{"id":4728,"date":"2024-02-21T13:27:53","date_gmt":"2024-02-21T13:27:53","guid":{"rendered":"https:\/\/sbceurasia.com\/en\/?p=4728"},"modified":"2024-02-21T13:27:57","modified_gmt":"2024-02-21T13:27:57","slug":"kambi-and-penn-shake-hands-on-retail-sportsbook-deal-extension","status":"publish","type":"post","link":"https:\/\/sbceurasia.com\/en\/2024\/02\/21\/kambi-and-penn-shake-hands-on-retail-sportsbook-deal-extension\/","title":{"rendered":"Kambi and PENN Shake Hands on Retail Sportsbook Deal Extension"},"content":{"rendered":"\n<p><strong>Kambi Group plc<\/strong> has inked a new deal with <strong>PENN Entertainment<\/strong> that extends their previous sportsbook platform agreement past the July 2024 expiry date.&nbsp;<\/p>\n\n\n\n<p>Now lasting until 31 December 2025, the partnership will enable Kambi to continue supplying PENN\u2019s retail US casinos with its sportsbook solutions lineup, such as kiosks, point-of-sale terminals, odds boards, and Bring Your Own Device technology. These locations include 30 venues across 13 states.<\/p>\n\n\n\n<p><strong>Kristian Nyl\u00e9n<\/strong>, Kambi CEO and Co-Founder, said: \u201cWe are pleased to agree to this extension to our retail sportsbook agreement with PENN Entertainment through which we have secured an important additional revenue stream for Kambi until the end of 2025\u201d.<\/p>\n\n\n\n<p>\u201cAs the industry\u2019s leading sportsbook provider, both online and in retail, we are committed to providing our partners with cutting-edge technology and a premium service which PENN\u2019s vast retail estate will continue to benefit from throughout the duration of the extended contract.\u201d<\/p>\n\n\n\n<p>PENN will also utilise the extended term to migrate its retail sportsbooks to its proprietary technology. This means that any retail sports betting revenue generated by PENN, either through its own offering or through Kambi\u2019s platform, will be subject to \u201cthe same level of revenue share payments from PENN to Kambi through December 2025\u201d.<\/p>\n\n\n\n<p>Earlier in January, Nyl\u00e9n, who co-founded Kambi in 2010, announced that he is planning to step down from his CEO duties at the Stockholm-listed sports betting technology group.<\/p>\n\n\n\n<p>Under his leadership, Kambi has become the industry\u2019s leading provider of B2B sportsbook technology systems, serving over 40 customers including Kindred Group, LeoVegas, Rush Street Interactive, and Bally\u2019s Interactive.<\/p>\n\n\n\n<p>Don&#8217;t forget to subscribe to our <a href=\"https:\/\/t.me\/sbceurasia\">Telegram channel<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kambi Group plc has inked a new deal with PENN Entertainment that extends their previous sportsbook platform agreement past the July 2024 expiry date.&nbsp; Now lasting until 31 December 2025, the partnership will enable Kambi to continue supplying PENN\u2019s retail US casinos with its sportsbook solutions lineup, such as kiosks, point-of-sale terminals, odds boards, and [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":4729,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[8,21,1,83,31],"tags":[7293,7287,2187,7292,7289,56,7286,7291,2734,47,2892,7288,7290],"class_list":["post-4728","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino","category-features","category-news","category-partnership","category-sponsorship","tag-byod-technology","tag-deal-extension","tag-kambi","tag-kiosks","tag-odds-boards","tag-partnership","tag-penn-entertainment","tag-point-of-sale-terminals","tag-retail","tag-sportsbook","tag-states","tag-us-casinos","tag-venues"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - 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