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Kambi Group And PENN Entertainment Prolong Retail Sportsbook Partnership


Kambi Group And PENN Entertainment Prolong Retail Sportsbook Partnership
Kambi Group And PENN Entertainment Prolong Retail Sportsbook Partnership

Kambi Group plc ("Kambi") and PENN Entertainment, Inc. ("PENN") have inked a deal to extend their retail sportsbook platform agreement until December 31, 2025. This extension supersedes the previous agreement, originally slated to end in July 2024.


Under the renewed agreement, Kambi will persist in supplying PENN's retail casinos nationwide with its array of cutting-edge retail sportsbook products, encompassing kiosks, point-of-sale terminals, odds boards, and Bring Your Own Device (BYOD) technology. Presently, Kambi supports PENN across 30 properties spanning 13 states.


During the extended term, PENN aims to transition its retail sportsbooks to its proprietary technology. Per the amended agreement, any revenue generated from retail sports betting by PENN, whether through Kambi's platform or PENN's proprietary sportsbook in jurisdictions formerly supported by Kambi, will entail equivalent revenue share payments from PENN to Kambi until December 2025.


Kristian Nylén, CEO and Co-founder of Kambi, expressed satisfaction with the extension, stating: "We are delighted to extend our retail sportsbook agreement with PENN Entertainment, securing a vital revenue stream for Kambi until 2025.


As the premier sportsbook provider in both online and retail domains, we are dedicated to furnishing our partners with state-of-the-art technology and top-notch service, from which PENN's expansive retail network will continue to benefit throughout the extended contract."

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