Kambi joins Swedish igaming operator association
Sports betting provider Kambi has been elected as the latest member of Branschföreningen för Onlinespel (BOS), Sweden’s igaming operator trade association.
The provider becomes the association's first B2B member, and one that already Kambi works in partnership with a number of existing BOS members.
Kambi joins the likes of Mr Green, Kindred, Betsson, bet365, LeoVegas, Scientific Games and GVC Holdings as member of BOS.
“Kambi is delighted to have been elected to join BOS, an organisation aligned with our aims of building a successful and sustainable betting market in Sweden that not only protects players through high rates of channelisation, but safeguards the integrity of sport through sensible regulation,” Kambi’s associate general counsel Tommaso Di Chio said.
BOS secretary general Gustaf Hoffstedt added: “I am convinced that Kambi has plenty to offer in our efforts to create a prosperous Swedish gambling market. Having worked with a broad variety of gambling operators, their experience is unique.
“I am particularly convinced that Kambi’s knowledge will contribute greatly to the effort on conserving and strengthening the integrity in sports.”
Earlier this month, Kambi posted a year-on-year increase in revenue and profit for 2019, putting this down primarily to its expansion into several new markets within the US. Revenue for the 12 months to 31 December 2019 amounted to €92.3m (£77.7m/$100.8m), up 21.1% from €76.2m in the previous year.
This week, the BOS urged Swedish regulator Spelinspektionen to drop proposals to ban certain sports betting markets, saying the measures would push consumers to unlicensed operators.
The organisation reiterated its concerns that by bringing certain bets out of the regulated market, authorities would then lose the ability to monitor suspicious betting and to effectively police match-fixing.