The Nevada Gaming Commission has granted Kambi Group plc a license to begin operations within the state.
The Swedish company has been granted Manufacturer & Distributor Licenses and an Information Services License, enabling it to roll out its full B2B sportsbook offering in the Silver State.
The Nevada Gaming Control Board unanimously recommended approving the licensing application in late January 2025.
Nevada has long been seen as the pinnacle of the United States of America’s gambling regulation. It was the only place where sports betting was legal until the repeal of PASPA in 2018. Kambi entered the US immediately upon the shift in federal legislation, processing the first legal online wager outside of Nevada.
Kambi’s Strategic Expansion in Nevada and Beyond
The grant of licenses allows Kambi to offer its solutions to brick-and-mortar locations on the world-renowned Las Vegas strip. The company hopes that given the stringent regulatory environment in the state, it will be optimally placed to capitalize on the lack of B2B competition and ‘expand its footprint across the Americas.’
Werner Becher, CEO of Kambi, said: “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.”
Currently, Kambi’s primary customer in Nevada is Bally’s Corporation, which operates the casino and sportsbook at Lake Tahoe. Now that the company has obtained the relevant licensing, it will look to aggressively expand.
It also works with clients such as PENN Entertainment and Rush Street Interactive across the United States. Globally, Kambi boasts operator clients in over 50 jurisdictions, including 15 U.S. states where sports betting has been legalized and Canada’s Ontario. The company recently reported processing over one billion wagers each year. Earlier in January, Kirk Hendrick, Chairman of the Nevada Gaming Control Board, announced his resignation, which will take effect after the ongoing legislative session. His final day as chair will be determined and announced soon.
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