Since the company's most recent secured deals in Argentina and Peru, the partnership will focus on expanding Kambi throughout the American regions. The merger will leverage Kambi’s technology and sports betting services and upgrade its sportsbook, all the while supplying a professional betting experience in The Bahamas.
Kristian Nylén, CEO and Co-founder of Kambi, said: "We are delighted to have finalised this agreement with Island Luck, extending Kambi's presence in the Americas and further strengthening our global network.
"As a local market leader in The Bahamas, Island Luck is a perfect fit for Kambi and we look forward to working closely with their team to deliver an industry-leading sports betting experience to its players."
Since it’s Q2 report showing Kambi’s revenue of €42.8m ($50.4m) for the second quarter of 2021, an increase of 189% from the prior-year period, the deal is said to be promising for Island Luck.
Sebas Bastian, CEO, Island Luck, commented: "Our sports product is a significant, strategic and important vertical for our group and after considerable research; it was evident that a strategic partnership with Kambi, a global leader in the sportsbook space, was the right decision for us.
"We are extremely happy to partner with Kambi to provide our customers with a superior sports betting experience and to provide us with cutting-edge risk management tools."
Island luck has powered sports betting launches across multiple US states. Since its establishment in 2009, Island Luck has been licensed by the Gaming Board for The Bahamas. Offering online sports betting, lottery and casino, it is the largest gaming company in the country.
