The sports betting solutions provider has strengthened its position in the Silver State’s regulated betting market with a set of Manufacturer and Distributor licences, as well as an Information Services license – which were granted following a unanimous recommendation by the Nevada Gaming Control Board (NHCB).
Kambi will now be able to supply its sportsbook technology and services to nonrestricted gaming providers operating in the state, including those with a presence in Las Vegas.
This represents a significant opportunity for the company, as B2B competition in Nevada is limited due to stringent regulatory requirements.
Werner Becher, CEO of Kambi, commented: “Securing approval for our licences in Nevada is an important milestone for Kambi and a testament to our market-leading technology, regulatory expertise and corporate integrity.
“Nevada is widely known as the gold standard for betting and gaming regulation, insisting on a standard that few companies can meet, and is therefore recognition of Kambi’s unwavering commitment to excellence.
“We would like to thank both the Commission and NGCB for their thorough review and approval of our applications.”
The NASDAQ-listed firm is no stranger to the regulated US sports betting industry, having processed the first legal online wager outside of Nevada shortly after the repeal of PASPA in 2018.
With the latest strategic milestone now a fact, additional growth opportunities will unlock for Kambi to expand its footprint across the Americas.
Dingnews.com 03/02/2025