Kambi has secured licensing approval to provide its sportsbook technology and services to operators across the state of Nevada.
The approval from the Nevada Gaming Commission follows a recommendation for approval earlier this month by the Nevada Gaming Control Board and awards Kambi a Manufacturer and Distributor License and an Information Services License.
The approvals allow Kambi to roll out its sports betting solutions with nonrestricted gaming establishments in Las Vegas and across Nevada.
Kambi said that with limited B2B competition in the state due to the high regulatory requirements, Nevada presents the company with future growth opportunities in line with its strategy to expand across the Americas.
“Securing approval for our licences in Nevada is an important milestone for Kambi and a testament to our market-leading technology, regulatory expertise and corporate integrity,” said Kambi Group chief executive Werner Becher.
“Nevada is widely known as the gold standard for betting and gaming regulation, insisting on a standard that few companies can meet, and is therefore recognition of Kambi’s unwavering commitment to excellence. We would like to thank both the Commission and Nevada Gaming Control Board for their thorough review and approval of our applications.”
Shares in Kambi Group plc. (STO:KAMBI) were trading 0.24 per cent lower at SEK122.40 per share in Stockholm Friday morning.