Kambi – Bookielink

October 23, 2024

What could the future hold for Kambi and OpenBet as platform consolidation slows?

Betting platform consolidation has slowed and as operators are turning to smaller, specialist technologies to bolster their sportsbooks, what does the M&A opportunity for incumbents like Kambi and OpenBet look like today?
In September a rumour that Genius Sports was eyeing a takeover of Kambi Group surfaced, resulting in both parties publicly dismissing the suggestion of ongoing talks. The chatter caused both share prices to dip briefly as the market considered what such a deal might look like.

One source at the time told iGB it wasn’t a good time for Kambi to get caught up in a buyout as it was navigating a transition period and ushering in new CEO Werner Becher. But analysts at Swedish investment bank ABG Sundal Collier have suggested that Kambi has been up for sale for a while.

When MGM announced on 24 June that it was acquiring Tipico’s US betting platform to help it move into Brazil and bring its LeoVegas European betting offering onto an in-house tech stack, ABG Sundal Colli..

October 23, 2024

What could the future hold for Kambi and OpenBet as platform consolidation slows?

In September a rumour that Genius Sports was eyeing a takeover of Kambi Group surfaced, resulting in both parties publicly dismissing the suggestion of ongoing talks. The chatter caused both share prices to dip briefly as the market considered what such a deal might look like.

June 18, 2024

How the sector is tackling competition this sporting summer

A packed sporting schedule means there are plenty of opportunities for gambling companies this summer to engage and target new customers. iGB spoke to a few industry leaders on targeting new betting markets and unique products helping them to stand out from the crowd.

Operators Betfred and Paddy Power and betting engine supplier Kambi are among those looking to capitalise and make significant revenue and customer gains throughout the packed summer sporting schedule, which is certain to excite sports fans.

The Euro 2024 kicked off on Friday and the Copa América starts this week, while the Olympic Games is set to take place in Paris as of 26 July with Wimbledon and the US Open to come in July and August.

The opportunity for the sports betting sector is clear, as more traction from these events will lead to increased activity across betting sites and ultimately more financial gain.

According to French gaming regulator L’Autorité Nationale des Jeux (ANJ), the country could see close t..

April 26, 2024

Kambi pens sportsbook deal with the Choctaw Nation of Oklahoma

Kambi Group has entered into a multi-state sportsbook agreement with Choctaw Nation of Oklahoma, one of the largest Indian Nations in the US.

Under the deal, Kambi will provide its sports betting technology and services to the Choctaw Nation’s gaming entities. This covers both online and retail sports betting.

The Choctaw Nation operates Choctaw Casinos & Resorts, which owns a network of gaming and hospitality destinations throughout south-eastern Oklahoma. Properties include its flagship casino location near to the Texas border.

The deal comes despite Oklahoma having not yet legalised sports betting and the placing of bets, either in person or online, remains illegal. This is despite the state having more than 130 Native American gaming and casino facilities.

Kambi, however, notes that the new agreement includes scope to expand into other states, both across online and retail, pending regulatory approvals.

“Landmark” sports betting deal for Kambi

Kambi’s CEO and co-founder Krist..

January 8, 2024

Kambi CEO Kristian Nylén announces resignation

CEO and co-founder of Kambi, Kristian Nylén, has notified the board of his intention to step down from his current position during the year, upon the appointment of a successor.

Nylén co-founded Kambi with Anders Strom in 2010. He has since built the company into one of the industry’s leading sportsbook suppliers.

It is understood that Nylén’s decision to resign is driven by his desire to spend more time with his family.

Commenting, Nylén said: “The decision to stand down from my position at Kambi after so many enjoyable years has been difficult, but one predominantly driven by my desire to spend more time with my young and growing family.”

Nylén plans to stand down from his current position during the year, upon the appointment of a successor.

The market has so far not reacted too heavily to the news. At the time of writing, Kambi’s share price was down 1.83%, to SEK160.50 (€14.79/ £12.29/ $15.69).

Timing of Nylén’s resignation

Nylén’s announcement follows a period of sustai..

October 6, 2023

Kambi to power 711’s expansion into Dutch online sports betting market

Sports betting solutions provider Kambi Group has partnered with 711 to support the online gambling operator’s expansion into the Dutch sports wagering market.

Under the deal, Kambi will provide 711 with its Complete sportsbook. This includes a sports betting platform, its Bet Builder offering and AI-powered trading products.

Belgium-based 711 currently only offers online casino to customers in the Netherlands via its internet casino games licence. The operator launched in the Dutch regulated market last year.

However, having partnered with Kambi, 711 will apply to Dutch regulator Kansspelautoriteit to extend this licence to also cover online sports betting.

“711 online casino has achieved strong growth since we debuted in the Netherlands,” 711 COO Gilles de Backer said. “It became clear that sports betting would be an important next step in the brand’s journey.

“By partnering with a leading sportsbook provider like Kambi, we are excited to be in a position to provide our growing..

July 26, 2023

Shape Games, operator margins lift Kambi Q2 results

Kambi Group CEO Kristian Nylén cited a high operator trading margin and the growing impact of the integration of Shape Games for driving a 24% rise in Q2 year-on-year revenue.

