Kambi Group and Churchill Downs Incorporated (CDI) have agreed a multi-year extension to their sports betting agreement.
The contract extension will see CDI continue to utilise Kambi’s turnkey sportsbook solution across its retail locations in the United States, including a new launch in Maine.
The agreement covers 15 existing retail sportsbook locations in eight states, as well as a new launch this month in Maine to expand to nine states.
“We are pleased to extend our partnership with Churchill Downs Incorporated as we both share the same commitment to delivering high-quality betting and entertainment experiences,” said Kambi chief executive Werner Becher.
“CDI’s deep-rooted heritage in horse racing and its growing retail sportsbook footprint makes them an ideal partner for our Turnkey Sportsbook. We look forward to continuing to support their expansion and continued success across the United States.”
Bill Mudd, president and chief operating officer at CDI, commented: “Churchill Downs Incorporated is delighted to continue our successful relationship with Kambi as we aim to expand our retail sports betting operations.
“Kambi’s proven technology and commitment to excellence align with our mission to deliver exceptional wagering experiences in both sports and horse racing, which remains at the heart of our business.”
Shares in Churchill Downs Incorporated (NASDAQ:CDI) closed 0.60 per cent lower at $116.89 per share in New York Tuesday, while shares in Kambi Group plc. (STO:KAMBI) were trading 1.48 per cent lower at SEK133.00 per share in Stockholm Wednesday morning.