Business
September 8, 2022
Kambi Group Acquires Shape Games in $78M Deal
Kambi Group has acquired Shape Games, a front-end specialist, which will significantly boost the company’s capability to deliver engaging sports betting experiences. The upfront consideration of the acquisition is set at €38.5 million ($38.47 million), and the deal comes with a performance-related earnout up to €39.6 million ($39.57 million), which puts the potential total value […]
Industry
August 23, 2022
Kambi to Power Oaklawn’s Retail and Mobile Sportsbook
Supplier of sports betting technology and services Kambi Group announced today that it has signed an agreement with Oaklawn Racing Casino Resort in Hot Springs, Arkansas, to power the retail and online sports betting offering of the Thoroughbred racetrack and casino. Replace CDI’s Sports Betting Arrangement The agreement between Kambi Group and Oaklawn Racing Casino […]
Industry
August 9, 2022
Kambi Group Doubles Down on LATAM with Ondiss Deal
Kambi Group, a renowned B2B provider of sports betting services, has joined forces with Ondiss, a Buenos Aires-based developer of online gaming platforms. The former company agreed to provide certain Argentine operators with sports betting solutions. Kambi to Power Argentine Brands As per the deal, Ondiss will allow Kambi to expand its LATAM footprint and […]
Industry
June 29, 2022
Kambi Extends Parx Casino and betPARX Sportsbook Deal
Sports betting technology supplier Kambi Group announced today its sportsbook partnership with the owner of Parx Casino and betPARX, Greenwood Gaming and Entertainment, has been extended. Powering Growth for Its Partner Kambi and the owner of the largest casino complex in Pennsylvania initially partnered in 2018 in a multi-year sportsbook agreement which provided Greenwood Gaming […]
Business
May 30, 2022
Kambi Presents Enticing Risk-Reward for Acquisition
A Norwegian hedge fund is propping up sports betting technology supplier Kambi as a potential target for acquisition speculating that a number of companies could very well become bidders. MGM as Part of LeoVegas’ Expansion Alinea Capital Management, a long-biased hedge fund solely focused on companies from the gaming and iGaming sectors and managing a […]
Business
May 4, 2022
Kambi and Mohegan Team Up for Exclusive Mobile Wagering Services
Kambi Group PLC has entered a strategic mobile sportsbook partnership with Mohegan Gaming & Entertainment. With this development, Kambi will provide its mobile betting solutions to the Fallsview Casino establishment, located in Ontario, Canada. Ontario’s online gambling market launched on April 4. Fallsview Casino Is the Largest Casino Resort in Ontario Kambi will be able […]
Industry
April 27, 2022
Kambi’s Revenues Declined by 15% in Q1 But Nylén Remains Unfazed
Kambi Group, a business-to-business provider of sports betting services, has seen a steep decline in its revenues during the first quarter of 2022. Kambi Group Revenues Were Hit by DraftKings’ Migration According to the company’s official figures, the revenues for Q1 of 2022 were 15% lower than those in Q1 of 2021. The first three […]
Sports
April 11, 2022
Kambi Includes MLB Offering in Its Game Parlay Product
Kambi, an independent provider of premium sports betting technology and services, has strengthened its Game Parlay Product with the addition of Major League Baseball (MLB) betting options allowing punters to combine multiple baseball betting offers when placing their parlay bets. This comes amidst Opening Day of the new MLB season, which started on Thursday, April […]
Business
March 21, 2022
Kambi Group Plc Secures License from AGCO Ahead of the Launch in April
Kambi Group Plc scores big as it secures a “day 1” license from the Alcohol and Gaming Commission of Ontario. With this development, the Stockholm-based sportsbook provider will be able to provide its solutions to sportsbook operators that are licensed by the remote gambling subsidiary of AGCO, iGaming Ontario. Some of the Kambi Partners Include […]
Business
February 9, 2022
Kindred and Kambi Sign a New Deal, Will Continue Working in the Future
Kindred Group and Kambi Group plc agreed to extend their sportsbook partnership. The three-year extension will be effective once the current contract ends (January 1, 2024). With this extension, the relationship between the two parties, which was originally formed in 2014, will continue to flourish as the companies are hoping to reach new heights. Kambi […]