Greenwood Gaming and Entertainment, operator of Philadelphia's Parx Casino, has selected Stockholm-listed supplier Kambi as its sports betting partner.

The decision follows months of talks between the two parties, with Kambi crediting the contract win to its "unblemished record of regulatory compliance and corporate probity".

Kambi will supply Greenwood with both on-property and online sports betting solutions, beginning with a retail launch at the 260,000 sq. ft. Parx Casino near Philadelphia.

The retail sports book is due to launch by the end of the year and will be followed by an online launch in 2019, when the Kambi solution is integrated with the casino's GAN-supplied player account management system.

The multi-year agreement will also see Kambi deploy its retail sports betting technology and services at the Greenwood Gaming-owned South Philadelphia Turf Club, and includes a provision for Kambi to support the operator in the neighbouring state of New Jersey.

"Greenwood Gaming represents yet another exciting partnership for Kambi, as we continue to establish ourselves as the premier choice for operators looking to enter the US sports wagering market with a quality product and trusted partner," said Kristian Nylén, Kambi chief executive.

"Greenwood Gaming is committed to delivering exciting gaming experiences to players in a safe and responsible fashion, therefore, when deciding to launch a sportsbook, Kambi quickly became the natural choice and I'm confident we will form a successful partnership."

John Dixon, chief technology officer at Greenwood Gaming and Entertainment, commented: "We are excited to be working with an experienced, successful sportsbook partner that can bring best-in-class systems and odds making to the Parx-branded sports betting products.

"We are confident in their systems to provide timely, secure and accurate wagering opportunities across many sports both pre-game and in-game."

Shares in Kambi Group plc. (STO:KAMBI) were trading 5.08 per cent off their 52-week high at SEK243.00 per share in Stockholm Wednesday morning.