Tag Archives: Kambi Group

Nylén increases shareholding in Kambi as business becomes hot property

Kambi

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 …

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Anders Ström fund bulks up shareholding in Kambi to 20%  

Veralda Group, the investment fund of sports betting pioneer Anders Ström, has executed a series of share buys to increase its ownership in Kambi Group Plc.  This afternoon, Kambi disclosed that Veralda had completed three back-to-back tranches of Kambi transactions on the Stockholm Nasdaq, authorised between 27 October and 19 November 2021. It said: “Veralda Investment Ltd acquired 777,624 shares …

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Kambi strengthens Dutch footprint with BetEnt deal

Kambi strengthens Dutch footprint with BetEnt deal

Ahead of the Dutch market opening on 1 October, Kambi Group has signed a multi-year partnership with BetEnt to support the launch of its BetCity.nl-branded online sportsbook. Through the agreement, BetCity.nl will benefit from access to Kambi’s technology and sports betting offer, as well as its experience with compliance and sports integrity.   Kristian Nylén, CEO of Kambi, said: “Kambi is …

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Kambi rides high from all market comeback

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 …

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Kambi plans for red hot summer to follow record-breaking Q1 results  

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 strengthens Belgian market position via Napoleon extension

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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Ström’s Veralda sells 2% shareholding in Kambi Group 

Veralda, the private investment fund of Swedish sports betting tycoon Anders Ström, has confirmed the sale of 675,000 shares in Kambi Group Plc. The share sale was executed yesterday, with Veralda divesting 2% of its current equity in Stockholm-listed Kambi for a purchase price of SEK 462 per share (€45). The transaction placed with private Swedish and institutional private investors …

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Kambi powers RWWA sportsbook upgrade

Kambi powers RWWA sportsbook upgrade

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 upgrades 2020 results following strong Q4 close

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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Ian Freeman appointed Chief Revenue Officer at FSB

TrueLayer

Online sportsbook and iGaming supplier FSB has welcomed Ian Freeman to its senior management team as its new Chief Revenue Officer. As Chief Revenue Officer he will report directly to CEO Dave McDowell at the firm’s London office, and will be responsible for developing its sales and business development teams as well as creating and deploying business critical strategies. FSB …

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