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US sports betting expansion drives Kambi growth in Q1

24th April 2020 8:30 am GMT
Kambi
SBTech

Stockholm-listed sports betting technology supplier Kambi has reported a 33 per cent increase in revenue for the first quarter of 2020, despite a 70 per cent fall in trading in the final weeks of the quarter due to the cancellation of sports in response to the COVID-19 pandemic.

Kambi’s operator partners grew turnover by 27 per cent during the period, helping Kambi to a 33 per cent increase in revenue to €27.9m, driven by betting on [...]

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