Tag Archives: Kristian Nylén

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 …

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 …

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 …

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 …

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 …

Kambi has secured a further rollout of its sports betting solutions in the US market, signing an agreement with the del Lago Resort and Casino in New York state. The Sweden-founded firm will support Churchill Downs-owned del Lago’s retail sportsbook operation with its betting products and services under the multi-year deal. Targeting a stronger sports betting offering after one year …

Kambi has reported the weekend’s Super Bowl LVII as its second largest turnover event of all time. The operator recorded a total of 25% of pre-game money placed on Bet Builder bets during Kansas City Chiefs’ triumph over the Philadelphia Eagles during the annual final playoff game of the NFL. Simon Noy, Kambi SVP Trading, commented: “Super Bowl LVII will …

One of Kambi’s longest-running sportsbook supply partnerships has been extended, as the firm puts pen to paper with African firm Sun International. As a result, the Stockholm-listed B2B solutions provider will continue to support Sun International’s multi-channel operations with its sports betting technology and services. Trading on the Johannesburg Stock Exchange, Sun International is a prominent operator in South Africa, …

Kambi Group Plc has secured a further US sportsbook partnership, becoming the on-property wagering technology provider of Ohio state’s Miami Valley Gaming and Racing. Operating since 2013, Miami Valley Gaming is the Ohio racetrack joint-venture property of Churchill Downs and Delaware North Companies. The partnership comes as Ohio, the seventh largest state in the US, launched regulated sports betting for …

Kambi Group and Rush Street Interactive (RSI) have agreed to an extension of their long-running transatlantic sports betting partnership, eyeing up growth opportunities in new markets. Stockholm-listed sports betting technology provider Kambi has further strengthened its standing in the North and South American markets via the renewal.  Kambi has served as RSI lead sportsbook solutions supplier since 2018, supporting the …