In a commentary published on Monday, Affärsvärlden reiterated its Buy recommendation for sportsbook provider Kambi ahead of this summer's FIFA World Cup.
CEO Werner Becher is increasing his stake in the company, which saw its shares rise significantly on the stock exchange. The upcoming World Cup typically heightens interest in iGaming stocks, and the tournament is expected to impact earnings in both the second and third quarters.
'Even though Kambi's share price has recovered somewhat in recent months, we believe the stock remains an attractive bet,' Affärsvärlden noted, maintaining its Buy rating.
Kambi Group plc is an independent provider of sports betting technology and services to the regulated global betting and gaming industry. Its principal activities include business-to-business (B2B), a supplier of fully managed sports betting services, on an in-house developed software platform, providing turnkey sports betting services to business-to-consumer (B2C) gaming operators. The Company is engaged in the provision of managed sports betting services. The Company’s services encompass an offering, from compliance provision and odds-compiling through to customer intelligence and risk management, built on and delivered through a sophisticated, in-house developed software platform. The Company, through Shape Games, has enhanced its front-end technology. The Company's subsidiaries include Kambi Malta Limited, Kambi Sportsbook plc, Sports Information Services Limited, Kambi Services Limited, Kambi Sweden AB, Global Technology & Sports Limited, Kambi Philippines Inc.
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