Kambi Group plc and U.S.-based Rush Street Interactive Sign

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
96
Kambi Group plc and U.S.-based Rush Street Interactive Sign Sportsbook Deal

Malta, 17 May 2018

Kambi Group plc and U.S.-based Rush Street Interactive Sign Sportsbook Deal

Kambi to provide its market-leading sports betting technology and services to one of America's fastest growing online gaming companies

Kambi Group plc, a global leader in sports betting services, has signed a multi-year deal to provide its Sportsbook and innovative technology to Rush Street Interactive, one of the fastest growing online gaming operators in the United States.

Following this week's U.S. Supreme Court decision to repeal the country's federal sports betting ban in full, Rush Street plans to launch a Kambi-powered Sportsbook within select states where permitted. 

Chicago-based Rush Street Interactive is affiliated with Rush Street Gaming, which owns and operates four bricks and mortar casinos in three of the country's largest states - New York, Pennsylvania and Illinois.

Rush Street Interactive also operates the rapidly growing PlaySugarhouse.com online casino site in New Jersey's regulated gaming market.

In two of the four states where Rush Street operates, local lawmakers have already enacted sports betting legislation, and the other two are in the process of developing a legal framework for regulated sports betting now that the prohibition is lifted.

The agreement will see the Kambi Sportsbook integrated into Rush Street Interactive's proprietary platform, and covers the provision of online and retail services, as well as markets outside of the U.S., if Rush Street Interactive is to expand its business internationally.

The uncertainty around a U.S. regulatory timetable means the impact of the deal on Kambi's 2018 revenues is difficult to predict, however, when also factoring in the potential for revenues from outside of the U.S., a positive contribution is anticipated.

"Kambi has long kept a close eye on the U.S. market, carefully building a business and technology to suit the likely state-by-state regulation of sports betting, as well as meet the requirements stakeholders have for a safe and secure sportsbook," Kristian Nylen, Kambi Chief Executive, said.

"This agreement with Rush Street Interactive, one of the most respected and innovative gaming companies in the U.S., is recognition that Kambi not only has online premium sports betting services ready to appeal to American sports enthusiasts, but those which will help protect the integrity of sports."

Richard Schwartz, President of Rush Street Interactive, commented: "Rush Street Interactive was founded on the key principles of providing entertaining and memorable experiences to our customers, without compromising on integrity.

"Therefore, when deciding to launch a sports betting product, it was key we chose a partner who shared those principles, and at the same time provided us with the opportunity to launch a premier product firmly aligned with Rush Street's focus on innovation and customer experience.

"In Kambi we are confident we have found that partner and, following the recent Supreme Court ruling, look forward to launching a high-quality Sportsbook in the U.S., as well as other regulated markets internationally," he added.     

For further information, please contact:

Kambi Group plc Kristian Nylen, Chief Executive Officer David Kenyon, Chief Financial Officer +44 203 617 7270 www.kambi.com

***ENDS***

About Kambi Kambi is a provider of premium sports betting services to licensed B2C gaming and gambling operators.  Kambi Group plc is listed on First North at Nasdaq Stockholm. Active in six continents, our services encompass a broad offering from frontend user interface through to odds compiling, customer intelligence and risk management, built on an in-house developed software platform. Kambi's 18 customers include Kindred Group, 888, Paf, Televisa, LeoVegas, Mr Green and Napoleon Games. Kambi employs more than 600 staff across offices in Malta (headquarters), Bucharest, London, Manila, Stockholm and Sydney.

Kambi utilises a best of breed security approach.  Kambi is a member of WLA, EL, Cibelae and is eCOGRA and ISO 27001 certified.  Kambi Group plc is listed on First North at Nasdaq Stockholm under the symbol "KAMBI". The Company's Certified Advisor is Redeye AB.

