Werner Becher, CEO of sports betting supplier Kambi Group, received a recommendation for his Nevada gaming license from state regulators on August 6.
The Nevada Gaming Control Board approved his application after reviewing his background and qualifications. His case now moves to the Nevada Gaming Commission for final approval on August 21.
Becher appeared before the NGCB via webcast. He explained his role at Kambi and outlined his career background during the hearing.
The CEO told regulators he drives global strategy for the supplier’s software development, trading and risk management operations.
Why Nevada Licensing Matters for Kambi
Nevada represents the gold standard for gaming regulation in the US market. Becher acknowledged this during his appearance before regulators.
“Nevada is not only known as the gold standard in the industry when it comes to licensing, but also there’s a lot of experience and knowledge here,” he said.
The state offers access to experienced gaming professionals and established industry networks. But the licensing process isn’t simple.
“It can be a little bit tough sometimes, but being licensed and having the gold standard on it is worth it,” Becher added.
Nevada approval would strengthen Kambi’s position with other state regulators reviewing pending applications.
What Steps Kambi Already Completed
Kambi secured its initial Nevada licenses back in January 2025. The company received both Manufacturer & Distributor and Information Services licenses from the NGCB.
The supplier is currently in what Becher called the “GLI testing phase” for Nevada operations. This involves technical testing of Kambi’s systems to ensure they meet state requirements.
Kambi has a field testing agreement with Bally’s Lake Tahoe property. This lets the company test its sports betting platform in a live Nevada environment.
Becher also has pending applications in other US states. These applications are working through various regulatory processes across different jurisdictions.
How Financial Results Impact Expansion Plans
Kambi’s recent financial performance shows mixed signals for growth. The company reported Q2 revenue of $47.5 million, down 11.5% from the same period last year.
First-half revenue also declined 7.9% to $96.3 million. These numbers came from Kambi’s July 23 financial report.
Despite the revenue drops, the company continues pursuing new market opportunities. Nevada approval would add another regulated state to Kambi’s US footprint.
The supplier needs new market access to offset declining revenue trends. US expansion remains a key priority for the Malta-based company.
The August 21 commission hearing should provide final clarity on Becher’s licensing status.
