Sports betting platform and systems provider Kambi Group has lauded its ability to ‘weather COVID-19’s profound impact on the sporting calendar’ as the cancellation of live sports hinders business operations during the quarter. Publishing its Q2 2020 report, Kambi revealed that ‘the combination of resilient betting volumes and a gradual return of major leagues and sports, complemented by significant cost …
Read More »
Sports betting platform and systems provider Kambi Group has attributed a period of sustained growth to a ‘strong soccer performance’ and continued US expansion. Publishing its Q1 report for the three month period ended 31 March 2020, Kambi noted a 33% increase in revenues, rising from €21 million in Q1 2019 to €27.9 million. Despite a reduced sports schedule from …
Read More »
Stockholm-listed sports betting platform and systems provider Kambi Group Plc has reported a strong close to 2019 trading, which has been driven by a significant increase in partner wagering volumes recorded across its commercial pipeline. Publishing its full-year 2019 accounts, Kambi posted another consecutive quarter of double-digit growth by recording Q4 2019 group revenues of €27m (Q42018: €22m). Meanwhile, its full-year 2019 …
Read More »
Following the news that DraftKings is buying its own sports betting platform in the form of SBTech, Kambi has made the move to halt trading in its shares after its stocks plunged 30%. As a result, a statement has been released by Kambi Group’s CEO Kristian Nylén in order to try and ease concern amongst investors. The statement read: “Kambi …
Read More »
Publishing its Q3 2019 trading update (period ending 30 September), Kambi Group has detailed strong progress on its regulated market agenda combined with the strengthening of its US commercial pipeline. Despite trading on a ‘quiet sporting calendar’ competing against World Cup 2018 comparatives, Kambi has recorded a 12% increase in Q3 2019 revenues to €23.million, up from €20.5m in Q3 2018, and …
Read More »
Global sports betting provider Kambi has finalised a multi-state contract extension agreement alongside the sports-tech and media entertainment company, DraftKings. Under the terms of the new extension, provisions have been outlined for the extension of the Kambi-DraftKings partnership into a further eight states, including: Colorado, Indiana, Iowa, Maine, New York, Pennsylvania, Tennessee and West Virginia. Kambi CEO Kristian Nylén explained: …
Read More »
Stockholm-listed sports betting platform provider Kambi Group Plc has attributed its success during Q2 2019 to a growing number of partnerships across both Europe and the US, despite facing ‘tough comparatives including the 2018 football World Cup’. Recording a revenue figure of €21.6m, a jump from the previous figure of €17.6m, Kambi has moved towards forging new partnerships across European markets. …
Read More »
Stockholm-listed sports betting platform and software supplier Kambi Group Plc has confirmed that it will support the launch of new online sportsbook property – ‘BetWarrior’. BetWarrior is the new venture of former PokerStars executives Morten Tonnesen (enterprise CEO) and José del Pino ( enterprise COO), who seek to establish the brand as a challenger bookmaker within European and LATAM markets. …
Read More »
Stockholm-listed sports betting platform supplier Kambi Group Plc has strengthened its partnership with Bulgarian National Lottery operator JSC securing an ‘extended sportsbook agreement’. The enhanced partnership will see Kambi continue to act as lead sportsbook supplier of JSC’s flagship 7777.bg brand within the Bulgarian market, a contract Kambi has maintained since 2017. In addition, JSC has commissioned Kambi to support …
Read More »
Stockholm-listed sports betting platform and software supplier Kambi Group Plc has confirmed the appointment of current board member Cecilia Wachtmeister as Executive Vice President of Business and Group Functions. A seasoned executive in tech enterprise and commercial development strategies, Wachtmeister has formerly advised the Kambi board since 2017. Wachtmeister is the former VP of Global Account management for Sony Mobile (2016-2018)and ten-year …
Read More »
SBC News Voice of the Sports Betting Industry