Kambi Group to expand in Nevada

Nevada Games Committee Camby license approved To work all over the state last week. Approval follows a unanimous decision by the Nevada Games Monitoring Council earlier last month.

Werner Bishr, CEO of Campbie, described the license as an “important teacher” for the provider of athlete technology and “a testimony on the leading market technology, organizational expertise and corporate safety.”

Like his Internet colleague, betting on the Internet in New Jersey, the Nevada’s games revenue reached a record in 2024. The state’s sales betting amounted to $ 15.6 billion for this year, including $ 1.46 billion in December. This represents an increase of 2 % on an annual basis.

“Nevada is widely known as the golden standard for regulating betting and games,” Bishr said in a statement. We would like to thank both the committee and NGCB for their comprehensive review and agree to our requests. “

The license is the latest step in Kambi’s goal in expanding all over the country, as it has worked since the online betting appeared in 2018.

The Swedish company deals with more than a billion bet annually, including the first company outside Nevada when sports books started in a digital boost. In general, more than 45 workers are served across more than 50 judicial authorities, including 15 US states and Ontario, Canada.

While the casino revenue through the Las Vegas sector fell to $ 8.8 billion in the past year, most growth was driven by retail sites in the center of Las Vegas, Renault and the unlisted Clark County.

The numbers are expected to remain strong early in 2025, as Super Bowl dominates New Orleans, and basketball championships for men and women NCAA that dominates the sports calendar.

The sports bet is now somehow in 38 states in addition to Washington, in particular, Nevada has specific restrictions that betrayers must register personally in a casino before placing the bet online.

KAMBI already has an exclusive deal with Bally’s Nevada properties based on business, as well as partnerships with Penn Entertainment, Rush Street Interactive and Mohegan.

The company said in a statement that the deal “confirms its dedication () in providing global sports books solutions with adherence to the highest standards of organizational compliance and integrity of companies.”

Camby’s expansion comes in the aftermath of Matthias Freithouf, which was appointed Vice President of Investors and Sustainability. Frithiof responsibilities include reporting financial performance and leading some corporate initiatives.