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Kambi shares soar on contract extension with DraftKings

22nd August 2019 9:55 am GMT
Kambi

Shares in Kambi Group soared by nearly 20 per cent in Stockholm Thursday as the sports betting technology provider announced a new contract extension with leading US operator DraftKings.

The multi-state contract extension will see Kambi provide its technology to DraftKings in eight additional states - Colorado, Indiana, Iowa, Maine, New York, Pennsylvania, Tennessee and West Virginia.

The supplier said that the terms of the deal secure Kambi’s current revenue in New Jersey, while also providing opportunities [...]

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