Kambi, the supplier of sports betting services, has extended its contract with 888 Holdings, which will see it increase its premium sportsbook and technology services to the operator's 888sport brand.
This multi-year deal recognises Kambi as the provider of 888's sportsbook, supporting the latter’s growth and development in the sports vertical.
With 888's sports division having grown more than fivefld since the two firms formed their partnership in 2013, the contract extension secures multi-year revenue for Kambi from a key customer.
The news broke as Kambi released details of its successful Q2 2017 results, with its revenue amounting to €14.1m for the period, an increase of three per cent from the same time last year.
“I am pleased to report that Q2 was a successful trading period for us,” said Kristian Nylén, CEO of Kambi. “Not only has the day-to-day performance of the business remained strong, but we have managed to further strengthen our foundations for future growth.
“We are very pleased to have secured a multi-year extension with one of our key customers, 888sport. We believe the longer term benefit from securing them for years to come, far outweighs the shorter term impact the renegotiation has on our financial results. Together we have enjoyed a very successful partnership, with 888sport having seen a near 500 per cent increase in sports betting revenues since switching to us in 2013.”
