Tag Archives: kambi

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 …

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, …

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 …

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 …

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 …

Kambi Group plc has appointed Anders Ström as the group’s new Chair of the Board, as Lars Stugemo makes the decision to step down. Stugemo notified the Nomination Committee that he does not intend to seek re-election at the Kambi Annual General Meeting (AGM) 2024. The committee then decided to propose Kambi Co-Founder Anders Ström be appointed as Chair at …

SBC provides as insiders view on LiveScore choosing Kambi Group as its new principal sportsbook technology provider. As new sportsbook supplier of LiveScore Bet and Virgin Bet brands, Kambi Chief Commerical Officer Cecilia Wachtmeister, states that Kambi will onboard its most technically ambitious partner. James McKay, Sportsbook Director of LiveScore Group, highlights the importance of Kambi tech in emboldening LiveScore’s …

Artificial Intelligence is the next major growth driver in the betting space according to  Kambi’s CEO Kristian Nylen following the group’s Q3 earnings presentation, and is an area the company intends to take strides in. As well as announcing its achievement of significant financial targets, such as a 15% increase in revenue to €42m, Kambi today revealed a new name …

Kambi will provide its sports betting solutions to LiveScore Group’s flagship sportsbook brands, with the planned rollout set to commence in the first quarter of next year. The Swedish B2B supplier expects the partnership to ‘contribute material revenue’ to its business during the second half of 2024 as its products are distributed across LiveScore Group’s global business. Terms of the …

Dutch online casino operator 711 has partnered with Kambi to leverage the sportsbook supplier’s products as it targets growth of its sports betting vertical.  The company will make use of the Swedish firm’s full sportsbook offering including its betting platform, Bet Builder and AI-powered trading products.  In anticipation of an enhanced sportsbook, the casino plans to apply for an expansion …