[bsa_pro_ad_space id=1 link=same] [bsa_pro_ad_space id=2]

Skip to Content

Tag Archives: Kambi

Kambi Group secures licensing approval in Nevada

Kambi Group, the home of premium sports betting solutions, has received approval for its Nevada gaming licence applications, marking a significant step towards launching in one of the world’s most iconic betting markets. The Nevada Gaming Commission has approved Kambi’s application for Manufacturer & Distributor Licenses and an Information Services License, following a unanimous recommendation…

Penn Entertainment transition fees hamper Kambi’s revenue growth

Sports betting platform provider Kambi saw underlying growth in Q3 with operator turnover up 14 per cent year-on-year. Although Q3 revenue was only up two per cent year-on-year, when excluding the Penn Entertainment transition fees and one-off license revenues in Q3 2023, revenue grew 16 per cent, although boosted by the unusually high operator trading…

Abios launches CS2 Bet Builder

Kambi Group division Abios has launched Bet Builder, player props and live market capabilities as it takes control of Counter-Strike 2 trading across the Kambi network Harnessing proprietary, automated modelling and real-time data from leading providers, Abios’ Counter-Strike trading services, including Bet Builder, are now available as standard to Kambi’s entire network of more than…

Kambi withdraws its financial targets for 2027

Kambi Group’s Board of Directors have withdrawn the company’s 2027 financial targets. In February, as it share price fell 30 per cent month-on-month and 47 per cent year-on-year, Kambi commenced a review of the underlying assumptions that formed its 2027 financial targets, which were first communicated in January 2023. Kambi’s 2027 financial targets were: revenue…

Kambi extends sports book partnership with Sun International

Kambi has announced a long-term extension to its multi-channel sportsbook partnership with African gaming powerhouse, Sun International, the operator of South African betting brand Sunbet.co.za. The latest agreement builds upon the successful collaboration in 2017 when the partnership was first established. The extension will see Kambi’s sports betting technology and services continue to power Sun…

UK – Kambi’s growth slows due to less new market openings and Penn migration

A slower roll-out of new markets and the impact of Penn Entertainment’s online migration dented Kambi’s growth last year and in the fourth quarter. Kambi’s revenue amounted to €44.3m for the fourth quarter of 2023, down from €57.8m and €173.3m for the period January to December of 2023, up from €166m. This provided underlying turnover…

Sweden – Kambi to power Svenska Spel’s online and retail sportsbook

Kambi Group has signed an exclusive long-term agreement to power the online and retail sportsbook of Svenska Spel Sport & Casino, the former Swedish monopoly operator. Following a competitive tender process, Kambi was selected by Svenska Spel Sport & Casino due to the strength of its sportsbook product, its commitment to upholding the highest levels…

UK – Kambi expands LeoVegas partnership with BetMGM international launch

Kambi Group, the world’s trusted sports betting partner, has expanded its partnership with LeoVegas Group with the launch of the BetMGM brand in the UK. Having been acquired by MGM Resorts International (“MGM Resorts”) in 2022, LeoVegas Group will undertake BetMGM’s casino and sports betting operations in the UK and leverage Kambi’s powerful suite of…

Brazil – Eyas Gaming partners with Lance!

Gauselmann Group partner, Eyas Gaming is collaborating with Brazil’s sports media company Lance! to develop and operate the brand from its offices in Gibraltar and Malta. “We are excited to collaborate with Lance!, one of Brazil’s leading independent media companies specialising in sports news. We believe this launch signals our ambition in creating lasting B2B…