Swedish sports betting specialist Kambi Group reported revenue of €14.8m for the third quarter of 2016, an increase of 15 per cent on Q3 2015.
For the period January to September, 2016, revenue was €41.7m, up from €33.5m at the same point in 2015.
Kristian Nylén, CEO of Kambi, said: “I am really pleased to deliver an excellent set of results for Q3.
“Our unparalleled service drove a 37 per cent growth in operator turnover, which led to strong results for Kambi of 25 per cent growth in operating profit.
“I am highly encouraged by the partnership we have signed with the prestigious gaming company Novomatic Lottery Solutions, where we are joining forces to create a state-of-the-art omni-channel solution for government regulated lotteries, which is a key target segment for Kambi. This partnership strengthens our outreach to potential clients in the lottery sector.
“Part of our growth strategy is to build on our retail offering. We have seen tangible results as our retail service is being rolled out in several regions and is gaining momentum,” said Nylén.
