they can offer to their customers.

eSports has become a particularly popular option as multiple competitions are under way. Operators are also suggesting other options, including betting on reality shows.

During the very brief period West Virginia bettors were able to place wagers on the presidential election, FanDuel offered odds on the presidential election winner, the Democratic nominee winner, the Democratic Vice President nominee, and the winning party.

The company said it accepted more than one bet and that it has promptly returned the money wagered by those of its customers who managed to place bets on the upcoming presidential election.

While FanDuel appears to be ready to resume taking wagers on political events as soon as the West Virginia Lottery permits this, its rival DraftKings is taking a more cautious approach toward the opportunity to expand its offering beyond sports.

The company said Tuesday that while they are “excited about the possibility of offering odds on politics and elections to our customers in West Virginia, we are taking the time to ensure we evaluate the opportunity thoroughly before posting any lines.”

Source: West Virginia Poised to Become First State to Allow Political Gambling

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Kambi to defer executive salaries and apply for government support

Kambi has announced a series of cost-cutting measures and will apply for financial support packages from the Swedish and UK governments.

Despite the coronavirus pandemic bringing major sport to a halt, Kambi has announced “strong” Q1 revenue expected to be in the range of €27.5-28.0m ($29-30m), with its cash balance at the end of the quarter in the range of €45-47m.

In the last week, however, the sports betting supplier says revenue has been as low as 25-30% of Q4 2019 levels.

Based on the measures Kambi plans to implement, operating expenditure in Q2 2020 will be 10-20% lower than Q4, with “associated savings in capitalised development costs” of 20-30%.

The measures put in place, along with certain by-products of the current situation, include:

  • Applying for financial support packages designed to protect jobs, recently announced by Swedish and UK governments
  • Kambi board members, its CEO and executive management have agreed to salary deferrals of 20%, 15% and 10% respectively
  • Significantly reduced travel and marketing costs
  • A freeze on staff recruitment and a substantial reduction in data costs associated with fewer sporting events

Kambi, though, did warn the “unlikely event” of the sporting calendar remaining this inactive would create an average quarterly cash outflow of between €7m-€9m after Q2.