Sustained growth in new markets was a key driver of growth for Kambi, as the sports betting technology and systems provider declared a ‘record quarterly performance’. Publishing its Q4 2020 trading update, Kambi recorded revenues of €46.9 million, a 76% increase on the €26.7 million in Q4 2019. Revenues for the period from January to December 2020 totalled €117.7 million, …
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Regulus Partners kicks off 2021 by analysing how the pent-up demand for sports betting from Covid restricted consumers enlarged betting’s Q4 margins, as well as the House of Lords’ deep interest in the Gambling Act’s review… In the depths of the first wave of lockdowns, online sports betting was among the beleaguered sectors of the gambling industry, lacking key …
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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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FSB has strengthened its team ahead of its US entry after confirming the appointments of Larry Pelzer and Mike Van Ermen as the company’s new VP of Sales for North America and VP of Pre-Sales respectively. Pelzer will be based stateside, with his new role focusing on driving brand awareness and the introduction of FSB’s retail and online product portfolio …
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Requiring a deeper commitment of technology and software services, lottery operators have often proved to be difficult partners for sportsbook suppliers. Having recently won the contract to overhaul Belgium’s Loterie Nationale sportsbook capacities, Kambi Group Senior Business Development Director Sarah Robertson spoke to SBC News about why the sportsbook technology supplier is treating lotteries as a critical growth segment. SBC: …
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Sportsbook Training Services has agreed to deliver ‘a comprehensive suite of online trader training courses’ to Kambi. Led by Founder Jonathan Smith, Sportsbook Training Services offers a series of masterclasses on trading and modelling, covering the likes of basic bookmaking theory and practice to probabilistic concepts in sports betting. Posting on LinkedIn, Smith noted that these new courses supplied to …
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Kambi has gathered momentum during Q3 trading after the sports betting services provider recorded a record quarterly performance during the period. Kambi highlighted the ‘stark’ difference between Q2 and Q3, praising its ability to ‘quickly and efficiently’ respond to the challenges posed by the global lockdown and the return of live sport. Commenting on the results, Kambi CEO Kristian Nylén …
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As countries around the world were plunged into lockdown, punters turned towards the more niche betting markets such as Belarussian football, table tennis and lower-league Swedish football. But one issue that arose, in the case of the Swedish market, was the growing concern that the lower tiers of football may be more susceptible to match-fixing and betting corruption – which …
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With a lack of live sports markets over the last few months, betting companies and punters alike have switched their attention towards a range of new sports, leagues and betting opportunities – but doing so has resulted in fresh concerns regarding the integrity of such markets. Discussing how the pandemic has affected the ways in which companies approached the last …
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Kambi Group Plc has confirmed that it has secured an expanded client agreement with LeoVegas AB which will see it power sportsbook provisions for its BetUK and 21.co.uk subsidiary brands. This story featured in today’s SBC News 90. To view the latest round-up, watch today’s edition here. The contract expansion is secured as both parties agree terms on a new …
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