DraftKings and Kambi Reach Agreement to Mutually Support and Cooperate on DraftKings Planned Migration to its Proprietary Pla...
July 23 2020 - 4:30PM
DraftKings Inc. (Nasdaq: DKNG) and Kambi Group plc (Nasdaq
Stockholm: KAMBI) today announced that they have reached an
agreement to mutually support and cooperate on DraftKings’ planned
migration from Kambi’s back-end platform services to the SBTech
sports betting and iGaming platform.
The parties agreed to a termination date of September 30, 2021;
however, DraftKings is permitted to leverage its proprietary
technology prior to then.
“Kambi has been a collaborative partner and was instrumental in
DraftKings being first to market in New Jersey with our
sportsbook,” said Paul Liberman, DraftKings President of Global
Technology and Product. “We appreciate the efforts they have made,
and will continue to make, in helping to ensure a smooth migration
for us as we move on to our own platform.”
DraftKings and Kambi have also agreed that DraftKings will take
additional steps during the transition period to safeguard Kambi
intellectual property, ensuring a secure and efficient transition
for both parties.
About DraftKings
DraftKings Inc. (Nasdaq: DKNG) is a digital sports entertainment
and gaming company created to fuel the competitive spirits of
sports fans with products that range across daily fantasy,
regulated gaming and digital media. Headquartered in Boston, and
launched in 2012 by Jason Robins, Matt Kalish and Paul Liberman,
DraftKings is the only U.S.-based vertically integrated sports
betting operator. DraftKings is a multi-channel provider of sports
betting and gaming technologies, powering sports and gaming
entertainment for 50+ operators across more than 15 regulated U.S.
and global markets, including Arkansas and Oregon in the U.S.
DraftKings’ Sportsbook offers mobile and retail betting for major
U.S. and international sports and operates in the United States
pursuant to regulations in Colorado, Indiana, Iowa, Mississippi,
New Hampshire, New Jersey, New York, Pennsylvania and West
Virginia. DraftKings’ daily fantasy sports product is available in
8 countries internationally with 15 distinct sports categories.
DraftKings is the official daily fantasy partner of the NFL as well
as an authorized gaming operator of the MLB and NBA.
Forward Looking Statements
Certain statements made in this release are “forward looking
statements” within the meaning of the “safe harbor” provisions of
the United States Private Securities Litigation Reform Act of 1995.
When used in this press release, the words “estimates,”
“projected,” “expects,” “anticipates,” “forecasts,” “plans,”
“intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,”
“propose” and variations of these words or similar expressions (or
the negative versions of such words or expressions) are intended to
identify forward-looking statements. These forward-looking
statements are not guarantees of future performance, conditions or
results, and involve a number of known and unknown risks,
uncertainties, assumptions and other important factors, many of
which are outside DraftKings’ control, that could cause actual
results or outcomes to differ materially from those discussed in
the forward-looking statements. For a discussion of additional
risks and uncertainties, which could cause actual results to differ
from those contained in the forward-looking statements, see
DraftKings’ Securities and Exchange Commission filings. DraftKings
does not undertake any obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.
Media:
Media@draftkings.com
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