Key points:
- The NGCB approved Kambi’s application for both Manufacturer & Distributor licenses and an Information Services license
- The licensing approval will allow Kambi to begin operating in Nevada, following what was reported to be a unanimous recommendation by the NGCB in early January
Kambi Group has been granted licensing approval by the Nevada Gaming Control Board (NGCB) for both its Manufacturer & Distributor licenses and an Information Services license, allowing the company to begin conducting business within the state.
"Securing approval for our licences in Nevada is an important milestone for Kambi and a testament to our market-leading technology, regulatory expertise and corporate integrity,” Kambi CEO Werner Becher said.
“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."
The licensing approval follows what was reported to be a unanimous recommendation from the NGCB made during early January 2025.
Good to know: Kambi agreed to a partnership with Stake on January 8 to offer its turnkey sportsbook solution ahead of the operator’s launch in Brazil’s newly-regulated market
Kambi stated that with “limited competition” in Nevada due to high regulatory requirements, the state presents future growth opportunities that align with the company’s strategy of expanding its footprint across North and South America.
Kambi also went on to state that the launch in Nevada underscores its dedication to adhering to the highest standards of regulatory compliance and corporate probity.
