Key Moments:
- Kambi Group plc entered a multi-year agreement to deliver its Turnkey Sportsbook solution to Holland Gaming Technology Ltd via Holland Power Gaming.
- Kambi reported an 11.5 percent year-on-year revenue decline for the second quarter of 2025, posting €40.5 million in revenue.
- The company recently named Michelle Unsworth as Chief People Officer, expanding its global leadership team.
Strategic Expansion in the Netherlands
Kambi Group plc has broadened its reach within the regulated gambling sector of the Netherlands by entering a multi-year partnership with Holland Gaming Technology Ltd. Through this agreement, Kambi will provide its comprehensive Turnkey Sportsbook platform to Holland Gaming Technology’s subsidiary, Holland Power Gaming. This collaboration signals Holland Gaming Technology’s entry into sports betting, following its recent acquisition of a license from the Dutch gambling regulator, Kansspelautoriteit (KSA).
Technological Integration for Market Entry
Under the terms of the deal, Holland Gaming Technology will gain access to a suite of Kambi’s betting tools and solutions. Features available include cutting-edge trading functionality, Bet Builder capabilities, as well as various player engagement and operator management resources. The integration is designed to establish Holland Gaming Technology’s launch in the Dutch sports betting market, providing a fully managed and market-compliant sportsbook tailored to local needs.
Eddy Hultermans, Director at Holland Gaming Technology, emphasized the partnership’s potential: “Our team has decades of experience in gaming, and with Kambi’s support, we are ready to bring a high-quality sports betting experience to the Netherlands,” Hultermans said.
Kambi Group CEO Werner Becher underscored the alignment of corporate values: “We are pleased to work with Holland Gaming Technology as they embark on this new phase. Their strong understanding of the Dutch market aligns well with our technology-driven approach,” Becher said.
Kambi’s Recent Developments
In recent moves, Kambi Group plc appointed Michelle Unsworth as Chief People Officer (CPO). Unsworth brings over twenty years of experience in human resources and organizational strategy. As CPO, she will be responsible for global people initiatives, including leadership development, talent acquisition, and employee engagement. This appointment was announced shortly after the company’s latest quarterly financial reporting.
Financial Performance and Additional Agreements
Kambi reported €40.5 million in revenue for the second quarter of 2025, representing an 11.5 percent decline compared to €45.8 million in the prior year’s corresponding period. The company attributed much of this decrease to the gradual winding down of its partnership with Penn Entertainment. Excluding €4.5 million in transition fees logged in Q2 2024, the company’s adjusted revenue decline narrowed to 2 percent. For the first half of 2025, Kambi’s total revenue was €81.9 million, down 7.9 percent year-on-year.
| Period | Revenue (€ million) | Year-on-Year Change |
|---|---|---|
| Q2 2025 | 40.5 | -11.5% |
| Q2 2024 | 45.8 | – |
| H1 2025 | 81.9 | -7.9% |
Elsewhere, Kambi has been active in securing international agreements. In July, the company signed a long-term technology deal with Latin American operator RedCap for its Betpro and Starplay brands in El Salvador and Panama. RedCap will replace its sportsbook provider with Kambi’s fully managed Turnkey Sportsbook as part of this agreement. Additionally, Kambi extended its partnership with LeoVegas through 2027, deepening the collaboration with the delivery of the Odds Feed+ solution while supporting LeoVegas’ transition to a proprietary sportsbook platform.
- Author
Daniel Williams
