Business News

Stockholm-listed sports betting solutions provider Kambi has signed a deal to provide its sports betting technology to Mohegan Gaming & Entertainment’s flagship Mohegan Sun casino in Connecticut.

The multi-channel sportsbook deal sees Kambi provide online and on-property sports betting products to the tribal casino operator.

While sports betting has not yet been regulated on an intrastate basis in Connecticut, Mohegan Sun supports pending state legislation to legalise the activity, with a bill introduced earlier this month.

Pending legalisation, the Kambi Sportsbook will be integrated with Mohegan Sun’s iPro gaming platform to power a free-to-play sportsbook, allowing Mohegan Sun customers to familiarise themselves with the Kambi product ahead of a regulated real-money launch.

“Kambi’s strategy in the US is to partner with the biggest and best gaming operators each state has to offer,” said Kambi CEO Kristian Nylén. “In Mohegan Sun, not only have we partnered with one of the two largest casinos in Connecticut, but also one of the leading gaming and entertainment destinations across the whole of the country.”

The 3.5m square foot Mohegan Sun property is situated in south-eastern Connecticut, and has consistently ranked among the world’s top resort and entertainment destinations since its launch in 1996 by the Mohegan Tribe of Connecticut.

“Mohegan Sun's goal is to utilise our brand and strong presence in the state and after a long vetting process, we found that Kambi was best positioned to complement that, as they're the most sophisticated and comprehensive Sportsbook out there,” said Aviram Alroy, vice president of interactive gaming for Mohegan Gaming & Entertainment.

"That, along with a highly experienced and responsive team, placed Kambi well above the competition in the selection of a sports betting strategic partner in Connecticut."

The deal expands Kambi’s roster of customers in the United States, which includes DraftKings, Rush Street Interactive, Greenwood Gaming and Entertainment and 888, offering the Kambi Sportsbook in New Jersey and Pennsylvania.

Shares in Kambi Group plc (STO:KAMBI) were trading up 1.54 per cent at SEK157.80 per share in Stockholm Thursday morning.