{"id":6783,"date":"2024-09-09T11:08:00","date_gmt":"2024-09-09T10:08:00","guid":{"rendered":"https:\/\/sbceurasia.com\/en\/?p=6783"},"modified":"2024-09-09T11:08:08","modified_gmt":"2024-09-09T10:08:08","slug":"kambi-group-refutes-rumors-of-genius-sports-merger-talks","status":"publish","type":"post","link":"https:\/\/sbceurasia.com\/en\/2024\/09\/09\/kambi-group-refutes-rumors-of-genius-sports-merger-talks\/","title":{"rendered":"Kambi Group Refutes Rumors of Genius Sports Merger Talks"},"content":{"rendered":"\n<p><strong>Kambi Group Plc<\/strong> Chairman <strong>Anders Str\u00f6m <\/strong>has refuted reports of a potential merger with <strong>Genius Sports<\/strong>, stating: \u201cWhile Kambi tends not to comment on rumours and speculation, I can confirm that Kambi is not engaged in any such discussions.\u201d<\/p>\n\n\n\n<p>At the time, Kambi&#8217;s stock surged 14% to 131 Swedish crowns (approximately \u20ac12) amid rumors of a merger with Genius Sports.<\/p>\n\n\n\n<p>Genius Sports CEO <strong>Mark Locke<\/strong> also denied the rumors, adding: \u201cTo prevent any further speculation, we can confirm that we are not involved in any discussions of this nature with Kambi.\u201d<\/p>\n\n\n\n<p>Kambi is currently undergoing a transitional phase in the second half of the year, following the exit of longtime CEO <strong>Christian Nyl\u00e9n<\/strong>, who served for 14 years, and the appointment of Werner Becher as the new CEO.<\/p>\n\n\n\n<p>Before the leadership change, Kambi&#8217;s board withdrew its 2027 long-term goals, which aimed to double revenue to \u20ac330 million and achieve an EBIT exceeding \u20ac150 million.<\/p>\n\n\n\n<p>The company is shifting its focus toward expanding key technology partnerships with major betting platforms like <strong>Bally\u2019s, Svenska Spel, LiveScore Group, and LeoVegas<\/strong>.<\/p>\n\n\n\n<p>In late 2023, founder and largest shareholder Anders Str\u00f6m resumed his role as Kambi&#8217;s chairman, emphasizing that the company was significantly undervalued despite its established reputation as a leading sports betting technology provider in global markets.<\/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 Chairman Anders Str\u00f6m has refuted reports of a potential merger with Genius Sports, stating: \u201cWhile Kambi tends not to comment on rumours and speculation, I can confirm that Kambi is not engaged in any such discussions.\u201d At the time, Kambi&#8217;s stock surged 14% to 131 Swedish crowns (approximately \u20ac12) amid rumors of [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":6784,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[5,1],"tags":[5783,8786,2190,936,5779,444,2279,1089,4411],"class_list":["post-6783","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gambling","category-news","tag-anders-strom","tag-ballys","tag-christian-nylen","tag-genius-sports","tag-kambi-group-plc","tag-leovegas","tag-livescore-group","tag-mark-locke","tag-svenska-spel"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - 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