CEO of Kambi surmounts Nevada licensing barrier
In a significant move for the gaming industry, the Nevada Gaming Control Board has recommended Werner Becher, the CEO of Kambi Group, for a gaming license in Nevada. This approval process, known for its rigorous standards, is a testament to the gold standard that Nevada represents in the gaming world.
The approval process for executives like Becher involves several steps. The Nevada Gaming Control Board conducts thorough investigations and background checks, delving into financial, criminal, and ethical backgrounds before any nomination or approval is put forward. Once the Board completes its findings, it notifies involved parties and prepares for a Commission hearing, which typically lasts around 45 minutes. The Nevada Gaming Commission then reviews the Board's findings and holds a hearing, usually within about 30 days. Following the hearing, the Commissioners debate and vote on the matter, which could be approval, denial, or exclusion.
However, it's important to note that there are no direct search results detailing the approval timeline or regulatory process for Becher specifically with the Nevada Gaming Commission. The entire regulatory process timeline from investigation to final Commission decision can vary but may take several months due to notifications, investigations, and scheduling of hearing agendas.
Kambi Group, a B2B sports betting supplier based in Malta, is eagerly awaiting this approval. With approximately 1,000 employees and offices in eight global locations, including Philadelphia, Kambi serves more than 50 operators in over 60 jurisdictions, including 20 states in the U.S. Becher, as CEO, is responsible for driving global strategy for software development, trading, and risk management for customers.
Currently, Kambi remains in the Gaming Laboratories International (GLI) testing phase in Nevada, with approximately 55% of testing completed. The testing should be completed by the end of October, with more progress by the end of November. Once testing is completed, the product will be submitted to the Nevada Gaming Control Board for approval.
Becher's first gaming license is in Nevada, a location he considers interesting due to its industry expertise and knowledge. In fact, Kambi has a deal in place for a field test at Bally's Lake Tahoe in Nevada.
Prior to joining Kambi, Becher served as CEO for Sportradar's Europe, Middle East, Africa, and Latin America regions. He founded a software company in 2003 and became CEO of Kambi in July 2024. To focus on his role at Kambi, Becher had to step down from other company boards.
For those interested in the detailed or current status about Werner Becher or Kambi's regulatory approval in Nevada, it might involve reaching out to the Nevada Gaming Control Board or the Nevada Gaming Commission directly or monitoring their public meeting agendas and licensing announcements.
- Despite the rigorous and thorough investigations conducted by the Nevada Gaming Control Board, the specific timeline for Kambi Group's CEO, Werner Becher's, approval process remains unknown.
- As technology continues to revolutionize the sports industry, Kambi Group, under the leadership of CEO Werner Becher, aims to bring cutting-edge sports betting solutions to Nevada's sports market.
