Kambi Gets Go-Ahead for Ontario Market Launch
Kambi Group, a subsidiary of Unibet Group, has received a license to launch in Ontario.
With the approval, Kambi would be able to partner with licensed operators in the Ontario iGaming market when it launches on April 4.
Earlier this year, the award-winning provider inked an agreement with Northstar Gaming Sportsbook in Ontario. Under its terms, the Stockholm-listed supplier would provide the sportsbook with a software platform, user interface, and other tools to deliver a premium sports betting experience to its members.
With the approval hurdle out of the way, Kambi can now fulfill its contract terms with Northstar Gaming in the province of Ontario and strike new agreements with other willing operators.
I am delighted that Kambi has become one of the first sportsbook providers to obtain registration from the AGCO. This landmark achievement is a testament to Kambi’s expertise and exemplary track record in compliance, and we are excited to be in a position to deliver our market-leading sportsbook technology to our partners’ customers in Ontario from day one.
In his official press statement concerning the new developments, the CEO also revealed his intentions to grow the company through the new license. Recently, he increased his share options in the group from 720,000 to 745,000.