Nevada regulators recommend Canby (Kambi) registration after multi‑hour suitability review

Canby Group plc (operating as Cambie/Kambi) presented to the Nevada Gaming Control Board on Jan. 15, 2025, seeking registration and multiple related licenses for its U.S. sportsbook business. Company executives described the firm’s global sportsbook platform, its retail and in‑play capabilities, compliance organization and plans to operate retail sportsbook services in Nevada with an initial retail-only submission to the Technical Division.

The applicants — represented in Las Vegas by legal counsel and in person by senior executives including Bengt Anderstrom (chairman), Werner Becker (CEO), Eric Logberg (Managing Director, Sportsbook), Christopher Saw (CTO), David Kenyon (CFO) and others — described Canby’s history (founded 2010; US entry 2018), its product divisions (Sportsbook, ShapeGames, Abios, Tesseract), and its approach to regulatory compliance, trading and technical controls. Canby said its U.S. plan is to submit a retail solution for field testing and to integrate with an operator’s player account management (PAM) system for any online offering.

Board members and staff asked technical and operational questions including details on: data providers and in‑play data sources; how opening lines and in‑play markets are created and risk‑managed; internal audit capacity; the company’s staffing and physical server/co‑location arrangements for the U.S.; and the timeline for a Nevada field trial. Canby representatives said they use third‑party sports data feeds (e.g., Sportradar/IMG), generate odds and risking in‑house (not buying third‑party odds), and plan to colocate servers in the U.S.; they described a 4–8 week lead time for colocation and about a month for configuration.

Counsel and investigators also discussed corporate structure changes and several withdrawal requests of now‑unnecessary Malta entities (reflecting corporate law changes in Malta). The board reviewed investigative materials, GLI technical review status and the company’s planned compliance committee (executive sign‑offs and an independent member to advise on Nevada requirements). After questions and agent briefings, the board voted to recommend approval to the Nevada Gaming Commission for the registration and related approvals listed on the agenda.

The board’s recommendation included the draft order and compliance plan language reviewed by staff. Members emphasized that operational approvals (e.g., any online launch) will require separate technical division submissions and any required key‑employee licenses.