Kambi signs sportsbook source code licence agreement with Allwyn

Kambi Group has signed agreements with Allwyn AG, a multinational, lottery-focused gaming and entertainment company. Under the agreements, Kambi will grant Allwyn a perpetual, global licence to the sportsbook source code and will provide related services and trading services.

Allwyn is listed on Euronext Athens. The company holds long-term national lottery licences in Austria, Cyprus, Czechia, Greece and the United Kingdom. It also runs sports betting and igaming operations in several markets.

Kambi expects the agreements to contribute approximately 45 to 50 million euros to operating profit between 2027 and 2031. 40 percent of this contribution is expected to be recorded in 2027 and 20 percent in 2028. The estimates include the payment at the start of 2027 and milestone payments linked to deliveries in the following years.

As part of the agreements, Kambi's AI-powered trading and risk management capabilities will also be offered to Allwyn. These capabilities will strengthen Kambi's network and liquidity pool. Kambi will set up a team during the implementation process, and once the source code has been implemented, this team will move over to Allwyn. During this period, Kambi's operating expenses between 2027 and 2029 will increase. The company plans to distribute a large part of the net income it earns from the agreements to its shareholders.