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Overview
Kambi Group provides B2B sports betting services to licensed operators through a fully managed sportsbook platform that includes proprietary software, risk management, and odds compiling. Operators integrate the platform and share net gaming revenue under a revenue-sharing model. Its data-driven odds, extensive in-play betting, and managed services differentiate it as a focused sportsbook provider for partners. The goal is to help licensed operators worldwide launch and grow sportsbook offerings efficiently with a scalable, ready-to-use platform.
About Kambi Group
Industries
Data & Analytics
Enterprise Software
Gaming
Company Size
501-1,000
Company Stage
IPO
Headquarters
Ta' Xbiex, Malta
Founded
2010
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Simplify's Take
What believers are saying
- Q2 2026 revenue rose 13.5% to €45.9 million, lifting guidance to €23-27 million.
- Station Casinos opens Nevada, starting a mid-single-digit-million-euro contribution from 2027.
- Canadian lotteries and BetWarrior extensions deepen durable regulated-market revenue across North America and Latin America.
What critics are saying
- Kambi’s Q2 2026 growth still depends on tournament-driven spikes, then margins normalize.
- Technical downtime credits in April 2026 prove platform failures still hit revenue.
- Customer churn or in-housing by Penn, Bally’s, or Kindred would crush renewals.
What makes Kambi Group unique
- Kambi’s July 2026 World Cup AI trading processed 100 million bets.
- Its Turnkey Sportsbook and PAM bundle now spans retail and online channels.
- Nevada, Canada, and Latin America wins show regulated-market expertise plus migration capability.
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Funding
Total Funding
$2.2M
Above
Industry Average
Funded Over
1 Rounds
Benefits
Hybrid Work Options
6 weeks annual leave
Annual bonus based on individual and company performance
Remote Work Options
Wellness Program
Mental Health Support
Phone/Internet Stipend
Home Office Stipend
Health Insurance
Paid Vacation
Paid Holidays
Flexible Work Hours
PTO/vacation
401(k) Retirement Plan
Stock Options
Company Equity
Conference Attendance Budget
Professional Development Budget
Family Planning Benefits
Fertility Treatment Support
Adoption Assistance
Childcare Support
Parental Leave
Teacher
Meal Benefits
Gym Membership
Commuter Benefits
Stock Price
Company News
Kambi enters Nevada market through Station Casinos deal. Kambi enters Nevada market through Station Casinos deal vanja mitic august 5, 2026 latest casino and gambling news. Kambi Group plc has expanded into Nevada through a long-term agreement with Station Casinos LLC, providing the casino operator with its Turnkey Sportsbook and player account management (PAM) platform. The 10-year partnership marks Kambi's first entry into Nevada, including Las Vegas, following the sports betting technology provider's 2025 regulatory approval to operate in the state. Under the agreement, Kambi will deliver a fully integrated omni-channel sportsbook solution designed for Nevada's regulated betting market. The technology package will combine Kambi's Turnkey Sportsbook, pari-mutuel Racebook and in-house PAM platform to support both retail and online wagering. The partnership is expected to generate a mid-single-digit-million euro financial impact for Kambi from 2027 onwards. Station Casinos expands sports betting technology offering. Station Casinos, founded in 1976, is one of Nevada's largest gaming operators and has played a significant role in developing the Las Vegas locals casino market through properties located away from the Strip and Downtown areas. Together with parent company Red Rock Resorts, Inc., Station Casinos operates more than 20 properties across the Las Vegas Valley. Its portfolio includes Red Rock Casino Resort Spa, Green Valley Ranch and Durango Casino & Resort. The operator has built a broad customer base throughout the region, with more than 95% of the local population living within five miles of a Station Casinos property. Beyond its off-Strip operations, Station Casinos also maintains a wider sports betting presence. Through its STN Sports division, the company manages the retail sportsbook at Treasure Island under a third-party agreement and operates retail and mobile sports betting at Fontainebleau Las Vegas. The company also provides sportsbook management services for additional Nevada properties, including El Cortez Hotel & Casino in Downtown Las Vegas, CasaBlanca Resort and Virgin River Hotel & Casino in Mesquite. As part of the agreement with Kambi, Station Casinos will use the Turnkey Sportsbook technology for its STN Sports mobile application. Customers in Nevada will have access to pre-match and live betting markets while earning rewards points through the operator's Boarding Pass loyalty program. Integrated platform to support retail and online betting. Kambi's solution will provide Station Casinos with a single wallet system connecting in-person wagering and digital betting activity. The sportsbook provider said the platform will benefit from global betting liquidity, AI-powered pricing and trading capabilities, advanced risk management tools and its Bet Builder product. The technology is designed to create a consistent experience across multiple channels while supporting Station Casinos' plans for sportsbook expansion throughout Nevada. Kambi CEO Werner Becher said the agreement represents an important step for the company's presence in the US market. "Kambi is delighted to enter this exciting partnership with Station Casinos, an operator of great size and reputation in the Nevada market. This landmark agreement will not only see Kambi enter Nevada, widely known for being the gold standard of gaming and sports betting regulation, but it also marks the first state-wide deployment of our fully integrated Turnkey Sportsbook and PAM solution. I look forward to working closely with Station Casinos over the next decade as we aim to take its online and retail sportsbooks to the next level." Station Casinos Vice President of Race and Sports Jason McCormick said the company expects the technology partnership to strengthen its customer offering. "We look forward to partnering with Kambi and leveraging their proven technology platform to enhance the sports betting experience for our guests," said McCormick in a press release. "Together, we are committed to providing a reliable, engaging, and seamless experience that meets the evolving needs of our players."
