Tag Archives: Kristian Nylén

Kambi Group CEO Kristian Nylén has increased his personal shareholding in the company by 22,500 shares, as the firm seeks to secure greater control of its future strategic direction.  Nylén used the current exercise window to gain all of his 22,500 share options based on the 2018 buyback programming, thereby boosting his shareholding in Kambi from 720,000 to 742,500. The …

Kambi Group Plc has praised its diverse market make-up for  helping the sportsbook systems provider maintain year-on-year growth, irrespective of pandemic circumstances impacting its commercial pipeline.  Publishing its Q4 trading update, Kambi registered corporate revenues of €35 million, down 26% on corresponding 2020 results of €47 million. Q4 trading was matched against record-breaking 2020 comparatives for sportsbook clients. Performance was …

Kindred Group has announced two enhancements of its sports betting product, leveraging Kambi Group’s sports betting services whilst working to boost the scope of its own Kindred Racing Platform (KRP).  The three-year deal between the Stockholm Nasdaq-listed gambling groups will see Kindred utilise Kambi’s B2B sports betting platform until the end of 2026 as it looks to roll out its …

Legalised mobile sports betting in the state of New York is due to commence tomorrow (8 January), as the New York State Gambling Commission (NYSGC) approved licences for four operators.  Issuing an update this morning, the state regulatory body advised that each of the four licence holders had satisfied all necessary statutory and regulatory requirements for mobile sports betting.  Furthermore, …

Kambi has underscored its ability to overcome potential regulatory hurdles and ‘capitalise on future opportunities’, highlighting the depth of its sportsbook offering and new M&A strategy. Publishing its Q3 trading results, the Stockholm listed sports betting technology supplier reported a quarterly year-on-year revenue increase of 48% to €41.6 million (Q3 2020: €28.1m) reflecting an 80% increase in revenue from the …

Kambi Group Plc has this afternoon disclosed that it has reached an agreement to acquire live esports data and markets odds specialist Abios for a total consideration of SEK 270 million (€26m). The deal sees Kambi undertake its biggest corporate acquisition to date, providing the Stockholm-listed technology group with a new platform to expand its esports services within global betting’s …

Kambi Group Plc has expanded its commercial reach to the West Indies after becoming the exclusive online sportsbook platform provider of The Bahamas’ Island Luck casino.  Founded in 2009, Nassau-based Island Luck casino operates as the largest gambling enterprise licensed by the Gaming Board of The Bahamas. Kambi has secured a multi-year agreement to redevelop and re-launch Island Luck’s new …

Sports betting technology provider Kambi Group Plc has underlined its continued commercial momentum, securing Q2 revenues of €42.8 million, an operator trading margin of 9.3% and a net cash position of €84.5 million. Publishing its Q2 and H1 2021 interim results (period ending 30 June), Kambi generated period revenues of €86 million, up 102% on 2020 interim results of €43 …

In time for Euro 2020’s tournament kick-off, Belgium’s Loterie Nationale has relaunched its flagship ‘Scooore’ sportsbook property, following an overhaul of the brand’s core operating systems led by Kambi Group and TG LAB.  Last Autumn, Loterie Nationale – the operating firm of Belgium National Lottery – announced that it had selected Kambi and TG LAB as lead technology partners, tasked …