Kambi plots M&A move to enhance sports betting technology

Stockholm-listed supplier is weighing up investment opportunities in the areas of machine learning and artificial intelligence

Kambi is planning to dip into the M&A market this year as the sports betting supplier looks to utilise its strong cash position. The Stockholm-listed firm had stored up a total cash balance of €60.8m by the end of full-year 2020 and that pot has since increased to €70.7m following strong a Q1, where revenue…

Finance | Kambi | Kristian Nylen | M&A | Product | Sports betting | Technology