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 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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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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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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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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Kambi Group Plc has signed an exclusive multi-year agreement to serve as the lead sportsbook technology provider of Loterie Nationale – Belgium’s national lottery operator. The Stockholm-listed technology group confirms that it has won Loterie Nationale’s ‘competitive tender’ to overhaul the omnichannel capacity of its flagship ‘Scoore!’ sportsbook unit. Kambi will be tasked with relaunching Scooore’s online sportsbook platform while …
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Sports betting platform and systems provider Kambi Group has lauded its ability to ‘weather COVID-19’s profound impact on the sporting calendar’ as the cancellation of live sports hinders business operations during the quarter. Publishing its Q2 2020 report, Kambi revealed that ‘the combination of resilient betting volumes and a gradual return of major leagues and sports, complemented by significant cost …
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Sports betting platform and systems provider Kambi Group has attributed a period of sustained growth to a ‘strong soccer performance’ and continued US expansion. Publishing its Q1 report for the three month period ended 31 March 2020, Kambi noted a 33% increase in revenues, rising from €21 million in Q1 2019 to €27.9 million. Despite a reduced sports schedule from …
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