Tag Archives: kambi

Kambi to revamp network following unsatisfactory 2023 results 

SBC News Kambi to revamp network following unsatisfactory 2023 results 

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 …

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Kambi and PENN shake hands on retail sportsbook deal extension

SBC News Kambi and PENN shake hands on retail sportsbook deal extension

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. …

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Kambi signs Inspired as exclusive virtual sports provider 

SBC News Kambi signs Inspired as exclusive virtual sports provider 

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 …

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Shape Games’ Ulrik Restorp: empowering partners through tailored solutions

SBC News Shape Games’ Ulrik Restorp: empowering partners through tailored solutions

Ulrik Restorp, SVP of Products at Shape Games, took time out with SBCNews ahead of ICE London to share how the company aims to empower its partners through tailored solutions and help them create immersive and tailored experiences for their distinct markets.  ________________ In the dynamic landscape of the igaming industry, Shape Games stands at the forefront, not only as …

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Abios leaderboard 2023 details 56% of esports betting staked on Counter-Strike

SBC News Abios leaderboard 2023 details 56% of esports betting staked on Counter-Strike

Esports odds provider Abios, a wholly–owned subsidiary of Kambi, has published a leaderboard for 2023 that includes data and insights from the Kambi Network, highlighting the most important esports titles, leagues and markets based on betting turnover in 2023. The leaderboard features the most popular teams to bet on; the most popular leagues; the most popular markets/bet offers; live and …

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Kambi seeks new CEO as Kristian Nylén ends 14-year leadership term

SBC News Kambi seeks new CEO as Kristian Nylén ends 14-year leadership term

The board of Kambi Group Plc has announced this morning that Kristian Nylén has expressed his intention to step down as CEO of the Stockholm-listed sports betting technology group. Nylén, who co-founded Kambi in 2010, will resign from leadership duties upon the appointment of a successor, as the Board initiates a search for a new CEO. Having served as Kambi’s …

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Kambi reports records all round during World Darts Championship final

SBC News Kambi reports records all round during World Darts Championship final

Betting activity during the World Darts Championship final between Luke ‘The Nuke’ Littler and ‘Cool Hand Luke’ Humphries broke records for Kambi group.  The operator revealed that activity was up 45% compared with the 2023 final between Van Gerwen and Smith – making it the most gambled-on darts event in Kambi’s history following 16-year-old Luke Littler’s outstanding debut.  Simon Noy, …

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Kambi to supply Bingoal sportsbook across Belgium & the Netherlands

SBC News Kambi to supply Bingoal sportsbook across Belgium & the Netherlands

Kambi has signed a long-term partnership with Bingoal – a well known operator in both Belgium and the Netherlands. The deal will see the Malta-headquartered platform provider supply its complete sportsbook to Bingoal across its online and retail channels. Kristian Nylén, Kambi CEO and Co-Founder, commented: “We are delighted to announce our new agreement with Bingoal, an established European operator …

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Kambi activates €2.8m buyback programme to enhance capital structures

SBC News Kambi activates €2.8m buyback programme to enhance capital structures

The Board of Kambi Group Plc has initiated a share repurchase programme following the mandate approved by investors of the Stockholm-listed sports betting technology group at the Extraordinary General Meeting (EGM) on 19 June 2023. Initiated on the morning of the announcement, the buyback programme will run until 21 May 2024, allowing investors to repurchase Kambi Group plc shares up …

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Kambi: Under the Hood… Sports integrity and compliance

SBC News Kambi: Under the Hood... Sports integrity and compliance

Kambi goes ‘Under the Hood’ again this week courtesy of Director of Operational Compliance Paul Finnigen, who focuses on the technology behind sports integrity and compliance.  Paul Finnigen (Director of Operational Compliance, Kambi): The future of sports betting hinges on the crucial element of trust that consumers must place in sporting events. The role that Kambi and other sportsbooks around …

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