Supplier Kambi says Penn National Gaming's acquisition of Score Media and Gaming will have "no financial impact" on its existing partnership with the operator.
A long-term partnership agreement between Kambi and Penn National was signed in 2019, although Penn National on 5 August acquired Score Media and Gaming.
Kambi says it remains unaffected by this acquisition, concluding in zero financial impact for the guaranteed term of its contract.
Kristian Nylén, Kambi CEO and Co-founder, commented: “I congratulate Penn National Gaming on today’s acquisition of theScore.
"While I respectfully disagree with Penn National Gaming’s long-term view on vertical integration, the entity they have acquired has yet to develop a proprietary sportsbook, and certainly not one to a similar high standard as what we offer. The transaction announced today creates some exciting opportunities for Penn National Gaming and I look forward to working with them over the coming years in support of their sportsbook growth.”
Kambi is a provider of premium sports betting services to licensed B2C gaming operators with services that encompass a broad offering. Kambi’s customers include LeoVegas, ATG, Churchill Downs, Kindred Group, and Rush Street Interactive. It is responsible for the employment of over 900 members of staff across the United States, UK, Australia, Philippines, Romania, Sweden, and its headquarters in Malta.
Penn National President and CEO, Jay Snowden, earlier added: “We are thrilled to be acquiring theScore, which is the number one sports app in Canada and the third most popular sports app in all of North America. theScore’s unique media platform and modern, state-of-the-art technology is a powerful complement to the reach of Barstool Sports and its popular personalities and content.”