Kambi Secures Nevada Gaming Licences

Kambi has secured gaming licences in Nevada, marking a major step in its US sportsbook expansion strategy.

The approval allows Kambi to offer its cutting-edge sportsbook technology to nonrestricted gaming establishments in the state.

Nevada’s high regulatory barriers create limited competition among B2B providers, positioning Kambi for long-term growth and strategic partnerships.

Learn how Kambi’s latest milestone strengthens its foothold in the US sports betting industry and opens new market opportunities.

Kambi Secures Nevada Gaming Licences, Strengthening Its US Sportsbook Expansion

3 Key Points:

1. Kambi Gains Nevada Licences: The company received Manufacturer & Distributor Licences and an Information Services Licence from the Nevada Gaming Commission.
2. Strategic Market Expansion: Nevada’s strict regulatory landscape limits competition, providing Kambi with a valuable opportunity for sportsbook partnerships.
3. Broader US Growth Plans: This move follows recent leadership appointments, reinforcing Kambi’s commitment to scaling its US operations.

Kambi has received official approval from the Nevada Gaming Commission, allowing it to supply its sportsbook technology across the state. This development follows a unanimous recommendation by the Nevada Gaming Control Board, reinforcing Kambi’s credibility as a leading sportsbook provider.

The licences granted include:

• Manufacturer & Distributor Licences, enabling Kambi to provide sports betting technology to licensed operators.
• An Information Services Licence, allowing it to offer data and analytics services to sportsbook partners.

As one of the most highly regulated gaming markets in the US, Nevada enforces stringent licensing requirements, making approval a significant achievement.

Kambi CEO Highlights the Importance of Nevada Entry

Kambi CEO Werner Becher emphasized the significance of this milestone:

“Securing approval for our licences in Nevada is an important milestone for Kambi and a testament to our market-leading technology, regulatory expertise, and corporate integrity.”

He added:
“Nevada is widely known as the gold standard for betting and gaming regulation, insisting on a standard that few companies can meet. This approval reflects Kambi’s unwavering commitment to excellence. We would like to thank both the Commission and NGCB for their thorough review and approval of our applications.”

Positioning for Growth in a Competitive US Market

Nevada remains a key sports betting hub, with strict regulations limiting the number of B2B suppliers. Kambi’s entry into the market provides:

• Exclusive opportunities to collaborate with nonrestricted gaming operators.
• A stronger foothold in the US sports betting sector, where Kambi has been active since 2018.
• An expanded distribution network, aligning with its long-term North American growth strategy.

This development follows Kambi’s historic role in shaping US sports betting, including:

• Facilitating the first legal online sports bet outside of Nevada after the 2018 repeal of PASPA.
• Expanding partnerships with major sportsbook operators across multiple US states.

Leadership Expansion and Strategic Investments

Alongside its regulatory progress, Kambi has been making organizational enhancements to support its expansion efforts.

• Mattias Frithiof was appointed Senior Vice President of Investor Relations & Sustainability, bringing over 15 years of financial experience to oversee performance reporting and corporate responsibility initiatives.
• The company introduced a Chief People Officer role, recently filled by Brian Dean, as part of a broader workforce strategy aimed at driving long-term growth.

These leadership changes reflect Kambi’s commitment to scalability, ensuring it remains a key player in the evolving US sportsbook market.

A Major Step in Kambi’s US Expansion Strategy

Kambi’s Nevada gaming licence approval represents a significant milestone in its US expansion. By entering one of the most competitive sports betting markets, Kambi gains access to new operator partnerships, reinforcing its position as a premier sportsbook technology provider.

As the US betting industry continues to evolve, Kambi’s regulatory approvals, leadership investments, and strategic growth initiatives place it in a strong position for future success. Expect further expansion, innovation, and high-profile partnerships as Kambi solidifies its presence across North America.