Tag Archives: Kristian Nylén

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 strengthens Dutch footprint with BetEnt deal

Kambi strengthens Dutch footprint with BetEnt deal

Ahead of the Dutch market opening on 1 October, Kambi Group has signed a multi-year partnership with BetEnt to support the launch of its BetCity.nl-branded online sportsbook. Through the agreement, BetCity.nl will benefit from access to Kambi’s technology and sports betting offer, as well as its experience with compliance and sports integrity.   Kristian Nylén, CEO of Kambi, said: “Kambi is …

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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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Kambi leads sportsbook makeover of Island Luck Bahamas

Kambi Group Plc has expanded its commercial reach to the West Indies after becoming the exclusive online sportsbook platform provider of The Bahamas’ Island Luck casino.  Founded in 2009, Nassau-based Island Luck casino operates as the largest gambling enterprise licensed by the Gaming Board of The Bahamas. Kambi has secured a multi-year agreement to redevelop and re-launch Island Luck’s new …

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Kambi rides high from all market comeback

Sports betting technology provider Kambi Group Plc has underlined its continued commercial momentum, securing Q2 revenues of €42.8 million, an operator trading margin of 9.3% and a net cash position of €84.5 million. Publishing its Q2 and H1 2021 interim results (period ending 30 June), Kambi generated period revenues of €86 million, up 102% on 2020 interim results of €43 …

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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 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 strengthens Belgian market position via Napoleon extension

Kambi Group has enhanced its position in the Belgian gambling and sports betting market via a multi-year extension of its partnership with Napoleon Sports & Casino. As a result of the extension, the sportsbook services developer will provide Napoleon with support such as instant betting offers, bonus tool box capabilities and differentiation levers across player-facing elements including front-end and odds. …

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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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Kambi launches Argentine vision with Casino Magic

Kambi

Kambi Group plc has entered into a multi-year agreement to provide its technology and services to leading Argentinian gambling operator Casino Magic. The partnership will see Kambi support the launch of an online Casino Magic sportsbook in Argentina’s Neuquén province, with the country in the process of regulating sports betting on a province-by-province basis. Kristian Nylén, CEO of Kambi, said: “We are delighted to …

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