Kambi Secures Nevada Licensing Approval, Stake Expands with Kambi, Underdog Fantasy Partners with Gil's Arena

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Kambi Secures Nevada Licensing Approval, Stake Expands with Kambi, Underdog Fantasy Partners with Gil's Arena
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This week in sports betting, Kambi Group receives licensing approval to launch its services in Nevada. Stake announces its partnership with Kambi to expand into regulated markets globally. Underdog Fantasy partners with basketball-focused podcast Gil's Arena for media network expansion.

Every Friday, Covers takes a look back at the week that was in the sports betting industry. With a collection of sports betting news and notes, we intend to cover all the bases.Every Friday, Covers takes a look back at the week that was in the sports betting industry. With a collection of sports betting news and notes, we intend to cover all the bases.

“Launching in the newly regulated market of Brazil is a major milestone for us and we are excited to have partnered with Kambi to leverage their Sportsbook solution to support our global regulated market expansion,” said Brais Pena Sanchez, Chief Strategy Officer of Stake’s parent company Easygo. "Underdog built us a platform and more importantly created a real partnership to share our unfiltered takes with fans.

New Jersey set a new revenue high in 2024, as casinos brought in nearly $5.7 billion in total revenue, topping the previous best of $5.2 billion. With the addition of sports betting revenue from horse racing tracks, the total for the year was $6.3 billion. “We are thrilled to launch with a key partner like bet365 on day one of this newly regulated market. This collaboration will allow us to expand our gaming footprint in Brazil further. The new regulatory environment represents an exciting opportunity to continue to offer our top-tier gaming content while guaranteeing a secure and enjoyable experience for players,” said David Bolas, Commercial Director at Greentube.

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Kambi Stake Sports Betting Nevada Brazil Partnership Underdog Fantasy Gil's Arena

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