Tag Archives: kambi

Kambi Group plc has signed a partnership with the Mohegan Pennsylvania casino for the provision of its sportsbook offering to a number of retail locations.  Kambi’s sportsbook will be onboarded to more than 20 kiosks that are part of the main Mohegan Pennsylvania entertainment venue, as well as the Mohegan Pennsylvania at Lehigh Valley Race and Sportsbook. Kristian Nylén, Kambi …

Kambi’s latest commercial performance report has painted a strong start to the year, with elevated commercial expectations for Euro 2024.  Net cash was at €46m compared to the €61.2m in Q1 2023. According to David Kenyon, CFO at Kambi, this balance sheet is enough to give customers assurances that Kambi “is here for the long haul”.  Kenyon also suggested the …

Kambi Group plc has teamed up with BetMakers to see the latter’s Price Manager fixed odds offering onboarded to Kambi’s sportsbook.  The solution combines BetMakers’ price management ability together with its automated trading strategies and proprietary pricing, which will strengthen Kambi’s racing product currently available on the market.  Jake Henson, CEO of BetMakers Technology Group, said: “BetMakers is thrilled to …

Anders Ström, Kambi Chair, and Kristian Nylén, Group CEO, have reflected on a year of strategic and operational progress, as 2023 saw a shift in the firm’s business model. Addressing investors, the duo reflected on a year which saw €173.3m in revenue, multiple operator signings and partnership extensions, as well as sportsbook launches, amongst other successes. Speaking of the Stockholm-listed …

Sports betting provider Kambi has updated its esports offering by integrating esoccer odds into its sportsbook platform.  The latest addition integrates data straight from Kambi’s esports subsidiary Abios, utilising real-time stats from rights holders, together with automated modelling overseen by a trading team.  Kambi also plans to expand its partners’ access to Abios’ data streams from events across ebasketball, Counter-Strike …

Kambi Group plc has announced that it will further utilise the buyback mandate received at the Extraordinary General Meeting on 19 June 2023.  Following on from previous programmes undertaken since the EGM, the Stockholm-listed betting and gaming supplier’s Board of Directors have decided that the buyback programme will run until 20 May 2024, with a total of up to €4m. …

With 2024 shifting into third gear, Kambi had a lot to discuss about its new technologies and market ambitions going forward.  Sarah Robertson, SVP of Sales at Kambi, met SBC Media’s very own Content Director Ted Menmuir at the recent ICE London event to talk about the sportsbook provider’s new motto “Together we are limitless” and some of the plans …

Kambi Group Plc has declared that it has achieved a ‘stronger foundation for growth’, following a difficult close to year-end trading which impacted its full-year 2023 results. Publishing its Fourth Quarter and FY2023 results this morning, the Stockholm-listed sports betting technology group registered a 23% decline in Q4 revenues to €44.3m (Q42022: €58m). The decline in period revenues was attributed …

Kambi Group plc has inked a new deal with PENN Entertainment that extends their previous sportsbook platform agreement past the July 2024 expiry date.  Now lasting until 31 December 2025, the partnership will enable Kambi to continue supplying PENN’s retail US casinos with its sportsbook solutions lineup, such as kiosks, point-of-sale terminals, odds boards, and Bring Your Own Device technology. …

B2B gaming company Inspired Entertainment has signed a new agreement with sports betting firm Kambi Group plc to integrate the Inspired Virtual Sports product suite into the latter’s sportsbook platform. The agreement to sign Inspired as an exclusive virtual sports partner was reached after a ‘rigorous competitive procurement process’ undertaken by Kambi. For Inspired, company CEO and President Brooks Pierce …