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1xBet Shut Down In The UK

Online gambling operator 1xBet has shuttered its UK-facing site after a Sunday Times investigation sparked a local regulatory probe.
On Sunday, the Timesreported that the UK Gambling Commission (UKGC) had launched a probe into the activities of 1xBet, which until this weekend had operated in the UK under a white-label deal with platform provider FSB Tech. Since Friday, the UK-1xbet.com website features only a splash screen stating ‘this site is not currently available.’
FSB says 1xBet’s UK customers needn’t fear for the safety of their account balances, but FSB did say it was reviewing its relationship with 1xBet. FSB added that it had always complied with its own UK regulatory obligations.
The Times probe claimed that some of 1xBet’s operations in other jurisdictions offered betting markets on cockfights and under-19 athletic competitions. 1xBet was also slammed for advertising on video file-sharing sites, which UKGC licensees have been prohibited from doing since 2016.
However, 1xBet’s biggest no-no may have been operating what the Times called a ‘pornhub casino,’ which apparently involves topless croupiers. The site also reportedly employed advertising featuring female cartoon nudity that linked back to the UK site, so while this cartoon crumpet was removing her knickers, the knickers of the UK’s anti-gambling moralists are now well and truly in a bunch.
A 1xBet spokesperson told the Times that its alleged faults were likely the result of “third-party networks or partners.” 1xBet pledged to “immediately” investigate how their ads appeared on “prohibited sites or sites which break the law,” apparently having missed all the recent news reports on the 1xBet logo’s ubiquity on pirate video sites.
1xBet began life as a Russian betting operator but has since launched overseas operations based in Cyprus and licensed in Curacao. These operations recently earned a spot on Russia’s online gambling payment processing blacklist.
1xBet’s UK public profile got a significant boost in recent weeks thanks to signing betting partnerships with three prominent football clubs: Barcelona, Liverpool and Chelsea, adding to the company’s existing deal with Tottenham. The future of these UK deals would now seem to be in serious jeopardy.
UK BOOKIE COMPLAINTS SOAR The Times’ piece on 1xBet came just days before the BBC’s Panorama program scheduled an episode detailing a surge in customer complaints against gambling operators. Using UKGC data, the program said there were 8,266 complaints filed in 2018 versus just 169 in 2013.
UKGC CEO Neil McArthur told the broadcaster that the surge wasn’t necessarily a wholly bad scenario, because it suggested that “consumers are demanding more of the gambling operators. And I would encourage them to continue to do that.”
The program focused on the experiences of a few individual gamblers, including ‘Amanda,’ who claimed to have lost £633k betting with online operator Jackpotjoy. She also claimed that Jackpotjoy offered her incentives to continue gambling after episodes in which she lost significant sums on the site.
Amanda said Jackpotjoy reps would contact her by phone or email if she’d neglected to gamble for even a single day. She said the company “never questioned whether I could actually afford to spend £50k a night.”
Jackpotjoy told the broadcaster that it was “deeply sympathetic” regarding Amanda’s “unfortunate personal circumstances” but said that it had followed its regulatory requirements regarding social responsibilities, including “the use of deposit limits, cooling-off periods and alternative withdrawal methods; tools which Amanda was aware of and used during the time she played with us.”

Source: Calvinayre.com

https://preview.redd.it/s1ru4gmtnlg31.png?width=1045&format=png&auto=webp&s=9bcd599a143c21671463cd0706fd7c8835974a33
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Kambi Share Price Warning - KAMBI:FN Stockholm Stock Quote - Kambi Group PLC

I found this on a computer i just bought from a stock trader in Stockholm, detailed research, perhaps i should short this one.
And for all of you who are concerned - it is all public info, this guy just did the math:

