Penn agrees terms of split from Kambi

Kambi and Penn Entertainment have jointly announced that Penn will transition away from Kambi’s online and retail sportsbooks, and onto Penn’s own proprietary system. The shift for the online sportsbook will happen during Q3 2023, while the retail sportsbook will move at some point in 2024. As part of the agreement, revenue-share payments for the online and retail sportsbooks will be made during the transition period, and Kambi will...