![]() ![]() “Furthermore, the terms also provide Kambi with additional protections with regard our data and intellectual property.” “This agreement sets out the continued collaboration between the two parties over the coming years, one which secures certain ongoing revenue for Kambi over the transition period,” said Kambi chief executive Kristian Nylen. Penn will migrate its online sportsbook from Kambi to its in-house technology in the third quarter of 2023, with retail sports betting operations expected to begin the migration in 2024.ĭuring this time, Kambi will continue to receive revenue share payments related to online and retail sports betting services, as well as a one-time early termination fee of $12.5m and $15.0m for transition services. Penn Entertainment has agreed to pay sports betting supplier Kambi an early termination fee as it switches to its own proprietary technology. ![]()
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