Penn Entertainment, Kambi Group extend retail sportsbook platform agreement

Kambi Group plc and Penn Entertainment (PENN) have agreed to extend the terms of their retail sportsbook platform agreement until July 31, 2027, superseding the previous agreement set to expire December 31, 2025, Kambi announced. “The new agreement relates to on-property sportsbooks active by end of 2025, with Kambi currently supporting 30 PENN properties in 13 US states. Under the terms of the extension, Kambi’s premium retail sportsbook technology will continue to power PENN’s on-property sportsbooks, providing PENN with additional flexibility as it prepares for migration to its proprietary technology. Kambi’s industry-leading retail offering combines advanced trading capabilities, state-of-the-art betting kiosks, Bring YourOwn Device technology and seamless over-the-counter wagering solutions, delivering a best-in-class on-property sportsbook experience to partners and their customers,” Kambi stated.