SBC News Legacy continues... Kambi secures Kindred contract extension

Legacy continues… Kambi secures Kindred contract extension

SBC News Legacy continues... Kambi secures Kindred contract extension
Kristian Nylén – Kambi Group

Stockholm-listed betting software provider Kambi Group Plc has today confirmed that it has successfully renegotiated its lead platform partnership with Kindred Group Plc.

The agreed long-term contract extension will be put before shareholders at Kambi’s forthcoming Annual General Meeting (Stockholm on 31 May), including revised terms for a convertible bond between the two enterprises.

The parties renewed contract agreement is set to become effective on 1 January 2018, as Kambi maintains its longest-running lead platform partnership with Kindred Group and its subsidiary sports betting verticals.

This Q1 2018, Kambi successfully delivered the ‘Stan James player migration project’ for Kindred flagship brand Unibet – completing a key 2018 initiative for the online gambling group.

Kristian Nylén, Kambi Group CEO, commented: “We are delighted to continue developing the successful partnership we have had with Kindred over the last five years and look forward to further contributing to its future success.

“During this time, Kindred has gone from strength to strength with its Sportsbook, demonstrating the quality of the service provided by Kambi.

“This contract extension is evidence of the quality, relevance and stability our scalable Sportsbook offers our customers as we continue to develop the best Sportsbook in the market.”

Should the contract extension receive shareholder approval, Kambi will have extended contracts with five of its largest customers within the last 12 months, securing key sources of revenues for the foreseeable future.

Backing Kambi as platform supplier, Henrik Tjärnström – Kindred Group CEO – stated: “With the extension of Kindred Group’s strategic relationship with Kambi, I am confident that we will be able to continue to build on our strong positive momentum and continue to take market share.”

Check Also

Anton Janer

Abios: Changing esports odds setting through automation and proprietary modelling

AI and automation are revolutionising many industries, including esports betting.  While many have come far, …

Betclic CEO Nicolas Béraud calls for regulation of French igaming

FDJ acquisition of Kindred Group gets regulatory clearance

La Française des Jeux’s (FDJ) acquisition of Kindred Group has officially been cleared by the …

SBC News KTO drives growth in Brazil with Kambi’s sportsbook

KTO drives growth in Brazil with Kambi’s sportsbook

Kambi has revealed an online sportsbook partnership with operator KTO Group. The multi-year deal, aimed …