Kambi Reveals Q4 2019 Revenue Growth Report

Kambi, one of the leading B2B sports speculators of the global gambling industry, has released its Quarter Four report. Although things were perfected late for the Malta-based company, the report saw spectacular growth from year to year.

Specification of The Q4 Report :-

Kambi brought in $ 26.7 million in revenue as reported by Quarter Four, a 23.1% increase from the $ 21.7 million figure in the same period last year.

A recent report by Kambi CEO Kristian Nylan said that he sees 2019 as “another great year” for the provider seeing the continued growth of the “fantastic sports betting product”. He attributed revenue growth to several key factors, including operator turnover.

Step Take By Kambi :-

One of the biggest steps Kambi made in the last quarter was its expansion into New York’s growing wagering market. Although the state has yet to offer mobile sports betting and still lags behind online sportsbooks in revenue in New Jersey and Pennsylvania, Kamby will be ready if the law is passed.

Kambi has a strong working relationship with DraftKings, the biggest setback it suffered in the last quarter, when Boston-based Sportsbook and the daily fantasy provider decided to merge with SBTech.

SBTech is one of Mumbai’s biggest competitors, and although Kamby’s stock fell dramatically after the merger, quarterly reports showed the whole case that things continue to show.