Kambi has announced an enhancement of its sportsbook platform, via a strategic investment in gaming start up Virtus Sports. The deal, concluded for £500,000 (€565,000), sees Kambi take a stake of just over 25% in the firm, with the investment paid in net cash, which as of December 31 of last year stood at €26.9m. Under the terms of the …
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Publishing its Q4 2017 trading update (period ending 31 December), industry sports betting platform provider Kambi Plc has detailed a strong finish to its full-year trading. The Nordic Nasdaq-listed enterprise, reports Q4 2017 revenues of €19 million a 33% increase on Q4 2016’s €14.3 million, with performance aided by favourable sporting results recorded during the period. A strong revenue momentum …
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Industry sportsbook platform and technology supplier Kambi Group Plc, has confirmed that it has secured a multi-year contract extension with Belgian partner Napoleon Games. Kambi informs that Napoleon Games a client since 2012 has agreed to a long-term commitment utilising Kambi as its lead systems supplier for its online and retail betting provisions. Updating the market, Kristian Nylén Kambi Group Chief …
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Kambi Group has signed a ‘multi-channel agreement,’ to provide its sportsbook and technology services to gaming and hospitality group Sun International. The South Africa facing online sportsbook currently operate SunBet.co.za, and will migrate to the Kambi end-to-end sports betting solution, supported by a Bede Gaming backend platform, before launching into additional markets. Kristian Nylén, CEO of Kambi, said: “We are …
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Updating the market, Kambi Group Plc has informed that it has secured a multi-year contract extension with Stockholm-listed online gambling group LeoVegas AB, which will see the firm continue to act as lead sportsbook platform supplier for LeoVegas Sports. The contract extension follows the successful launch of LeoVegas Sports in 2016, which has become one of Kambi’s fastest growing clients. …
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Presenting its Q3 2017 trading update (period ending 30 September), Nordic Nasdaq-listed Kambi Group Plc has detailed a robust corporate performance despite trading against a tough Q3 2016 comparative period featuring the UEFA Euro 2016 Championships. Updating investors, Kambi sustained a positive period revenue performance of €14.8 million, which sees the sports betting platform supplier generate €43 million for its …
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Sports betting provider Kambi has deepened its relationship with media conglomerate Televisa, through the debut of its sportsbook to the Mexican online market. Televisa’s gaming arm PlayCity has unveiled its new sports betting site, and the launch of PlayCityApuestas.com follows last year’s deal, which saw 16 of its land based casinos furnished with the retail product suite of Kambi. Kristian …
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Updating the market, Nordic Nasdaq-listed Kambi Group Plc has detailed that it has strengthened its supplier position within the Italian betting market, having secured the lead sportsbook platform provisions partnership for StarVegas Italia. The partnership will see Greentube-owned StarVegas launch a ‘premium sportsbook’ product utilising Kambi platform and system provisions. This week, Kambi detailed that it had launched the initial …
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The continued expansion of regulated markets coupled with increased tax burdens has shifted the sports betting industry to favour third-party solutions, according to Kambi Group Chief Commercial Officer Ian Freeman. Speaking exclusively to SBC, Freeman highlighted the growth enjoyed by its long-term customer 888sport, with which Kambi extended its partnership deal on Wednesday, as proof the ‘outsourcing model has never been so relevant’. “The …
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Nordic Nasdaq-listed industry sports betting platform provider Kambi Group Plc has confirmed that it has entered a services agreement with Bulgarian licensed gaming group National Lottery AD. The agreement will see Kambi become lead betting platform and technology provisions supplier for National Lottery AD’s digital gaming brand 7777.bg, which is considered Bulgaria’s most popular lottery and gaming destination. Last year, …
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