Bally’s and Kambi Agree to Long Term Sportsbook Partnership

• Bally’s Corporation turns to B2B tech provider Kambi for a long term sportsbook partnership
• Kambi will help revamp and expand Bally’s online and retail sportsbooks
• The newly designed sportsbooks will be relaunched in at least seven online sportsbooks at the end of 2023

Bally’s Corporation and Kambi announced a new multi-year partnership that will aim to redesign and expand Bally Bet throughout the country.

Bally’s and Kambi announced the deal on Tuesday. Under the terms of the partnership, Kambi will support the expansion and enhancement of Bally’s online and retail sportsbooks. It puts an end to Bally’s attempt to create its own successful in-house sports betting product.

The partnership hopes to relaunch Bally bet in at least seven U.S. states and four retail sportsbook locations by the end of 2023.

Bally’s Hoping Kambi Can Help Product

The Kambi sportsbook will replace Bally’s proprietary sports betting technology. Through an integration into the operator’s in-house date and marketing technology stacks, it will enable Bally’s to reduce fixed costs and drive engagement in its Bally Bet brand, according to the announcement.

The two companies also agreed to provide Bally’s with the option to acquire a license to a limited part of Kambi’s online and retail technology source code. If Bally’s exercises the option and pays an agree sum, the two companies would enter into a long-term outsourcing agreement in relation to Kambi’s range of modularized services.

Separately, Bally’s also entered into an agreement with White Hat Gaming, which will provide its player account management platform solution to the operator.

“Kambi provides an award-winning sportsbook that delivers unrivalled sports betting entertainment. By incorporating that with White Hat’s PAM platform solution, as well as our geographic reach, customer base, and marketing prowess, Bally’s will be optimally positioned to achieve significant scale and capture substantial market share in the global gaming market. This, in turn, will support our vision of becoming the premier, full-service, vertically integrated casinos and resorts, online sports betting, and iGaming company,” said Robeson Reeves, Chief Executive Officer of Bally’s Corporation, in the announcement.

Bally Bet Looking for U.S. Sports Betting Foothold

Bally Bet is currently live in six U.S. states, but has yet to make much of an impact in any of the markets. Bally’s was able to procure an online sports betting license in New York, but was the last of the nine operators to launch.

Bally Bet launch in July 2022 in the Empire State and has only recorded $10.9 million in total handle and $646,939 in gross gaming revenue. Compare that to Resorts World, the second smallest operator in New York, that has notched $49.2 million in handle and $2.86 million in gross gaming revenue since July 2022.

The online sports betting operator is also live in Arizona, Colorado, Indiana, Iowa, and Virginia.