Kambi pens sports betting deal with Racing and Wagering Western Australia
Under the agreement, the RWWA use Kambi’s sports betting technology across its current sportsbook offering across its retail outlets and the TABtouch online brand.
The RWWA has a retail network of more than 320 agencies across the state of Western Australia, while its TABtouch brand is accessible online and mobile.
The organisation distributes profit generated via its betting business to support the state’s racing industry.
“As the organisation which funds the State’s racing industry, RWWA is focused on maximising its profits through the Western Australian TAB in the long-term interests of the industry, and we believe this partnership will help drive greater results,” RWWA chief executive Ian Edwards said.
Kambi chief executive Kristian Nylén added: “The RWWA has achieved excellent recent growth, and we are very pleased that they view Kambi’s high-performance sports betting technology as central in pushing that to the next level.
“The agreement underlines Kambi’s ability to configure our technology to meet the needs of any operator and regulated market, and we are excited to play a crucial role in driving RWWA’s online and retail success.”
The deal comes after Kambi earlier this month said that it expects revenue for the fourth quarter of 2020 to fall between €46.0m and €48.0m, meaning full-year revenue could rise 27.6% to €117.8m (£104.2m/$143.1m).
This was despite the suspension of sports for much of the year, due to the novel coronavirus (Covid-19) pandemic.