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Kambi Group plc signs multi-channel deal with Stanleybet Romania

Zoltan Tundik

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Malta, 19 April, 2018 – Kambi Group signs multi-channel deal with Stanleybet Romania
Leading Romanian operator to migrate to the Kambi Sportsbook both online and across its 300-plus high-street shops

Kambi Group plc has signed a deal with leading Romanian operator Stanleybet Romania to provide its award-winning Sportsbook across the company’s online and retail channels.

Stanleybet Romania is one of the largest sports betting operators in the regulated Romanian market. Having launched in 2004, the operator now has more than 300 shops and a growing online presence.

The deal follows an extensive tender process, with Stanleybet Romania careful to select a trusted partner with the ability to provide a secure and high-quality sportsbook, as well as the differentiation capabilities required to succeed in the competitive local market.

The long-term agreement will initially see Stanleybet Romania transition its online customers to Kambi’s award-winning Sportsbook platform, which will be integrated into an Oryx Gaming player management system.

The integration and migration is expected to be completed in a matter of weeks and ahead of this summer’s football World Cup, highlighting both Kambi’s scalable technology and industry-leading speed to market.

Following the online upgrade, Stanleybet Romania will launch Kambi’s retail solution, which will be adapted in partnership to ensure a smooth transition for Stanleybet Romania customers. The roll-out is expected to begin in H2 2019.

Kambi expects the deal will have a moderate impact on 2018 revenues, although the partnership will deliver a more significant source of income in future years.

“As one of the strongest sports betting brands in Romania, I’m delighted Stanleybet Romania has chosen Kambi and our market-leading Sportsbook to springboard the company to its next phase of growth,” Kristian Nylen, Kambi Chief Executive, said.

“The agreement reflects the strength of our multi-channel offer, as well as the flexibility of the Kambi Sportsbook, with Stanleybet keen to offer their customers a unique and differentiated sports betting experience,” he added.

Sorin Georgescu, Stanleybet Romania Chief Executive, commented: “This partnership is a key milestone for Stanleybet Romania’s evolution in the local market. During the tender process, it quickly became clear Kambi not only had the best sportsbook in the field but also possessed the most sophisticated proprietary technology in the industry.

“Our mission is to offer our customers the best sports betting experience possible and by partnering with Kambi we will be able to do exactly that, with the added flexibility to differentiate and stay true to the strong Stanleybet Romania brand,” he added.

For further information, please contact:

Kambi Group plc
Kristian Nylen, Chief Executive Officer
David Kenyon, Chief Financial Officer
+44 203 617 7270
www.kambi.com

About Kambi

Kambi is a provider of premium sports betting services to licensed B2C gaming and gambling operators.  Kambi Group plc is listed on First North at Nasdaq Stockholm. Our services encompass a broad offering from frontend user interface through to odds compiling, customer intelligence and risk management, built on an in-house developed software platform. Kambi’s 17 customers include Kindred Group, 888, Paf, Televisa, LeoVegas, Mr Green and Napoleon Games. Kambi employs more than 600 staff across offices in Malta (headquarters), Bucharest, London, Manila, Stockholm and Sydney.

Kambi utilises a best of breed security approach.  Kambi is a member of WLA, EL, Cibelae and is eCOGRA and ISO 27001 certified.  Kambi Group plc is listed on First North at Nasdaq Stockholm under the symbol “KAMBI”. The Company’s Certified Advisor is Redeye AB.

Disclaimer: The information in this press release is such that Kambi Group plc is required to disclose under the EU Directive of Market Abuse Regulation and the Swedish Securities Market Act.

The information in this report was sent for publication on Thursday, 19 April 2018 at 15:15 CET by CEO Kristian Nylén.

