Tag Archives: kambi

Kambi looks to stateside opportunities with sportsbook-centric Q3 strategy

SBC News Kambi looks to stateside opportunities with sportsbook-centric Q3 strategy

Kambi has underscored its ability to overcome potential regulatory hurdles and ‘capitalise on future opportunities’, highlighting the depth of its sportsbook offering and new M&A strategy. Publishing its Q3 trading results, the Stockholm listed sports betting technology supplier reported a quarterly year-on-year revenue increase of 48% to €41.6 million (Q3 2020: €28.1m) reflecting an 80% increase in revenue from the …

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Kambi strikes €26m deal to acquire Abios esports

SBC News Kambi strikes €26m deal to acquire Abios esports

Kambi Group Plc has this afternoon disclosed that it has reached an agreement to acquire live esports data and markets odds specialist Abios for a total consideration of SEK 270 million (€26m). The deal sees Kambi undertake its biggest corporate acquisition to date, providing the Stockholm-listed technology group with a new platform to expand its esports services within global betting’s …

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Tristan Wootton joins Fitzdares as new Director of Growth

SBC News Tristan Wootton joins Fitzdares as new Director of Growth

Fitzdares has strengthened its senior leadership team after naming Tristan Wootton as the company’s new Director of Growth. In his new role, Wootton will oversee Fitzdares’ growth strategy by “helping to scale the business, grow revenues in a responsible manner” as well as consider new opportunities for expansion in new markets. Commenting on his new role, Wootton said: “I am …

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Kambi completes sportsbook makeover of Belgium Scooore

SBC News Kambi completes sportsbook makeover of Belgium Scooore

In time for Euro 2020’s tournament kick-off, Belgium’s Loterie Nationale has relaunched its flagship ‘Scooore’ sportsbook property, following an overhaul of the brand’s core operating systems led by Kambi Group and TG LAB.  Last Autumn, Loterie Nationale – the operating firm of Belgium National Lottery – announced that it had selected Kambi and TG LAB as lead technology partners, tasked …

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Kambi to power LatAm debutant NG Gaming’s sportsbook drive

Kambi

Kambi Group will power the sportsbook ventures of newly launched South American market operator NG Gaming. The sportsbook technology systems supplier has disclosed that it has secured a commercial arrangement to serve as lead platform supplier for all NG Gaming sportsbook provisions, servicing the LatAm markets. The multi-year partnership will see Kambi support the imminent launch of Olimpo.bet – NG …

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Kambi restructures commercial team with Entain appointment

SBC News Kambi restructures commercial team with Entain appointment

Kambi Group Plc has restructured its business development unit after appointing former Entain Plc commercial lead Jamie McKittrick as new VP of Commercial Management alongside the promotion of Sarah Robertson to VP of Sales.  A 20-year industry executive, McKittrick will be responsible for managing the Stockholm-listed group’s commercial arrangements with third-parties, including formulation and oversight of data partnerships. Robertson, meanwhile, will …

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Kambi plans for red hot summer to follow record-breaking Q1 results  

SBC News Kambi plans for red hot summer to follow record-breaking Q1 results  

Kambi Group Plc has celebrated a record opening to 2021 trading, as the Stockholm-listed sportsbook technology provider achieved double digit growth across all core operating metrics and KPIs, as a result of its significant sportsbook network growth.  Publishing its Q1 trading update, Kambi registered group revenues of €43.2 million – up 55% on the €28 million recorded in 2020. Updating …

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Kambi defies Covid challenges with ‘record’ Q4 performance

Kambi

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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Winning Post: Q4 betting margins… Feeling lucky?

betting margins

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 upgrades 2020 results following strong Q4 close

SBC News Kambi upgrades 2020 results following strong Q4 close

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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