Kambi Expands Latin American Footprint by Way of Olimpo.Bet Deal

Sports betting technology supplier Kambi Group introduced right this moment it signed an agreement with a newly developed sports activities betting model in Latin America to provide its technology and providers. The brand new settlement is backed by a personal equity agency.

Entering Another Latin American Market

The Malta-primarily based sports activities betting tech group teamed with NG Gaming for the launch of its online sportsbook brand Olimpo.wager, which was just lately added to the assets of one of the main corporate teams within the Latin American area.

Targeting Latin American markets, the Olimpo.guess brand will initially launch in Peru to reap the benefits of development alternatives there, whereas further strengthening Kambi’s place in the region and expanding the group’s presence in Colombia and Argentina so far.

Speaking about the brand new settlement, olimpo bet pe Kambi CEO and co-founder Kristian Nylén outlined the importance of the brand new strategic partnership as the expertise firm is seeking to broaden its "footprint in Latin America’s growing sports activities betting markets".

"The ambition proven by NG Gaming to be among the many leaders in sports betting matches our personal, and we are excited at the prospect of Olimpo.bet going live in time for the Copa América."

A spokesperson of Olimpo.wager dad or mum company NG Gaming expressed the pleasure the partnership with Kambi created previous to the launch of their new sports activities betting brand that is expected to disrupt the industry in the area, whereas outlining Kambi was "the only partner we may trust to support us with our bold time-to-market strategy and future expansion throughout the South American continent".

"Furthermore, Kambi’s versatile know-how, alongside its confirmed risk management and price differentiation capabilities, will give Olimpo.bet a platform on which to outcompete the market."

Americas Represent Kambi’s Core Markets

Kambi Group completed 2020 with exceptional results driven by impressive performance throughout its main US market. It continued on the same trajectory in the primary quarter of 2021, launching sportsbook products in Michigan, Illinois, Virginia, and Arkansas to expand the entire variety of US jurisdictions the place Kambi powers sportsbooks to 14.