Kambi Group has agreed a multi-year deal to power the sportsbook launch of BetWarrior, a new online gaming brand co-founded by former PokerStars directors Morten Tonnesen and José del Pino.
Tonnesen, who serves as the company’s chief executive, and chief operating officer José del Pino previously worked together as part of the operator’s marketing team, and both held the role of director of group marketing. In February this year, it was reported that they were looking to raise $100m (€88.7m) to fund the venture and supporting acquisitions.
According to the press release, Kambi was selected because of flexible technology, open platform and advanced suite of APIs which will enable BetWarrior to achieve its differentiation goals. The experience in creating market leaders across Europe and Latin America, regions where BetWarrior plans to target regulated markets, was also an important factor.
“By partnering with Kambi, we gain access to flexible sportsbook technology that enables us to deliver upon our vision,” he continued. “We have been hugely impressed by both the power of Kambi’s technology and the strength of its team, and we felt this was a perfect match for BetWarrior,” said Morten Tonnesen.
While the deal is not expected to deliver a significant contribution to Kambi’s 2019 revenues, the partnership has the potential to generate material revenues in future years, in line with BetWarrior’s ambitious growth plans.
“In BetWarrior we have partnered with a visionary operator and experienced management team with vast experience of European and LatAm markets that plans to do just that – leverage the freedom afforded by Kambi’s sophisticated technology to execute on their strategy to create a safe and engaging sportsbook product,” stated Kambi chief executive Kristian Nylen.Follow us on