Kambi Group Plc has celebrated a record opening to 2021 trading, as the Stockholm-listed sportsbook technology provider achieved double digit growth across all core operating metrics and KPIs, as a result of its significant sportsbook network growth. Publishing its Q1 trading update, Kambi registered group revenues of €43.2 million – up 55% on the €28 million recorded in 2020. Updating …
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Kambi Group has enhanced its position in the Belgian gambling and sports betting market via a multi-year extension of its partnership with Napoleon Sports & Casino. As a result of the extension, the sportsbook services developer will provide Napoleon with support such as instant betting offers, bonus tool box capabilities and differentiation levers across player-facing elements including front-end and odds. …
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Sustained growth in new markets was a key driver of growth for Kambi, as the sports betting technology and systems provider declared a ‘record quarterly performance’. Publishing its Q4 2020 trading update, Kambi recorded revenues of €46.9 million, a 76% increase on the €26.7 million in Q4 2019. Revenues for the period from January to December 2020 totalled €117.7 million, …
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Kambi Group plc has entered into a multi-year agreement to provide its technology and services to leading Argentinian gambling operator Casino Magic. The partnership will see Kambi support the launch of an online Casino Magic sportsbook in Argentina’s Neuquén province, with the country in the process of regulating sports betting on a province-by-province basis. Kristian Nylén, CEO of Kambi, said: “We are delighted to …
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Racing and Wagering Western Australia (RWWA) will carry out an upgrade to its retail and online sportsbook offering after signing a long-term partnership with Kambi Group. Through the partnership, RWWA will leverage Kambi’s technology to upgrade its current sportsbook offering across its shops and TABtouch online website. Kristian Nylén, Kambi CEO, said: “This is an important strategic partnership for Kambi. …
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Kambi Group Plc has recorded a favourable closing to 2020 trading, leading the sports betting technology and systems provider to upgrade its full-year results. During Q4, Kambi recorded a 2% increase in trading margin – up to 9.4% – as the technology group benefited from an ‘extended run of favourable sporting results, across multiple sports and all key markets’. The …
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Kambi has gathered momentum during Q3 trading after the sports betting services provider recorded a record quarterly performance during the period. Kambi highlighted the ‘stark’ difference between Q2 and Q3, praising its ability to ‘quickly and efficiently’ respond to the challenges posed by the global lockdown and the return of live sport. Commenting on the results, Kambi CEO Kristian Nylén …
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Kambi Group Plc has secured a major US market commercial agreement in becoming the lead betting technology supplier for Churchill Downs Incorporated (CDI) ‘BetAmerica’ sportsbook property. The announcement sees Kambi replace SBTech as BetAmerica’s lead sportsbook technology partner, as CDI’s marquee venture aims to become ‘America’s preeminent racing, online wagering and entertainment company’. Expanding its US footprint, Kambi has secured a …
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Kambi Group Plc has confirmed that it has secured an expanded client agreement with LeoVegas AB which will see it power sportsbook provisions for its BetUK and 21.co.uk subsidiary brands. This story featured in today’s SBC News 90. To view the latest round-up, watch today’s edition here. The contract expansion is secured as both parties agree terms on a new …
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Further to publishing its 2020 interim statement this morning, Kambi Group has disclosed that it has reached a ‘mutual agreement’ regarding the phased conclusion of its US wagering partnership with DraftKings Inc. In 2018, Kambi secured its highest-profile US partnership win, becoming lead wagering systems provider for leading fantasy sports operator DraftKings, beginning its new venture in the nascent US …
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