Tag Archives: kambi

Kambi clears Q1 hurdles as 2022 opening is dragged by DraftKings & Dutch dramas   

Kambi Group Plc maintains confidence in achieving its 2022 commercial and operating objectives, despite a tough start to year trading.  Publishing its Q1 trading results (period ending 31 March), the Stockholm-listed sports betting technology supplier registered a 15% decline in corporate revenues to €37 million (Q1 2021: €43m). This fall in headline revenues was attributed to Kambi’s adjustment of former …

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Kambi promotes Cecilia Wachtmeister to Group CCO

Kambi Group Plc has confirmed the promotion of Cecilia Wachtmeister as new Chief Commercial Officer (CCO) of the Stockholm Nasdaq listed sports betting technology group. A member of Kambi’s executive management team since 2019, Wachtmeister has formally served as the group’s EVP of Business and Group Functions.  An expert in tech enterprise and commercial development, Wachtmeister is the former VP …

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Kambi ‘will not stand still’ after navigating 2021 trading hurdles

Kambi Group has asserted that it will maintain momentum on its international development and investment strategy in 2022, after overcoming hurdles in the Netherlands and with regards to some of its operator partners.  Publishing its full year trading results for 2021, the group revealed a 38% increase in revenue to €162.4 million, (2020: €117.7m), whilst profit before taxation stood at …

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Sportradar bolsters US muscle to match Nasdaq vision

Sportradar finished its first year and first full quarter as a US Nasdaq listed company citing a strong commercial performance, capitalising the growth of the US sports betting industry. Updating investors in its Q4 and full-year 2021 trading report, the sports data and technology group revealed that its total revenue for the full year stood at €561.2 million, an increase …

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Kambi guarantees Day-1 presence for Ontario partners 

Kambi Group Plc has communicated to its North American sportsbook partners that it has secured its ‘day-1 presence’ for the launch of Ontario’s online gambling regime on 4 April  The Stockholm-listed sportsbook technology supplier has obtained its trusted supplier accreditation by provincial regulator the Alcohol and Gaming Commission of Ontario (AGCO). The approval will allow Kambi to supply its sportsbook …

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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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Kindred expands core sportsbook partnership with Kambi

Kindred Group has announced two enhancements of its sports betting product, leveraging Kambi Group’s sports betting services whilst working to boost the scope of its own Kindred Racing Platform (KRP).  The three-year deal between the Stockholm Nasdaq-listed gambling groups will see Kindred utilise Kambi’s B2B sports betting platform until the end of 2026 as it looks to roll out its …

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SBC Leaders: Rush Street will ‘keep trucking’ on local and international growth

With a new year comes new opportunities, and for Rush Street Interactive (RSI), the focus will remain on maintaining momentum on both the domestic US market and internationally.  Appearing in the latest episode of the SBC Leaders podcast Lauren Seiler, Associate Vice President of Investor Relations and Development at RSI, spoke to SBC Global Relationship Director Kelly Kehn about the …

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New York opening lauded as ‘huge moment’ and ‘significant milestone’ by European suppliers

Legalised mobile sports betting in the state of New York is due to commence tomorrow (8 January), as the New York State Gambling Commission (NYSGC) approved licences for four operators.  Issuing an update this morning, the state regulatory body advised that each of the four licence holders had satisfied all necessary statutory and regulatory requirements for mobile sports betting.  Furthermore, …

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Kambi extends multi-sport US-facing deal with Sportradar

Kambi will continue to leverage Sportradar’s US sports data offering, covering a range of prominent leagues and tournaments, under the terms of a five-year extension agreement. The contract renewal will see Sportradar continue to supply the international sports betting supplier with data from the National Basketball Association (NBA), National Hockey League (NHL) and Major League Baseball (MLB) as well as …

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