Kambi Group Plc is confident that it will bounce back strongly from a difficult 2022 as the sportsbook technology supplier establishes new financial targets based on strategic growth areas. Publishing its Q4 trading update, the Stockholm-listed technology group achieved corporate revenues of €57.8m, up 66% on 2021 comparative results of €35m. Period trading saw Kambi rewarded with a €12.6m termination …
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Whilst US states have rushed to launch their sportsbook regimes, market observers have been left frustrated by a conservative approach to legislating further igaming verticals. Frustrations were highlighted by a diverse panel of market stakeholders at the SBC North America Summit, scrutinising ‘iGaming’s convergence with Sportsbooks’. Four years since PASPA’s federal repeal, the US igaming market has yet to come …
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Whilst operators are highly motivated by the commercial opportunity offered by LatAm jurisdictions as the sector’s next boom markets. Regulus Partners warns of the perils of not executing a native approach to service ‘new world’ customers… Peru and Chile are likely to be joining Mexico, Colombia, and Argentina (province by province) as major LatAm countries which are offering domestically regulated …
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Providing further year-end perspectives, SBC has enlisted the help of Scott Longley of the Wagers.com Earnings+ More Substack to summarise the M&A, IPOs and boardroom shake-ups that have reformed gambling’s playing field make-up… When the Earnings+More newsletter (as it was then) launched in April, it was partly as a response to the expansion of the US-listed betting and gaming sector …
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Stockholm-listed sports betting platform and systems provider Kambi Group Plc has reported a strong close to 2019 trading, which has been driven by a significant increase in partner wagering volumes recorded across its commercial pipeline. Publishing its full-year 2019 accounts, Kambi posted another consecutive quarter of double-digit growth by recording Q4 2019 group revenues of €27m (Q42018: €22m). Meanwhile, its full-year 2019 …
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Xtremepush will emphasise the importance of real-time, personalised and automated messaging to maximise revenue from live betting at this week’s Betting on Sports. The firm’s multichannel engagement and analytics platform has been driving conversion during live events for sports betting and gaming clients such as Paddy Power Betfair, Oddschecker, Fortuna Entertainment, NetBet, Rush Street Interactive, 888 Holdings, SportPesa and Parimatch. Commenting ahead …
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Stockholm-listed betting platform and systems provider Kambi Group Plc, reports a ‘record-breaking performance combined with strong future prospects’, publishing its Q3 2018 trading update (period ending 30 September). Detailing growth across its core metrics and KPIs, whilst continuing to strengthen its commercial pipeline, Kambi records period group revenues of €20.5 million (Q3 2017: €15m), maintaining year-to-date revenue performance of €55 …
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Having launched Colombian sportsbook rushbet.co, Stockholm-listed Kambi Group Plc and US casino group Rush Street Gaming are set to expand their partnership within US shores. Last week, Rush Street’s digital subsidiary RSI debuted its new licensed Colombian online sportsbook rushbet.co, which has been developed by betting technology provider Kambi. Project stakeholders, detailed a quick and effective delivery of online sportsbook …
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