STOCKHOLM, SWEDEN – Kambi Group has received approval for its Nevada gaming license applications, marking a significant step towards launching in the iconic betting market. The Nevada Gaming Commission recently approved Kambi’s application for Manufacturer & Distributor Licenses and an Information Services License, following a unanimous recommendation by the Nevada Gaming Control Board (NGCB) last month.
The licenses will enable Kambi to provide its sportsbook technology and services to non-restricted gaming establishments in Las Vegas and across the State of Nevada for the first time. With limited B2B competition in the state due to the high regulatory requirements, Nevada presents Kambi with future growth opportunities in line with its strategy to expand its footprint across the Americas.
Kambi has been at the forefront of the regulated U.S. sports betting industry since 2018, processing the first legal online wager outside of Nevada following the repeal of PASPA.
“Securing approval for our licenses in Nevada is an important milestone for Kambi and a testament to our market-leading technology, regulatory expertise and corporate integrity,” said Werner Becher, CEO of Kambi. “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.”