About Rush Street Interactive Rush Street Interactive, an affiliate of Rush Street Gaming, was founded by pioneers in the internet gaming industry with decades of collective experience in developing and operating regulated online gaming sites. Rush Street Interactive owns, develops, and operates an in-house proprietary iGaming platform, which enabled the company's playsugarhouse.com brand to rapidly become one of the leaders in the online casino market in New Jersey.  In addition to deployments in legal and regulated iGaming markets, the Rush Street Interactive iGaming platform also powers a growing number of social casino4fun websites, including those belonging to several of the Rush Street Gaming's affiliated land-based casino brands.  Rush Street Gaming is one of the fastest-growing gaming companies in North America and has developed and operates Rivers Casino in Pittsburgh, SugarHouse Casino in Philadelphia, Rivers Casino in Des Plaines, Illinois and Rivers Casino and Resort in Schenectady, New York. For more information, visit www.rushstreetgaming.com. SugarHouse Online Casino website:  www.playsugarhouse.com

Disclaimer: The information in this press release is such that Kambi Group plc is required to disclose under the EU Directive of Market Abuse Regulation and the Swedish Securities Market Act.

The information in this report was sent for publication on Thursday, 17 May 2018 at 16:00 CET by CEO Kristian Nylén.

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Hyundai Teases 2027 TUCSON: Global Reveal Imminent

Updated Category News Views 0

Hyundai Sets the Stage for the 2027 TUCSON Hyundai’s ready to roll out its shiny new set of wheels, the 2027 TUCSON, and boy, they sure know how to make an entrance. Mark your calendars for October 1—it's happening right in the Big Apple, none other than Long Island City. Expect the spotlight to hit at precisely 5:15 p.m. ET, and don't worry if you can't snag a...

Continue Reading
Multiply's AI Agent Tackles $126K Google Ads Waste

Updated Category News Views 0

AI Steps In Where Marketers Hit a Wall Picture this: marketers drowning in search terms flying at them faster than they can blink. Multiply's new AI-powered Ad Spend Recovery Agent steps in, claiming to save an eye-watering $126,000 per year by cutting Google Ads waste. Talk about having a hawk-eyed auditor sifting through your accounts. Shaking Up Traditional Automation...

Continue Reading
Nailah Thorbourne's Vlair Shapewear: Fashion Freedom

Updated Category News Views 3

Fashion with a Punch: Nailah Thorbourne's New Venture You'd think from the way the fashion industry's been humming along that someone would've cracked the code on shapewear a long time ago, right? But alas, it takes Nailah Thorbourne to step out of Brick & Lace's spotlight and into this shapely market with Vlair Shapewear. Apparently, what most overlooked in comfort, she...

Continue Reading
Alito's Recusal: Supreme Court Climate Case Shaker

Updated Category News Views 2

Justice Alito Bows Out from A High-Stakes Climate Battle September 28, 2026, marked a notable turn in the legal landscape. Supreme Court Justice Samuel Alito chose to step away from a case that's got every investor, lawyer, and policy wonk on the edge of their seats—Suncor v. Boulder. This isn't about just any old courtroom squabble; it's a landmark climate case poised...

Continue Reading
Gray's Rise in ENR Rankings Highlights Sector Dominance

Updated Category News Views 2

Gray's Outstanding Reputation in the Construction Arena Nothing says “we're on top of our game” like snatching top slots in industry rankings, and that's precisely what Gray, the construction and engineering heavyweight, has managed to do. This firm recently secured impressive spots across ten different categories in the prestigious Engineering News-Record (ENR) Top...

Continue Reading
Understanding Criminal Threat Charges in Kansas

Updated Category News Views 0

The Intricacies of Criminal Threat Cases in Kansas Let's cut straight to it: not all heated exchanges land you in court, but words can slap you with a criminal threat charge in Kansas if mishandled. A simple spat can turn legal nightmare, making it crucial to grasp the nuances of these cases. What sets them apart from other charges is the absence of physical...

