Kambi Group has reached a long-term cooperation agreement with Latin American operator RedCap, deploying its advanced sports betting technology in the Betpro and Starplay brands in El Salvador and Panama.
This agreement will allow RedCap to replace its existing sports betting provider with Kambi's Turnkey Sportsbook and integrate it into its internal player account management system. The cooperation initially focuses on online betting and will expand to retail services and other regional markets in the future, reflecting the common planning of both parties for regional expansion.
Kambi CEO Werner Becher stated that this cooperation marks an important progress in Kambi's strategy in the Latin American market, and RedCap's choice of its technology demonstrates trust in Kambi's ability to support sustainable growth.
RedCap adopts a multi-brand operation model and plans to enhance its competitiveness in regulated markets with the help of Kambi technology and its own operational advantages. RedCap CEO Oscar Henao said that this agreement provides the company with the necessary products and flexibility to ensure customers enjoy a high-quality full-channel betting experience.
This cooperation is part of Kambi's expansion strategy in Latin America, although the specific timing of other market advancements has not yet been determined. Previously, Kambi extended its cooperation with LeoVegas until 2027 and renewed its contract with Dutch Jacks.nl, demonstrating its determination to consolidate its position in global regulated markets. The latest financial report shows that Kambi's revenue in the first quarter was 41.5 million euros, a slight decrease of 4% year-on-year.
