Tag Archives: Kristian Nylén

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 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 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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Kristian Nylen, Kambi: AI the next step as betting driven forward by tech

SBC News Kristian Nylen, Kambi: AI the next step as betting driven forward by tech

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 …

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Kambi rebalances network in Q3 as new deals brighten future prospects 

SBC News Kambi rebalances network in Q3 as new deals brighten future prospects 

Kambi Group Plc has reaffirmed its long-term commercial prospects following strong Q3 trading in which it has secured transformative agreements with Svenska Spel and LiveScore Group. Publishing its Q3 2023 trading update, the Stockholm-listed sports betting technology group achieved corporate revenues of €42m, up 15% on Q3 2022 comparatives of €37m.  Headline growth was achieved despite Kambi registering a lower …

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LiveScore to overhaul sportsbook platform in Kambi partnership

LiveScore Group CEO Sam Sadi

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 …

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Kambi supports 711’s Netherlands sportsbook ambitions

ComplianceOne steps up Dutch efforts with NOGA membership

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 …

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Kambi wins Svenska Spel ‘sportsbook diversification’ tender 

SBC News Kambi wins Svenska Spel ‘sportsbook diversification’ tender 

Kambi Group Plc has won an exclusive commercial tender to enhance and diversify the end-to-end sportsbook capabilities of Svenska Spel. Announced as a ‘major coup’ for the Stockholm-listed technology group, Kambi will power ‘Svenska Spel Oddset’, the flagship sportsbook brand of Sweden’s state-owned gambling and lotteries group. Svenska Spel has enlisted Kambi to supply all sportsbook-related provisions to deliver a …

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Kambi secures Swedish renewal with ATG

SBC News Kambi secures Swedish renewal with ATG

Kambi Group Plc has renewed its multi-channel sportsbook supplier agreement with AB Trav och Galopp (ATG), Sweden’s horse racing and trotting monopoly. The Stockholm-listed technology group will continue to provide ATG with its comprehensive end-to-end sportsbook solution, inclusive of AI-powered trading systems. This Swedish partnership, active since 2018, has allowed Kambi to deliver customised trading solutions for ATG’s retail network …

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Kambi deepens LeoVegas links with BetMGM UK support

SBC News Kambi deepens LeoVegas links with BetMGM UK support

Kambi and LeoVegas have detailed continued momentum for their long-standing partnership, with the former supporting the UK launch of BetMGM. A so far solely US-facing brand of the MGM Resorts International group, BetMGM is being taken live in the UK using LeoVegas’ platform and utilising Kambi’s sportsbook services, including its Bet Builder and AI-powered algorithmic trading capabilities. LeoVegas Group has …

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