Kambi Group plc partners with Station Casinos in Nevada in landmark omni-channel Sportsbook and player account management platform agreement. Kambi Group plc ("Kambi"), the home of premium sports betting solutions, has entered a long-term arrangement with Station Casinos LLC ("Station Casinos") to provide its Turnkey Sportsbook and player account management platform (PAM) solution to one of Nevada's premier gaming, hospitality and entertainment operators. The 10-year agreement will enable Kambi to enter Nevada and its world-renowned gambling hub Las Vegas for the first time, having secured its Nevada licence in 2025. The partnership is expected to have a mid-single-digit-million euros financial impact for Kambi from 2027 onwards. Founded in 1976, Station Casinos is one of the largest operators in Nevada and the leader off-Strip, pioneering the Las Vegas 'locals casino' market by developing neighbourhood resort-casinos away from the Strip and Downtown. Alongside its parent company Red Rock Resorts, Inc., Station Casinos owns and operates a portfolio of more than 20 properties across the Las Vegas Valley, including Red Rock Casino Resort Spa, Green Valley Ranch and Durango Casino & Resort, capturing a vast player database where more than 95% of the local population resides within a five-mile radius of a Station Casino property. In addition to its off-Strip locations, the company's on-Strip sports betting footprint includes a third-party management agreement via its STN Sports division to operate the retail sportsbook at Treasure Island, as well as operating the retail and mobile sports betting operations of Fontainebleau Las Vegas located on the north end of the Strip. Furthermore, the company manages sportsbooks for third-party properties outside its core portfolio, including the El Cortez Hotel & Casino in Downtown Las Vegas, as well as the CasaBlanca Resort and Virgin River Hotel & Casino in Mesquite, Nevada. Under the terms of the agreement, Kambi will deliver a fully integrated omni-channel solution across retail and online. Designed specifically for the Nevada market, the bespoke solution combines its premium Turnkey Sportsbook and pari-mutuel Racebook with its in-house PAM platform to power a seamless, end-to-end betting experience. In partnering with Kambi, Station Casinos will benefit from the global liquidity generated by one of the world's most powerful sports betting networks. This accumulated intelligence informs Kambi's AI-powered pricing and trading, and its advanced risk management, and enables an extensive offering and a market-leading Bet Builder product, all proven to drive player engagement and operator performance. Kambi will also deliver a unified user experience across multiple channels, with a single wallet connecting in-person wagering and online betting. In addition to an on-property sportsbook rollout across Nevada, Station Casinos will utilise Kambi's Turnkey Sportsbook for its STN Sports mobile app, enabling bettors within the state to place wagers on an expansive pre-match and live offering while earning rewards points toward their property-wide Boarding Pass loyalty accounts. In entering Nevada, Kambi reinforces its commitment to meeting the highest standards of regulatory compliance and corporate probity, while bringing its award-winning sportsbook technology to one of the world's most established sports betting markets. Werner Becher, CEO of Kambi Group, said: "Kambi is delighted to enter this exciting partnership with Station Casinos, an operator of great size and reputation in the Nevada market. This landmark agreement will not only see Kambi enter Nevada, widely known for being the gold standard of gaming and sports betting regulation, but it also marks the first state-wide deployment of our fully integrated Turnkey Sportsbook and PAM solution. I look forward to working closely with Station Casinos over the next decade as we aim to take its online and retail sportsbooks to the next level." "We look forward to partnering with Kambi and leveraging their proven technology platform to enhance the sports betting experience for our guests," said Jason McCormick, Vice President of Race and Sports for Station Casinos. "Together, we are committed to providing a reliable, engaging, and seamless experience that meets the evolving needs of our players."
