Kambi Group’s turnkey sportsbook contract with MGM Resorts subsidiary LeoVegas has been extended until 2027.
The contract extension allows LeoVegas to continue to utilise the Kambi solution while the company migrates to its own proprietary platform, and also adds Kambi’s Odds Feed+ product to the deal.
The Odds Feed+ agreement will see the product integrated across LeoVegas and its associated brands, including LeoVegas, BetMGM, BetUK and expekt.
Kambi has supplied its sports betting solutions to LeoVegas since 2016.
“Our valued partnership with LeoVegas dates back almost 10 years, and we are proud of the success we have achieved together,” said Kambi CEO Werner Becher.
“While we look forward to another two years of turnkey provision, it speaks to the quality of our trading capabilities that LeoVegas also secured access to our Odds Feed+ solution, taking our partnership into a new phase.”
Shares in Kambi Group plc (STO:KAMBI) were trading 2.39 per cent higher on the news at SEK137.20 per share in Stockholm Tuesday morning.