Kambi gains Nevada gaming licences, expanding US operations
Kambi has received approval from the Nevada Gaming Commission to provide its sportsbook technology in the state.
Key points:
– Kambi has been awarded Manufacturer & Distributor Licences and an Information Services License in Nevada
– The approval allows Kambi to offer sportsbook technology to nonrestricted gaming establishments across the state
– Nevada’s strict regulatory standards limit competition among B2B providers, positioning Kambi for expansion
The Nevada Gaming Commission has approved Kambi’s application for gaming licences, enabling the company to supply its sportsbook solutions to operators across the state.
The approval includes Manufacturer & Distributor Licences and an Information Services Licence, following a unanimous recommendation by the Nevada Gaming Control Board earlier this month.
With Nevada maintaining high regulatory barriers that limit B2B competition, Kambi’s entry into the market presents growth opportunities aligned with its long-term expansion strategy.
Kambi CEO Werner Becher said: “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.
“Nevada is widely known as the gold standard for betting and gaming regulation, insisting on a standard that few companies can meet and is therefore recognition of 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.”
Good to know: The decision allows Kambi to expand its presence in the US, where it has been active since 2018. The company previously facilitated the first legal online sports wager outside of Nevada following the repeal of the Professional and Amateur Sports Protection Act (PASPA)
Kambi’s expansion into Nevada follows recent organisational changes, including the appointment of Mattias Frithiof as SVP of Investor Relations & Sustainability.
Frithiof, who has more than 15 years of experience in investor relations and finance, will oversee financial performance reporting and corporate responsibility initiatives.
The supplier has also created a new Chief People Officer role, which was recently filled by Brian Dean, as part of its broader workforce strategy.
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