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Industry
April 26, 2024
Kambi Pens Multi-State Deal with Choctaw Nation of Oklahoma
Kambi Group, a leader in the provision of sports betting solutions, has formed a multi-state sportsbook partnership with the Choctaw Nation of Oklahoma, one of the largest Indian communities in the US. Under the deal, Kambi will supply the tribal nation with its cutting-edge sports betting services and tech. Under the agreement, the Choctaw Nation […]
Business
April 24, 2024
Kambi Posts Strong Q1 Results, Plans Further Growth
The provider of premium sports betting services to iGaming and betting operators across the globe, Kambi, released its latest financial update, uncovering details about its performance for the first quarter of this year. In its Q1 2024 unaudited report, the company posted €43.2 million ($46.2 million) in revenue, a result that showed a slight 2% […]
Business
April 4, 2024
Kambi Tribal Report: Most Bettors Reinvested Their Winnings
Kambi has published its Tribal Sports Betting Report 2024, highlighting a dramatic increase in betting handle among its tribal operator partners. According to the group, its North American tribal clients saw a handle increase of 128% between 2022 and 2023. The increase in handle was driven by a number of factors, including the growing popularity […]
Business
February 21, 2024
Kambi Publishes Q4 Results, Highlights Strategic Progress
Kambi Group, a provider of betting services to the regulated gambling industry, has published its Q4 report. In addition, the leading supplier posted its guidance, saying that it expects FY 2024 revenue of between EUR 170 million and EUR 180 million ($183.6-$194.4 million). Revenue for Q4 amounted to EUR 44.3 million ($47.8 million), representing a […]
Business
February 19, 2024
Kambi Extends Platform Deal with PENN through December 2025
Kambi Group, a provider of premium sports betting services to licensed B2C gaming operators, announced that it has extended its retail sportsbook platform deal with PENN Entertainment. As a result, Kambi will continue to supply its partner’s land-based casinos with its sports betting suite. Under the terms of the original partnership deal, Kambi was set […]
Esports
January 23, 2024
Abios: Counter-Strike Continues to Dominate Esports Betting
Kambi-owned esports data and odds provider Abios has published its 2023 Leaderboard report, outlining the top esports disciplines and teams. The data shows that Counter-Strike continued to dominate the esports betting sector. The report shows that the old classic, which recently received its new iteration, Counter-Strike 2, attracted 56% of all bets made with Kambi. […]
Business
January 8, 2024
Kristian Nylén Plans to Step Down from CEO Role with Kambi
The leading business-to-business provider of services and solutions, powering betting operators across the globe, Kambi Group, announced changes to its senior leadership. On Monday, the company confirmed that its co-founder and CEO, Kristian Nylén, intends to step down from his role. The CEO and co-founder notified the company’s Board of Directors, confirming that he plans […]
Business
December 14, 2023
Bingoal to Launch a Kambi-Powered Sportsbook in 2024
Kambi Group has unveiled a multi-channel sportsbook partnership with Bingoal, a Belgian online and retail gambling and betting operator. Under the deal, Bingoal will leverage Kambi’s market-leading Complete sportsbook across its retail and online business in Belgium and the Netherlands. The deal will see Bingoal replace its current sportsbook provider with Kambi’s best-in-class sports betting […]
Sports
December 8, 2023
Messi Turned Inter Miami into the Most Bet on Team, Kambi Says
Kambi, a B2B provider of sports betting services, has reported that the arrival of the soccer legend Lionel Messi at Inter Miami has led to an unprecedented spike in Major League Soccer betting activity. As reported by the sports betting specialist, the popularity of Inter Miami and the MLS as a whole has skyrocketed, leading […]
Business
December 5, 2023
Kambi Group Proceeds with $3M Share Buyback Program
Kambi Group, a B2B provider of sports betting services and solutions, has unveiled a share buyback program. The company secured the buyback mandate at the Extraordinary General Meeting on June 19 and will now proceed to exercise it. According to Kambi’s board of directors, the buyback program is set to run until May 21, 2024, […]
