Publishing its Q4 2018 trading statement, Stockholm-listed sports betting technology provider Kambi Group Plc has reported that 2018 was “the most successful year in its history” following the group’s expansion into further regulated markets supported with solid growth across its commercial pipeline. Kambi reported that its trading period ending in December 2018 was that of a ‘record’, with its year-on-year …
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Kambi to power German market revival for mybet
One of Germany’s most recognisable sports betting brands, mybet, will be reintroduced to the country’s online market with a new sportsbook powered by Kambi. Due to the recent insolvency of its previous owner, MyBet Holding SE, mybet was withdrawn from the market in the fall of 2018 following 15 years of operation. However, the brand and digital assets have since …
Read More »Kambi strengthens US footprint with Pennsylvania casino partnership
Kambi has unveiled a multi-year agreement with Greenwood Gaming and Entertainment, owner of the largest casino gaming complex in the U.S. state of Pennsylvania, Parx Casino. The deal will see Kambi provide its sports betting platform, range of managed services and renowned land-based wagering experience to Parx Casino, which will later be complemented by the launch of a Parx-branded online …
Read More »Kambi leadership eyes ‘full US acceleration’ following record quarter delivery
Stockholm-listed betting platform and systems provider Kambi Group Plc, reports a ‘record-breaking performance combined with strong future prospects’, publishing its Q3 2018 trading update (period ending 30 September). Detailing growth across its core metrics and KPIs, whilst continuing to strengthen its commercial pipeline, Kambi records period group revenues of €20.5 million (Q3 2017: €15m), maintaining year-to-date revenue performance of €55 …
Read More »Kambi enriches US sportsbook offering with latest innovation
Betting software and platform supplier Kambi has unveiled its latest innovation to enrich its sportsbook offering in the US. The Teaser+ feature aims to deliver greater value to players by replacing the odds table used to price traditional teaser parlays in favour of in-house generated odds. Kambi has developed an innovative version of the popular teaser parlay, after implementing a …
Read More »Global Gaming to build new sportsbook muscle with Kambi Group
Stockholm-listed Kambi Group Plc has confirmed that it will act as lead sportsbook software provider for Global Gaming 555, as the company expands its existing product portfolio and services. Nasdaq-Stockholm counterpart Global Gaming, which has predominately served as a Pan-European igaming operator will launch its initial online sportsbook services, operating Kambi’s full suite of software provisions. Updating stakeholders, Global Gaming …
Read More »Kambi unites with DraftKings to create US sports betting history
In a historic move, following the launch of the Kambi-powered DraftKings Sportsbook, New Jersey punters have for the first time, been able to place online wagers in the post-PASPA U.S. market. Yesterday’s ground-breaking launch comes after Kambi and DraftKings, along with DraftKings’ land-based licensing partner Resorts Casino, were approved for an online sports betting Transactional Waiver from the New Jersey Division of …
Read More »DraftKings soft launches NJ mobile sportsbook product
Accelerating its US sports betting proposition, DraftKings has launched its New Jersey mobile app, bringing digital wagering to the Garden State. The fantasy sports operator has soft-launched its ‘DraftKings Sportsbook’ app, syndicated through its New Jersey licensing agreement with Resorts Casino () and developed in partnership with betting technology group Kambi Plc. The initial launch sees DraftKings operate an ‘invite …
Read More »World Cup fallout sees Kambi eyeing global growth
On the back of a successful second quarter of 2018, turnkey sports betting service Kambi is setting its sights on expansion across a number of key markets. Aided by the beginning of the Russia World Cup, hailed as “a huge success for Kambi and our operators, with turnover, revenues and active players reaching all time highs” by CEO Kristian Nylén, …
Read More »Kambi hails World Cup and SCOTUS in latest interim report
Sports betting technology and software supplier Kambi Group Plc has reported a strong financial performance in the group’s Q2 2018 interim report. Year-on-year revenues have shown a 25 per cent growth for the second quarter of 2018, reaching €17.6m (15.65m) from the previous years €14.1m (£12.54m), aiding a 20 per cent H1 jump from €28.3m (£25.1m) to €34m (£30.2m). Addressing …
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