Kambi

Share Price History
On the 8th of June 2014 Kambi closed trading at 35.40SEK. In a period of 6 months the share price rose dramatically from 52.50SEK on the 8th of October 2015 to 152.00SEK on the 17th of April 2016. From July 2016 up until July 2018 the share price was in decline and closed trading on the 23rd of July at 67.50SEK. Throughout 2018 and the beginning of 2019 the price continued to rise and closed on the 28th of October at a price of 250SEK. Since that massive peak the price has been dropping (with some small peaks along the way) and closed on the 1st of September at 165.00SEK.1
Analysis
1 https://kambi.com/investors/share-information#958649297-2241684852
2 https://www.reuters.com/article/idINL8N1CP0IG
3 https://kambi.com/888-holdings-plc-selects-kambi-kambi-group-plc
4 https://www.kambi.com/kambi-group-plc-signs-sportsbook-deal-bulgarias-national-lottery-ad
5 https://calvinayre.com/2017/10/27/press-releases/kambi-leovegas-agree-long-term-contract-extension/
6 https://calvinayre.com/2017/07/26/business/kambi-sports-solutions-revenue-rises-profit-plunges/
7 https://www.kambi.com/kambi-group-plc-enters-sportsbook-agreement-draftkings
8 https://www.kambi.com/kambi-group-plc-signs-sportsbook-deal-global-gaming-555
9 https://www.kambi.com/kambi-group-plc-agrees-commercial-partnership-white-hat-gaming
10 https://kambi.com/kambi-group-plc-signs-sportsbook-deal-parx-casino-owner-greenwood-gaming-andentertainment-inc-0
11 https://www.kindredgroup.com/media/press-releases/2018/kindred-selects-kambi-for-nj-sports-bettingplatform/
12 https://www.gamblinginsider.com/news/7467/kambi-share-price-falls-following-draftkings-sbtech-reports
13 https://www.globenewswire.com/news-release/2019/08/22/1905221/0/en/Kambi-Group-plc-signs-contractextension-with-DraftKings.html
Summary
The share price has grown in the past 5 years 466% (35.40SEK – 165SEK) which is a large profit for original investors.
Based on the history of the past 5 years, Kambi’s share price is volatile and fluctuates based on deals with large clients and PR. Even mere news about signing or losing a client sends the price to move dramatically.
Public Projection
In recent publications and reviews Kambi Group Plc stocks are predicted to continue to raise in the coming years and are considered a reasonable safe investment14.

Our Investigation

Customers leaving
  1. Kambi’s deal with Novomatic up to date is entirely functional and they haven’t signed any deals as a conjoined team, leading to believe that the peak in share price in 2016 was unfulfilled and incorrect.
14 https://finance.yahoo.com/news/kambi-groups-sto-kambi-169-043231121.html
15 https://www.gamingintelligence.com/business/40810-spain-s-luckia-drops-kambi-platform-in-favour-of-sbtech
16 https://www.sbcnews.co.uk/features/2019/08/20/888-guy-cohen-purchases-paspa-poke
https://www.marketscreener.com/888-HOLDINGS-PUBLIC-LIMIT-4005509/news/888-Public-H1-2019-Financial-Results-29182341/
17 linkedincom/pulse/grove-report-94-survey-says-chris-grove/
​
Negative Press
  1. Kindred powered by Kambi have been placed on the blacklist in Switzerland18, pointing to illegal activity (Kindred are in deeply linked with Kambi - Kambi is B2B subsidiary of UniBet which is the original name of Kindred)19
Summary
Looking at the final Quarter of 2019 and the beginning of 2020 the future doesn’t look bright for Kambi. Two of their biggest genuine clients (ignoring their spinoff Unibet) - DraftKings & 888 Holdings are poised to quit, and add to the mix our reports that R Franco are looking to leave Kambi. These moves indicate that Kambi are a product big customers’ are afraid to rely on. In addition we see in other news that that they aren’t as squeaky clean as they proclaim they are.
Since Kambi is a company which its value is solely based on PR and clients, we strongly believe based on our extensive research, contrary to popular belief Kambi’s value is going to drop and its share price will be trading below 100SEK in the near future and continue to drop. If they lose Draftkings and 888 Holdings they will struggle to recover, as Draftkings is their main ticket into the United States.
Advice
Based on the analysis and predictions, our advice to our in-house brokers and advisors is to recommend selling Kambi shares and not to purchase. On the bright side, long term investors have earned tremendously from recent growth.
18 https://www.casinonewsdaily.com/2019/09/04/bet365-unibet-and-1xbet-domains-blacklisted-in-switzerland/
19 https://en.wikipedia.org/wiki/Kindred_Group
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1xbet review 2019 video

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1xbet review 2019

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