Kambi has announced a sportsbook partnership with US casino and entertainment company Bally’s Corporation. The long-term deal sees the sports betting platform provider enhance Bally’s online and retail sportsbooks via the provision of its solution to deliver online and retail sports betting entertainment to Bally’s customer base. Kristian Nylén, Kambi CEO and Co-Founder, stated: “We are pleased to enter into …
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Kambi sees a bright 2023 opening weakened by FX shocks
Kambi Group Plc has reported a strong commercial start to 2023 trading despite its financial performance being impacted by negative FX headwinds. Publishing its Q1 2023 trading update, the Stockholm-listed sportsbook supplier showcased strong growth in both revenue and operator turnover, generating revenues of €44m, a notable 18% increase from €36.9m in Q1 2022. Headline growth was attributed to the …
Read More »Abios’ Anton Janér: an incredible journey and an even brighter future
Esports data and statistics specialist Abios notched up 10 years of trading last month. Here we speak with Abios Co-founder and CTO Anton Janér who shared his thoughts on reaching that milestone, as well as some of the key developments that have shaped the company en route. Congratulations on reaching your tenth anniversary. Can you tell us more about the …
Read More »Kambi strengthens LatAm footprint with Colombia sportsbook extension
Colombian sportsbook operator Corredor Empresarial S.A has renewed its partnership with international B2B betting solutions provider Kambi. The Stockholm-based firm will continue to provide its Corredor’s BetPlay brand, supporting its domestic operations in Colombia as well as plans for business expansion across other Latin American markets. This falls in line with both Corredor’s long-term growth strategy whilst also strengthening Kambi’s …
Read More »Kambi, BetMGM and Caesars secure Puerto Rico sportsbook licences
Jaime Rivera Emmanuelli, the Executive Director of the Puerto Rico Gaming Commission, has confirmed the nine organisations that have been granted licences to operate sports betting facilities in the self-governed US overseas territory. Hosting a press conference, Emmanuelli unveiled Puerto Rico’s new regulatory framework for sports betting, co-developed in partnership with the island’s Sports Betting Bureau. Sports betting in Puerto …
Read More »Kambi navigates cost-heavy 2022 to hit ‘all-time high’ €166m revenue
Kambi has its 2027 financial targets in its sights after recording a strong close to 2022 trading, reporting its highest ever full-year revenues, albeit with a reduced profit margin due to heavier expenses. The firm ended 2022 with revenue up 2% to €166m (€162.4m), lauded as an ‘all-time high’ figure, driven by a record number of new partner signings, but …
Read More »Kambi: removing barriers for end users is the greatest challenge
The greatest challenge for any sportsbook is removing barriers for the end users, according to Erik Logdberg, Chief Operating Officer at Kambi, who delved into how the sports betting provider has transformed its offerings over the last two years. Speaking at this year’s ICE London 2023, Lodgberg expressed that, along with removing said barriers, providers must create “more exciting offerings” …
Read More »Kambi expands US footprint with Potawatomi Casinos & Hotels
Kambi Group plc has announced an omni-channel sportsbook partnership with Potawatomi Casinos & Hotels – a multi-property operator with locations in Milwaukee and Carter, Wisconsin. Potawatomi will now open the first sportsbook in Milwaukee, which is set to become European sportsbook technology supplier’s 22nd live US state, including 20 self-service kiosks along with additional kiosks at a second location in …
Read More »Abios esports betting review shines a guiding light for the year ahead
Abios, the data and odds provider subsidiary of Kambi, has published a review of esports betting, drawing on data from the Kambi network. Tracking the market’s latest developments, it highlights the most popular esports titles, leagues and teams based on betting turnover in 2022. The piece, said the firm, delivers insights into how the esports landscape has developed and provides …
Read More »Kambi sees Q4 growth soothe 2022 macro impacts
Kambi Group Plc is confident that it will bounce back strongly from a difficult 2022 as the sportsbook technology supplier establishes new financial targets based on strategic growth areas. Publishing its Q4 trading update, the Stockholm-listed technology group achieved corporate revenues of €57.8m, up 66% on 2021 comparative results of €35m. Period trading saw Kambi rewarded with a €12.6m termination …
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