Kambi pens expanded sportsbook deal with Kindred

Kambi has signed a long-term extension to its sportsbook partnership with the Kindred Group.

Under the deal, which is subject to shareholder approval, Kambi will continue to power sportsbook operated by Kindred.

The agreement also includes revised terms for the convertible bond between the two parties.

Should the contract extension receive shareholder approval, it will be effective from January 1, 2018

“We are delighted to continue developing the successful partnership we have had with Kindred over the last five years and look forward to further contributing to its future success,” Kambi chief executive Kristian Nylén said.

“During this time, Kindred has gone from strength to strength with its Sportsbook, demonstrating the quality of the service provided by Kambi.

“This contract extension is evidence of the quality, relevance and stability our scalable sportsbook offers our customers as we continue to develop the best Sportsbook in the market.”

Henrik Tjärnström, chief executive of Kindred, added: “With the extension of Kindred Group’s strategic relationship with Kambi, I am confident that we will be able to continue to build on our strong positive momentum and continue to take market share.”

Related article: Kindred reveals widespread financial growth in Q1