Kambi signs landmark sportsbook deal with Choctaw Nation of Oklahoma
26th April 2024 2:19 pm GMT
Kambi Group has signed a landmark multi-state sportsbook agreement with Choctaw Nation of Oklahoma, one of the largest Indian Nations in the United States.
The deal will see the company provide its sports betting technology and services to Choctaw Nation’s gaming entities, and includes the scope to expand into multiple states, pending regulatory approvals.
“This is a landmark partnership for Kambi with exciting long-term potential,” said Kambi CEO and co-founder Kristian Nylén. “Not only does Choctaw Nation have fantastic, well positioned gaming and entertainment facilities in Oklahoma, but its proven track record in developing successful digital businesses gives me every confidence that together we will create thrilling sports betting experiences for its players.
“Due to these exciting credentials, Choctaw Nation was an obvious partner, so I am therefore delighted it saw the benefits of Kambi’s proven technology and recognised our shared values. Trust remains paramount through each tribal partnership, and we look forward to delivering a best-in-class sportsbook that generates long-term sustainable revenues for the Choctaw Nation.”
Choctaw Nation owns a selection of gaming and hospitality destinations throughout southeastern Oklahoma, including Durant, Grant, Pocola, Idabel, Broken Bow, McAlester, Stigler and Stringtown.
Choctaw Casino & Resorts is also the official and exclusive casino and resort partner of MLB’s Texas Rangers.
“We are thrilled to have entered into a long-term agreement with Kambi,” said Heidi Grant, senior executive officer of commerce for Choctaw Nation of Oklahoma. “Adding Kambi’s best-in-class technology and custom player offerings to Choctaw Nation’s brand and market positioning, Choctaw Nation is poised to remain well positioned as the premier, full-service, vertically integrated gaming operator throughout our region.”
Shares in Kambi Group plc (STO:KAMBI) were trading 6.31 per cent higher at SEK95.25 per share in Stockholm Friday.
