Tag Archives: Kambi

Kambi pens multi-channel sportsbook deal with Oaklawn Racing Casino Resort

Kambi pens multi-channel sportsbook deal with Oaklawn Racing Casino Resort

Kambi Group has entered into a multi-channel sportsbook agreement with Oaklawn Racing Casino Resort in the US state of Arkansas.

Under the deal, Kambi will provide its on-property and online sportsbook solutions direct to the thoroughbred racetrack and casino.

Kambi will support Oaklawn with the launch of its online sportsbook operations under the brand “Oaklawn Sports”, subject to Arkansas passing the relevant laws. Online gambling of any kind is not yet legal in the state.

In addition, Kambi will continue to provide its retail sports betting solution to Oaklawn. The venue has been offering sports wagering through Kambi’s retail sportsbook since last year, with the new, multi-channel deal replacing the existing agreement.

“Oaklawn has been one of the most trusted brands in Arkansas for more than 100 years and we are excited to now offer our loyal customers yet another great amenity with our much-anticipated mobile wagering platform,” Oaklawn general manager Wayne Smith said.

Kamb..

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Kambi to launch in up to seven provinces of Argentina

Kambi to launch in up to seven provinces of Argentina

Online sports betting provider Kambi has penned an agreement with Ondiss to exclusively provide its sports betting technology services to an Argentinian group of three operators.

The deal will see Kambi grow its Latin American footprint with launches in up to seven new Argentinian provinces with the BetWarrior, Casino Magic and Casino Club brands.

Kambi will grow from providing its sportsbook technology services from three today to as many as ten Argentinian provinces in the coming months.

Kambi CEO and co-founder Kristian Nylén argued to the potential that the Latin America has for the supplier.

“The Latin American market continues to hold great promise for Kambi, so I am delighted to sign this exclusive agreement with Ondiss to support these visionary operators across Argentina,” he said.

“BetWarrior and Casino Magic have proven fantastic partners for Kambi since going live and we look forward to working with the two brands, as well as Casino Club, even more closely as they loo..

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DIY or third-party: the sportsbook technology debate

DIY or third-party: the sportsbook technology debate

The debate over whether operators should build their own technology or use a third-party solution has raged for decades, but it appears to have grown more intense as the US market opens. However, as Daniel O’Boyle reports, it may not be a question with a clear answer

It’s said that if you want something done well, you should do it yourself.

That appears to be an adage many sports betting operators have taken to heart.

Hop on any earnings call for a US operator, and there will no doubt be plenty of mentions of “proprietary sportsbook technology”.

The demand among operators for in-house solutions is backed up by their money. In 2020, DraftKings merged with SBTech, valuing the supplier at $634.1m. Last year, Caesars acquired William Hill for $3.7bn, mostly for its proprietary technology.

Meanwhile, theScore announced a long process to build its own sportsbook technology, which surely played a major part in Penn National Gaming acquiring it for $2bn.

“I don’t want to get distracted b..

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Kindred records “strongest year to date” after year-on-year revenue increase

Kindred records “strongest year to date” after year-on-year revenue increase

Kindred has reported revenue figures of £1.26bn (€1.50bn/$1.71bn) for 2021, representing an 11.4% increase on the previous year.

Casino and games revenue was the biggest contributor to the total with £648.7m, up 12.0% from £579.0m in 2020. Sports betting revenue accounted £547.2m, while poker revenue came to £30.8m. Other revenue sources added a further £28.5m.

Western Europe proved to be the most lucrative region for Kindred in 2021, generating revenue of £798.4m- an increase of 13.1%. The Nordic countries followed with £287.8m, while central, eastern and southern Europe added £110.5m.

Operating costs for the year totaled £470.4m. Marketing costs were £234.7m, while administrative expenses came to £235.7m. Other costs incurred, including merger and acquisition expenses and personnel restructuring, amounted to £16.5m.

However Kindred received an extra £75.5m from regulatory sanctions and previously held equity interest.

Operating profit for 2021 was £342.2m, a rise of 66.2% ye..

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