Kambi
Kambi publishes Tribal Sports Betting Report 2024
Kambi, the world’s trusted sports betting partner, is pleased to announce the launch of its second annual Tribal Sports Betting Report, featuring exclusive insights and data from Kambi’s growing tribal sports betting network.
Since the repeal of PASPA Kambi has become the sports betting provider of choice for tribal operators throughout North America, with partners including including Desert Diamond Casinos, Mohegan Gaming & Entertainment and Seneca Gaming Corporation.
Its position as the industry’s go-to sportsbook supplier enables Kambi to provide a snapshot of the current state of sports betting in Indian country and the direction it is heading.
Key highlights in this year’s report include:
The continued growth of tribal sports betting
The rise of same game parlays
When bettors reinvest their winnings
Betting activity on property for large sporting events
The report is available ahead of the 2024 Indian Gaming Tradeshow & Convention in Anaheim, where you can meet with Kambi representatives to learn more.
Brazil
Kambi Group plc agrees Odds Feed+ partnership with Rei do Pitaco
Long-term partnership will see RDP leverage Kambi’s rich odds feed product as Brazil’s regulated sports betting market readies for launch in January 2025
Kambi Group plc (“Kambi”), the home of premium sports betting solutions, has reached a long-term sports betting agreement with Rei do Pitaco (RDP), a leading daily fantasy sports operator in Brazil, to provide its new cutting-edge Odds Feed+ product.
Under the terms of the agreement, RDP will gain access to Kambi’s extensive library of premium odds via a single API integration. Kambi’s Odds Feed+ enables RDP to select a bespoke package of sports and events to meet its strategic needs, with odds significantly strengthened by the scale of Kambi’s Turnkey Sportsbook.
The long-term contract supersedes Kambi’s earlier turnkey partnership agreement with RDP, which was due to expire in 2025, as RDP prepares to launch its Brazil-facing sportsbook into the forthcoming regulated market.
Werner Becher, Kambi Group CEO, said: “This partnership underlines Kambi’s growing position as the home of premium sports betting solutions. Kambi not only offers the world’s leading Turnkey Sportsbook but now leverages this unique and advantageous position to provide a range of unrivalled bespoke services. As such, we are delighted to agree this long-term partnership with Rei do Pitaco for our powerful Odds Feed+ product.”
Kiko Augusto, CEO and Co-Founder of Rei do Pitaco, said: “Rei do Pitaco is dedicated to providing memorable entertainment experiences to our customers and by leveraging Kambi’s new odds feed product, we can enhance our in-house technology with high-quality odds from the world’s leading sportsbook provider.”
Hard Rock Bet
Kambi Group plc signs first major odds feed partnership with leading US operator Hard Rock Digital
Operator’s Hard Rock Bet brand to leverage Kambi’s new Odds Feed+ product, marking a significant milestone in Kambi’s modularisation strategy
Kambi Group plc (“Kambi”), the world’s trusted sports betting partner, has entered into a landmark agreement with Hard Rock Digital, one of the leading sports betting operators in the US, to deliver its new cutting-edge Odds Feed+ solution to the operator’s multi-state Hard Rock Bet brand which is available in eight US states including Arizona, Florida, Illinois, Indiana, New Jersey, Ohio, Tennessee, and Virginia.
The partnership will see Kambi provide Hard Rock Bet with its comprehensive suite of odds across both pre-match and live betting, with odds uniquely benefitting from the power of Kambi’s leading turnkey sportsbook, as well as Kambi’s AI trading division Tzeract. Hard Rock Bet is expected to launch with Kambi’s Odds Feed+ in Q4 2024.
Kambi’s full library of odds are delivered through a single API integration, giving operators the ability to create their own bespoke Odds Feed+ package, with the freedom to revise on demand. Hard Rock Bet will initially offer a selection of Kambi’s global sports odds, however, the flexibility of Kambi’s single API odds feed provides Hard Rock Bet the ability to add additional international or US sports as required.
As Kambi’s first major Odds Feed+ partnership, the collaboration with Hard Rock Digital marks a significant milestone in Kambi’s long-term strategy. The partnership has great potential to become a significant source of revenue for Kambi, subject to the scope of additional services taken by Hard Rock Digital over the coming years.
Werner Becher, Kambi CEO, said: “This Odds Feed+ partnership with Hard Rock Digital represents another important step forward for Kambi. The deal builds on the strategy Kambi set out 18 months ago to leverage our position as the world’s leading sportsbook provider with the offer of standalone products that uniquely benefit from our turnkey sportsbook. Hard Rock is one of the leading sportsbook operators in the US and precisely the kind of prestigious partner we were targeting as part of this modularisation approach.”
Matt Primeaux, Executive Managing Director & President of Hard Rock Digital, added: “The addition of Kambi’s odds feed will provide us with a greater range of betting options and more flexibility, while still allowing our team to maintain control of our core product. We’re excited to partner with Kambi and create more unique experiences for players on our top-rated platform.”
Andreas Bardun KTO Founder and CEO
Kambi Group plc signs multi-year online sportsbook partnership with fast-growing Brazilian operator KTO Group
KTO among the most widely recognised betting and gaming brands in Brazil, strengthening Kambi’s position as the sportsbook provider of choice in Latin America
Kambi Group plc, the world’s trusted sports betting partner, has signed a multi-year agreement to power the online sportsbook of KTO Group (“KTO”), one of Brazil’s leading online betting and gaming operators. Under the terms of the agreement, KTO will replace its existing third-party sportsbook provider with Kambi’s flexible turnkey sportsbook.
Proven to deliver for operators across Latin America, Kambi’s scalable and stable sportsbook technology has a strong track record of delivering a leading product for partners in highly regulated markets. Kambi’s end-to-end sportsbook solution also includes its innovative AI-powered trading capabilities, comprehensive odds coverage of Latin America’s most popular sports and an award-winning Bet Builder with live and cash-out functionality.
Since launching in 2019, KTO has quickly established itself as a leading betting and gaming brand in Brazil through a mix of strategic marketing, influencer partnerships, brand ambassadors and local sponsorships. The operator is led by an experienced team of industry personnel with a deep understanding of the local betting market, enabling KTO to build a growing customer database and establish a strong foothold in the market.
With Brazil set to launch regulated sports betting market in early 2025, the agreement strengthens Kambi’s position as Latin America’s leading B2B sportsbook partner, building on its success in regulated markets across the region such as Argentina, Colombia, Mexico and Peru.
Werner Becher, Kambi CEO, said: “We are thrilled to announce this exciting partnership with KTO, one of the leading sports betting operators in Brazil. Both companies share a deep passion for delivering exceptional sports betting experiences and this collaboration will enable KTO to take its sportsbook offering to the next level. By leveraging Kambi’s advanced technology and expertise, KTO is well positioned to expand its foothold in Brazil as it prepares to launch what will become one of the world’s largest regulated sports betting markets.”
Andreas Bardun, KTO Founder and CEO, said: “Partnering with Kambi is a significant milestone for KTO. Kambi’s cutting-edge technology, combined with their understanding of the sports betting industry, will allow us to elevate our product offering and provide our customers with a best-in-class experience. We are excited to leverage Kambi’s product and expertise as we look to grow our brand in the Brazilian market.”
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