Kambi’s sales increased to €42.9m (£36.8m/$47.5m) from €34.7m in Q2 2022. This lifted H1 revenue to €86.9m, up from €71.5m last year.

“The second quarter of the year was another encouraging period for Kambi as we made significant strategic progress towards executing our long-term growth strategy, including a tier-one partner signing, key partner renewals and the continued development of our AI trading capability,” Nylén said.

Bally’s opportunities

The importance of a partnership with Bally’s Corporation in Q2 was also underlined.

“From a commercial perspective, we were delighted to welcome Bally’s Corporation to the Kambi network in Q2,” Nylén said. “As we further solidify our market leadership position, this partner win is a major milestone for the business and comes on the back of our flexible product str..

July 14, 2023

Kambi and Eyas target Brazil with Lance! Betting launch

Kambi Group has partnered with Eyas Gaming and Brazilian-facing football media website Lance! to launch a new online sportsbook in the country.

Under the deal, Kambi will power the launch of the “Lance! Betting” brand with its sports betting technology.

The new sportsbook will draw on the existing Lance! following of more than 15 million active users per month. Eyas Gaming, backed by the Gauselmann Group, will oversee the running of the brand.

The partnership with Eyas Gaming could lead to the launch of sports betting in other markets in future, Kambi added.

Kambi “a natural choice” for Eyas

“It is a pleasure to have put pen to paper on this agreement with Eyas Gaming,” Kambi’s co-founder and chief executive Kristian Nylén said. “They are an operator whose management team boasts clear expertise and a passion for sports betting that mirrors our own.

“This agreement further bolsters Kambi’s impressive range of partners throughout Brazil and Latin America. We are excited to capitali..

June 19, 2023

Kambi and LeoVegas extend sportsbook partnership

Kambi and LeoVegas have agreed to a multi-year extension of their existing sportsbook partnership.

As part of the extended agreement, Kambi will continue to supply its sportsbook technology and services to LeoVegas.

This is the second renewal of the partnership, which first began in 2016. The first renewal took place in 2020.

Kristian Nylén, chief executive officer and co-founder of Kambi, said that the partnership renewal spoke to Kambi’s sportsbook capabilities.

“We are delighted to extend our sportsbook partnership with LeoVegas Group, a world-leading operator with a strong track record of success,” said Nylén.

“Renewing this partnership for a second time is a further testament to the strength of Kambi’s cutting-edge technology and services as we continue to pioneer next generation betting entertainment for players across the globe.”

Strategic developments

In this year alone, both Kambi and LeoVegas have made significant moves in the sports betting space.

In April, Kambi ext..

April 6, 2023

Kambi agrees deal extension with BetPlay operator

Sports betting supplier Kambi Group announced an extension of its sportsbook deal with Colombian BetPlay operator Corredor Empresarial SA.

The deal is the second renewal of the initial agreement that the two parties first signed in 2017, since which BetPlay has become the Colombian market leader.

The provider said that the Latin American has become a “key market” for the supplier, with BetPlay utilising a number of Kambi’s technology and services, including its Bet Builder product.

“We are pleased to agree a long-term extension to our successful partnership with Corredor Empresarial, providing its customers with next generation betting entertainment,” said Kambi CEO and co-founder Kristian Nylén.

“The Latin American market continues to hold great promise for Kambi and we look forward to aiding Corredor Empresarial as it expands across the region with Kambi’s cutting-edge complete sportsbook.”

As part of the renewal contract, the provider will continue to power BetPlay’s sportsbook..

November 9, 2022

Kambi to power Liberman Media’s sportsbook launch in Puerto Rico

Kambi Group has agreed to support LMG Gaming (LMGG), owned by Puerto Rican media business Liberman Media Group, with the launch of a new sportsbook product in the unincorporated US territory.

Under the long-term partnership, Kambi will provide its sportsbook technology to power LMGG’s ApuestaPR betting brand, which will initially launch online and potentially be expanded to retail in the future.

LMGG will also make use of Kambi’s application programming interface (APIs) and range of marketing tools to help promote the brand on LMG’s Teleonce television network in the region.

“After extensive research the choice was clear, Kambi is by far the best-in-class sportsbook in the industry and we are honoured to build our business in Puerto Rico with them,” LMGG partner Winter Horton said.

“With our top-rated Teleonce television network providing unlimited marketing and our key retail relationships, we are very confident that ApuestaPR will be the number one sports betting platform in Puer..

October 21, 2022

Great Canadian to launch sportsbooks at its casinos with Kambi deal

Land-based gaming and entertainment company Great Canadian Entertainment is set to launch sports betting at its venues, thanks to a new deal with Kambi.

As part of the deal, Kambi will provide its retail sportsbook product to ten of Great Canadian Entertainment’s Ontario-based casinos.

This includes Kambi’s sportsbook solution, as well as betting kiosks.

Read the full story on iGB North America

November 2024
Mon	Tue	Wed	Thu	Fri	Sat	Sun
				1	2	3
4	5	6	7	8	9	10
11	12	13	14	15	16	17
18	19	20	21	22	23	24
25	26	27	28	29	30

Tag: Kambi