Continue Reading
Class Action Lawsuit Hits Desert Resort Management

Updated Category News Views 4

Desert Resort Management in Labor Hot Seat Alright, here's a twist that might make your coffee spill—Desert Resort Management, Inc. is caught in a legal whirlwind in Riverside County. The heavy hitters at Blumenthal Nordrehaug Bhowmik De Blouw LLP have slapped a lawsuit right in their face, alleging some grimy labor practices. They're claiming that the company wasn't...

Continue Reading
Celina Graves Joins Expanding GoLive Streamers Platform

Updated Category News Views 3

Celina Graves Breaks New Ground on GoLive Streamers You'd think television capture all the talent buzz, but nope. Celina Graves, known from her semifinalist run on America's Got Talent, is diving into new waters by joining GoLive Streamers. She's stirring up the scene by making her performances more personal, stretching beyond the flatness of your typical TV appearance....

Continue Reading
Primrose Schools App: A Bold Step for Digital Literacy

Updated Category News Views 2

Primrose Schools Delivers a New Era in Child Education Sitting at a crossroads between the tactile charm of hands-on learning and the inevitable march of digital literacy, Primrose Schools has unveiled something that might just rock the boat in early education: their new Balanced Learning® App. This move by Primrose comes at a crucial time when many parents are...

Continue Reading
Craig Hospital Expands: A Milestone for Rehab Care

Updated Category News Views 6

A Bold Step Forward in Neurorehabilitation Over a September sky in Englewood, Colorado, a ceremonial beam rose, marking a major milestone for Craig Hospital. It's not just steel and concrete; it's hope and progress for many who've found themselves at the mercy of neurological injuries. Celebrating the 'topping out' of their expanded campus, Craig's latest step forward...

Continue Reading

Top 5 Most Recently Viewed Articles

Uranium Energy Corp Expands Operations with New Acquisition

Updated Category News Views 136

Uranium Energy Corp Completes a Major Acquisition NYSE American: UEC Uranium Energy Corp, commonly known as UEC, has announced the successful completion of its acquisition of the Sweetwater Plant along with various Wyoming uranium assets previously held by Rio Tinto America Inc. This strategic move positions UEC at a competitive advantage in the uranium sector. The deal...

Continue Reading
New IRS Guidance Paves Way for ETF Investments in Crypto

Updated Category News Views 254

IRS Provides Clarity for Digital Asset Staking The Treasury Department and the Internal Revenue Service have unveiled a new framework that simplifies the process for exchange-traded funds (ETFs) to stake digital assets and share rewards with their investors. New IRS Guidance on Crypto Staking The IRS has introduced guidelines under Revenue Procedure 2025-31, providing a...

Continue Reading
Foxtons Group Strengthens Market Position with New Acquisitions

Updated Category News Views 120

Foxtons Expands with Strategic Acquisitions Foxtons Group plc (LSE:FOXT), a prominent estate agency operating in the UK, has recently broadened its reach within the competitive property market. The company has made two significant acquisitions, namely Haslams Estate Agents and Imagine Property Group, located in the Reading and Watford areas. This expansion, valued at an...

Continue Reading
Kinross Gold Corporation Announces Quarterly Dividend for Shareholders

Updated Category News Views 152

Kinross Gold Corporation Declares Dividend Kinross Gold Corporation (NASDAQ: KGC) has made headlines with its recent announcement regarding its quarterly dividend. The company declared a dividend of US$0.03 per common share for the current quarter, showcasing its ongoing commitment to return value to its shareholders. Details of the Dividend Announcement The dividend is...

Continue Reading
MicroStrategy Secures $875M in Notes for Bitcoin Expansion

Updated Category News Views 101

MicroStrategy's Bold Move in the Cryptocurrency Market MicroStrategy, a well-known business intelligence firm, has captured attention with its recent announcement about offering $875 million in convertible senior notes. These notes are slated to mature in 2028, reflecting the company's steadfast commitment to Bitcoin. Boosting Financial Flexibility This capital raise...

Continue Reading