Kambi Group has agreed a new long-term omni-channel sportsbook deal with Latin America-facing operator RedCap.
Replacing RedCap’s current supplier, Kambi will power the operator’s online Betpro and Starplay brands in El Salvador and Panama, with plans for retail and additional markets in the future.
“This partnership marks an important next step in Kambi’s Latin American growth strategy,” said Kambi CEO Werner Becher. “By selecting Kambi to replace their existing provider, RedCap has shown clear confidence in our market-leading technology and ability to support scalable growth. We are excited to help them bring best-in-class sports betting experiences to players across the region.”
RedCap CEO Oscar Henao added: “We are thrilled to join forces with Kambi. This agreement gives us the product and flexibility we need to compete at the highest level, offering our customers premium betting experience across all channels.
“With Kambi’s support, we look forward to launching in Panama and El Salvador and expanding into new markets as we execute our multi-brand strategy.”
Shares in Kambi Group plc (STO:KAMBI) gained 3.10 per cent on the news to SEK132.90 per share in Stockholm Tuesday morning.