US – Kambi to power online and on-property sports betting at Mohegan SunBy Phil - 28 March 2019
Kambi Group has signed an agreement to provide its online and on-property sportsbook to Mohegan Sun, Mohegan Gaming & Entertainment (MGE)’s signature US integrated entertainment resort located in Connecticut.
Following a competitive process, MGE selected Kambi in part due to its track-record of lawful and responsible delivery in the US, including the quality and flexibility of its sports wagering products, trading and risk management capabilities and unrivalled speed to market – both online and on-property.
While sports wagering has yet to be regulated on an intrastate basis in Connecticut, Mohegan Sun supports pending state legislation to legalise the activity as early as this year. Under existing tribal-state agreements between the Mohegan Tribe and the State of Connecticut and similar agreements with the other federally recognised tribe in the state, commercial casino games are operated exclusively by the two federally recognised tribes. In the meantime, the Kambi Sportsbook will be integrated into Mohegan Sun’s iPro gaming platform to power a free-to-play sportsbook, enabling Mohegan Sun patrons to familiarise themselves with the Kambi product ahead of a regulated real-money launch.
Due to the uncertain regulatory timetable, Kambi is unable to guide on what impact, if any, the deal will have on its 2019 revenues, however, the strategic alliance is expected to generate material income in future years.
Kristian Nylén, Kambi Chief Executive Officer, said: “Kambi’s strategy in the US is to partner with the biggest and best gaming operators each state has to offer. In Mohegan Sun, not only have we partnered with one of the two largest casinos in Connecticut, but also one of the leading gaming and entertainment destinations across the whole of the country.”
Aviram Alroy, VP of Interactive Gaming for Mohegan Gaming & Entertainment, said: “Mohegan Sun’s goal is to utilise our brand and strong presence in the state and after a long vetting process, we found that Kambi was best positioned to complement that, as they’re the most sophisticated and comprehensive Sportsbook out there.
“That, along with a highly experienced and responsive team, placed Kambi well above the competition in the selection of a sports betting strategic partner in Connecticut.”