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Gambling News - 'Kambi'
Business
February 26, 2025
Kambi Posts Stable 2024 Report But Modest Guidance Alienates Investors
Kambi Group has published its Q4 and FY 2024 results, highlighting a slight increase in revenue. Despite that, the company’s modest guidance caused its shares to take a dip. Kambi’s Results Were Mostly Stable In its report, Kambi reported revenue of EUR 44.5 million ($46.6 million) for Q4 and EUR 176.4 million ($185 million) for […]

Sports
January 31, 2025
Kambi Group Secures Go-Ahead from Nevada Gaming Commission
Kambi Group has another milestone to celebrate after the company confirmed that it has received approval for its Nevada gaming license applications from the Nevada Gaming Commission. Kambi Group Gets Approval to Bring World-Beating Solutions to Nevada With this decision, the company is entering one of the world’s most iconic and lucrative markets, allowing Kambi […]

Business
January 16, 2025
Kambi Names IR Expert Mattias Frithiof SVP of Investor Relations
Kambi Group, a leading B2B provider of sports betting services to gaming operators, has unveiled a major new addition to its leadership team. According to the company’s announcement, Mattias Frithiof will serve as its new senior vice president (SVP) of investor relations & sustainability. Frithiof Joined Kambi on January 16 Effective immediately, the appointment will […]

Business
January 8, 2025
Kambi Partners with Stake to Drive Sports Betting Expansion
Sports betting solutions provider Kambi Group plc announced a strategic partnership with rapidly growing global operator Stake, which is seeking to expand its reach into regulated markets. The collaboration debuted with the launch of Stake’s Kambi-powered sportsbook in Brazil as the country’s modernized gambling jurisdiction made it one of the world’s most anticipated sports betting […]

Business
November 6, 2024
Kambi Maintains Growth Trajectory with Solid Q3 Results
The trusted provider of sports betting services and solutions, Kambi, released its latest financial update, pointing to strong results for the third quarter of 2024. Share Repurchase Program Announced with Q3 Financials On Wednesday, the company confirmed that its Q3 revenue hit €43.0 million ($46.3 million), a figure that pointed to a single-digit increase when […]
Business
September 4, 2024
Kambi Chairman Weighs In on Recent Acquisition Rumors
Kambi the industry’s trusted provider of a range of sports betting services to licensed B2C gaming operators, has commented on the ongoing media speculation about its acquisition by another party. Kambi Denies the Rumors Recent rumors strongly suggested that Genius Sports, a sports data and technology company, has approached Kambi with an acquisition offer. This […]
Business
July 24, 2024
Kambi Posts Favorable Q2 Metrics, Driven by Busy Sports Season
Kambi Group has published its financial report for the second quarter of the year, reporting a slight increase to €45.7 million ($49.6 million). The 3% increase in turnover would have stood at 20% instead if not considering the impact of the Penn online migration. Operating profit for the period, on the other hand, reached €6.2 […]
Business
July 5, 2024
Kambi Withdraws 2027 Financial Targets amid Market Uncertainties
Kambi Group plc’s Board of Directors has withdrawn its previously announced 2027 financial targets, citing slower-than-expected regulatory progress in key markets as a primary reason. The decision follows a comprehensive review initiated in February, which reassessed the company’s progress in its core jurisdictions, challenging the assumptions that shaped its January 2023 financial targets. This Downturn […]

Business
July 1, 2024
Werner Becher to Succeed Kristian Nylén as Kambi’s CEO
Kambi Group has appointed Werner Becher, an experienced gambling industry veteran, as its new chief executive officer. Set to replace the outgoing Kristian Nylén in late July, Becher will bring a wealth of experience, setting Kambi up for future success. The appointee is an industry powerhouse who has formerly served a variety of noteworthy companies. […]
Business
May 7, 2024
Kambi Repurchases 55K Shares as Part of Its Buyback Program
Kambi Group, a provider of premium sports betting services to licensed B2C gaming operators, announced that it has completed the repurchase of tens of thousands of shares. This move aligns with the company’s share buyback program approved during the extraordinary general meeting on June 19, 2023. According to the announcement, the company has repurchased a […]