Kambi Q2 revenue jumps 13.5% as Americas and AI power World Cup surge. Kambi posted €45.9m Q2 revenue and raised full-year EBITDA guidance to €23-27m after Americas partners and AI trading fuelled World Cup growth. by Petra Vanhoof - Thursday, July 23rd, 2026 5:27 Kambi Group posted Q2 revenue of €45.9m, a 13.5% year-over-year increase from €40.5m, and raised its full-year adjusted EBITDA guidance after the FIFA World Cup drove revenues and profits growth, with Kambi attributing most of its revenue to America's activity. Adjusted EBITDA for Q2 reached €7.6m, more than doubling the €3.7m recorded in Q2 2025, while Q2 operating profit climbed from €1.6m to €5.8m over the same period. For the first half of 2026, revenue grew 9.1% to €89.4m, with H1 EBITDA rising 83% to €13.3m and operating profit advancing from €2.5m to €10.1m. The Stockholm-listed supplier told investors it has "now turned a corner and returned to growth" - language that carries weight Americas drive and AI milestone. Kambi attributed the bulk of its World Cup revenue to North and South American activity, with operator partners in the region generating 57% of global turnover during the tournament, up sharply from 38% at the 2022 Qatar World Cup. The firm's tier-1 Americas roster includes Penn, Bally's Interactive, OLG Canada, and BetPlay Colombia. The tournament also marked the first FIFA World Cup to be fully traded using AI across Kambi's platform. CEO Werner Becher said the quarter was shaped by the World Cup, where Kambi delivered a leading product throughout, and described the AI trading rollout as "an important milestone in the evolution of our cutting-edge sportsbook technology." Third-party benchmarking from Bettormetrics ranked Kambi as a leader across live betting KPIs including market availability, Becher added. Across the tournament, Kambi processed more than 100 million bets and reported total turnkey sportsbook stakes exceeding €1bn at an operator trading margin of 18%. Guidance raised, prediction markets watched. On the back of the H1 performance, Kambi lifted its full-year adjusted EBITDA range from €20-25m to €23-27m. Earnings per share reached €0.128 in Q2 and €0.213 for H1, against €0.009 and €0.036 respectively in the prior-year periods. The company's share price rose 11% on the day results were published, reaching 181 SEK at the time of reporting. The guidance upgrade mirrors a broader trend of B2B suppliers revising estimates upward mid-year, as seen with Playtech's own EBITDA guidance raise following a strong Q2. CFO David Kenyon told analysts that World Cup revenue continues to be invoiced through July and August, providing a revenue bridge into Q3 ahead of the resumption of domestic football calendars globally. On prediction markets, Becher indicated Kambi is monitoring US court decisions and conducting background evaluation - including in-house development and partnership assessment - but will not act while the product remains unlicensed across its 70-plus regulated jurisdictions. He said the expectation is for legal clarity in the US, hopefully by next year, at which point Kambi would be positioned to serve its partners.
Kambi Group reported 13.5% year-over-year revenue growth to €45.9 million in Q2, driven by its AI-powered trading system during the World Cup. The sports betting technology provider processed over 100 million bets across 104 matches, generating more than €1 billion in turnover with an 18% trading margin. The company's AI system enabled near-limitless betting combinations, with the World Cup final alone seeing over 1 million unique wagers. Live Bet Builders, which allow customised multi-market bets, accounted for 22% of all live bets, up from 3% during the 2022 tournament. Latin America represented 46% of World Cup turnover, whilst Canada and Europe also showed strong engagement. CEO Werner Becher said Kambi has "returned to growth" and aims to expand its AI trading system to other sports.
Kambi Group plc signs Odds Feed+ agreement with RETABET Group. Kambi Group plc ("Kambi"), the home of premium sports betting solutions, has agreed a multi-year partnership with RETABET Group, a leading sports betting operator with an established online and retail presence in the Spanish and Peruvian markets. Under the terms of the partnership, RETABET will gain access to Kambi's entire library of traded odds through a seamless single API integration into RETABET's proprietary sportsbook platform. Founded in 2002, RETABET is a prominent international sports betting operator with an extensive online and retail presence throughout Spain, as well as a fast-growing omnichannel footprint in Peru. Delivering actively managed and traded odds to a growing range of partners globally, Odds Feed+ is Kambi's premium odds feed solution. Available in bespoke packages which can be adapted in real time to meet each partner's strategic requirements, these odds are sharpened by the billions of bets and €17 billion global liquidity Kambi processes annually, unlocking unmatched precision and margin performance. Furthermore, Kambi's growing suite of AI-powered odds enhances pricing accuracy and trading quality, while low-latency delivery powered by official data sources ensures real-time odds and a smoother betting experience. Werner Becher, Kambi Group CEO, said: "We are very pleased to agree this partnership with RETABET and welcome the opportunity to work closely with such an experienced and ambitious team. Our Odds Feed+ product gives operators the flexibility and choice they need to succeed in competitive marketplaces, and this partnership is another indicator of the trust leading operators are placing in Kambi's ability to enhance margins and empower growth." Igor Extremo, COO at RETABET Group, said: "At RETABET we are always looking for ways to enhance our offering to our players across Spain and Peru. In partnering with Kambi for Odds Feed+ we are gaining access to high-quality pricing across a huge variety of sports, unlocking even greater depth and coverage for our customer base and leveraging Kambi's proven expertise to enhance our platform."
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About Kambi Group
Industries
Data & Analytics
Enterprise Software
Gaming
Company Size
501-1,000
Company Stage
IPO
Headquarters
Ta' Xbiex, Malta
Founded
2010
Kambi Group is Hiring for 2 Jobs on Simplify!
Find jobs on Simplify and start your career today