Kambi Signs Multi-state Contract Extension With the Sports-tech and Media Entertainment Company DraftKings

Kambi, a leading global sports betting provider, and DraftKings Inc., the sports-tech and media entertainment company, have signed a multi-state contract extension.

The of the deal secure the sporting provider’s current revenues in New Jersey while also providing the opportunity to generate incremental revenues as and when the partnership enters the additional jurisdictions.

The expansion agreement includes for the Kambi-DraftKings partnership to be extended into eight additional states; Colorado, Indiana, Iowa, Maine, New York, Pennsylvania, Tennessee and West Virginia.

Officials from New Jersey.

Kristian Nylén, Kambi Chief Executive Officer, said: “Over the course of the past 12 months, Kambi and DraftKings have developed a symbiotic relationship, working closely together to deliver a high-quality sportsbook, which has only improved over time.

“I’m delighted the extension of our relationship through this new agreement will enable players in other states to enjoy the same exciting sports betting experiences that have helped DraftKings become a market leader in New Jersey.”

Representatives from DraftKings find Kambi to be a key partner, having provided them with backend sportsbook technology that has enabled them to put out engaging products in a highly competitive market.

Jason Robins, DraftKings Chief Executive Officer, said: “Kambi has been a key partner for DraftKings, providing us with backend sportsbook technology that has enabled to us to offer our customers an engaging product in a highly competitive market.”

More About Kambi

The company is a provider of sports betting services to licensed B2C gaming operators. It is listed on First North at Nasdaq Stockholm. The services that the company offers include a broad offering from front-end interface through to odds compiling, customer intelligence and risk management, built on an in-house developed software platform. Its 20-plus customers include 888 Holdings, ATG, DraftKings, Greenwood Gaming & Entertainment, Kindred Group, LeoVegas, Mohegan Gaming & Entertainment and Rush Street Interactive.

More on DraftKings

The American daily fantasy sports content provider allows s to enter daily and weekly fantasy sports-related contests and win money based on individual player and team performances in five major American sports (MLB, the NHL, the NBA, the NFL and the PGA), Premier League and UEFA Champions League soccer, NASCAR auto racing, Canadian Football League, the Arena Football League, Mixed Martial Arts and Tennis.

It was established 2012 and now offers a variety of fantasy sports contests for players at a range of different skill levels. Contests include beginner contests for novice players. The company’s CEO is Jason Robins, who founded the company with Matt Kalish, Paul Liberman.

Source:

“Kambi signs contract extension with DraftKings”, Vlad Poptamas, europeangaming.eu, August 22, 2019.