Kambi Group

Kambi Group Plc
Traded as (KAMBI)
Industry Gaming
Headquarters

75 Quantum House, 3rd Floor, Abate Rigord Street, Ta’ Xbiex,

XBX1120
Number of locations
 (6) Bucharest, London, Malta, Manila, Stockholm, Sydney
Key people
 Kristian Nylén, Chief Executive Officer
Erik Logdberg, Deputy CEO and CBDO
Ian Freeman, Chief Commercial Officer
Products Online gaming and casinos, Software and associated services
Services Fully managed sports betting solutions
Number of employees
 450+
Website www.kambi.com

Kambi Group Plc is a B2B provider of sports betting services to licensed B2C gaming operators. The company provides a software platform with front end user interface, odds compiling, customer intelligence and risk management.

Kambi Group is listed on First North at Nasdaq Stockholm under the symbol "KAMBI". The company is eCOGRA certified, with Redeye AB as certified advisor .[1]

History

On 19 May 2014, shareholders of Unibet Group plc approved the proposed spin-off of its B2B subsidiary Kambi Group Plc.[2] The company's 95 per cent stake in the business was subsequently distributed to Unibet shareholders. Kambi Group Plc share started trading on the NASDAQ OMX Stockholm First North on 2 June 2014.[3] The share closed at SEK 34 on the first day of trading, giving the company a market valuation of SEK 1,011,200,700.[4]

Since being listed, Kambi have grown from 80 people to over 450 people with offices in Malta (HQ), Bucharest, London, Manila, Stockholm[1] and Sydney.[5] In 2013, the online and mobile gaming operator 888 Holdings moved its sportsbook services to Kambi. In 2014 32Red selected Kambi as their sportsbook provider,[6] and extended the contract in 2016.[7] Also in 2016, LeoVegas signed an agreement with Kambi Sportsbook to enter the sports betting market.[8] Following this announcement The Rank Group and Kambi enabled Rank's online casino brand Grosvenor to provide betting to its 1.7m UK customer base via mobile and desktop channels.[9]

On 27th July 2016, Kambi announced an agreement with the Spanish international gaming group R Franco to provide its omni-channel service.[10]

Operations

Kambi employs over 450 staff across offices in its headquarters in Malta, with offices in Bucharest, London, Manila, Sydney and Stockholm. Licensed in Alderney, Malta, Spain and the UK and certified in Alderney, Estonia, Denmark, Italy, Malta, Spain and the UK, Kambi currently provide their services to operators in Europe, Asia and Latin America and has seen revenue increase by 70% in 2014 and 32% in 2015.[1]

The company provides a software platform with front end user interface, odds compiling, customer intelligence and risk management.[1]

Memberships

Kambi is a member of the following industry bodies.

References

  1. 1 2 3 4 Kambi Group plc,Kambi Group plc Annual report and accounts 2015, retrieved 22 June 2016
  2. ↑ "Unibet shareholders approve Kambi spin-off at AGM - Gaming Intelligence". www.gamingintelligence.com. Retrieved 2015-12-03.
  3. ↑ "Kambi - NASDAQ OMX NORDIC". www.nasdaqomxnordic.com. Retrieved 2015-12-03.
  4. ↑ "Press release : Kambi Group plc". kambigroupplc.com. Retrieved 2015-12-03.
  5. ↑ Global News wire, Release details, retrieved 24 June 2016
  6. ↑ Global News wire, Kambi Group plc; 32 Red plc agrees long term contract extension, retrieved 24 June 2016,
  7. ↑ Kambi, Kambi Group plc agrees long term contract extension, retrieved 24 June 2016
  8. ↑ Kambi, Leo Vegas selects Kambi Sportsbook, retireved 24 June 2016
  9. ↑ Kambi, The Rank Group plc chooses Kambi Sportsbook, retireved 24 June 2016
  10. ↑ GlobeNewswire,Kambi Group plc signs a contract with R. Franco as its global omni channel sportsbook partner, retrieved 27 July 2016
  11. ↑ Kambi Group plc,Kambi Sports Solutions ratified as associate member of World Lottery Association, retrieved 22 June 2016
  12. ↑ European Lotteries, Member Lottery Suppliers, retrieved 24 June 2016
  13. ↑ Kambi Group plc,Kambi Sports Solutions ratified as associate member of CIBELAE the Latin American corporation of State Lottery and Betting, retrieved 22 June 2016
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