The agreement term was set for five years.
The amendment enables MGE to collaborate with alternative parties to launch on-property and online sports betting in Connecticut all while ensuring there will be no negative impact on Kambi's forecasted Group revenue.
Separately, Kambi and MGE are engaged in bilateral discussions with regards exclusive sports betting alliances in additional territories where MGE has secured market access.
Kristian Nylén, CEO and Co-founder, Kambi, said: "While we had been looking forward to supporting MGE become a sports betting leader in the Connecticut market, the amicable discussions between both parties have found a positive conclusion, with MGE respecting Kambi's financial interests for the duration of the original agreement."
Aviram Alroy, Vice President Product, Mohegan Digital commented: "As we have seen first-hand in Pennsylvania, Kambi provides great product and is therefore one we look forward to potentially collaborating with in new market opportunities."
Source: GMB