  

About Stanleybet Romania

Stanleybet Romania offers its services through land-based betting outlets and online through www.stanleybet.ro. The company has more than 14 years of experience in the local market, becoming one of the most trusted sports betting brands in Romania and proving its ability to continuously innovate and adapt to the market’s trends and preferences. With a business model built around three main pillars: customers, innovation and high-quality products, Stanleybet Romania is one of the leading operators in the local market. Its land-based network is made up of more than 300 shops while the online platform services thousands of players. The Stanleybet Romania business consists of a team of 1,200 employees who all think, work and act in line with their customers’ needs.

After starting out as an affiliate in 2009 and developing some recognized review portals, I have moved deeper into journalism and media. My experience has lead me to move into the B2B sector and write about compliance updates and report around the happenings of the online and land based gaming sector.

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Eastern Europe

UNL pitches in for responsible gaming

Niji Ng

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UNL pitches in for responsible gaming
Photo Source: e-playonline.com
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The Ukrainian National Lottery Company (UNL) has conducted survey – the first ever of its kind in the country – for finding out the number of people who understand the risks associated with gambling and the problems they could face.

 “There is a common practice in the world among national lottery operators called Responsible Gaming. It is developed by both the World Lotteries Association and the European State Lotteries Association, and is aimed at identifying and preventing problem gambling, researching, and many other activities, “ UNL General Director Andrei Bochkovsky said in an interview to RBC-Ukraine.

The study was conducted in association with the International Anti-Drug Association and the Center for Healthy Youth in 14 cities of Ukraine. The survey revealed that 66 per cent of players participate in lotteries about once a year, another 15 per cent play once every two to three months. Just about 2 per cent of the sample plays more than once a week.

“Our logic is quite simple: we focus on a healthy and satisfied player. If a person plays more and more, then over time we lose a client. Not to mention that the standard of living of such a person can fall dramatically: dependent people have problems in the family, at work, with thinking and health. If we talk about benefits and safety, then our goal is not frequent, but regular play for small money. A lottery game should bring joy and give a chance to fulfill the dream of a player,”  added Mr.  Bochkovskyi.

 

Source: E-PLAYOnline

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Compliance Updates

Gambling companies in Belarus raise concern against $ 1 Million Security Deposit

Niji Ng

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Gambling companies in Belarus
Photo Source: documentarytube.com
Reading Time: 1 minute

 

The government of Belarus has recently proposed a mandatory $1 Million security deposit for online gambling companies. The online gambling operators fear that this will adversely affect their business.

While this is not a new thing – Italy requires a guarantee of € 1.5 million and Czech Republic requires € 1.1 million – this obligation could be problematic in Belarus, feel industry insiders.

Yulia Leshkova, Deputy Director of the Pari-Match betting network, said:  “Not all bookmakers in Belarus can afford to create a similar security deposit. Tightening the requirements will lead to a narrowing of the market and will deprive it of healthy competition.”

The governments insist on a security deposit for the simple reason that the gambling operators must be able to, regardless of financial circumstances, to pay the winnings, taxes, fees and duties, penalties and other mandatory payments. The guarantee is required to ensure such mandatory payments.

However, the hefty sum required as guarantee in Belarus, according to representatives of the industry, will negatively affect the country’s bookmaking market.

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Eastern Europe

1X2 Network to integrate its full suite of games to online operator, Lider-Bet.com

George Miller

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1X2 Network to integrate its full suite of games to online operator, Lider-Bet.com
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1X2 Network, the exciting slots, table games and virtuals provider, is striding into the Georgian market after putting pen to paper in a deal that will see it provide its full suite of games to online operator, Lider-Bet.com.

The partnership means Lider-Bet players will gain access to exciting slots and table games from the supplier’s 1x2gaming and Iron Dog Studio subsidiaries, as well as virtual sports from its strategic partner, Leap Gaming.

This includes chart-topping titles such as The Curious Cabinet, Neon Jungle and Blood Queen, as well as innovative table games such as Diamond Roulette.

1X2 Network has built a formidable reputation for developing games that combine complex math, intelligent mechanics and stunning design and illustrations to deliver a compelling player experience across desktop and mobile.

Kevin Reid, COO at 1X2 Network, said: “Lider-Bet has emerged as the leader of the online casino market in Georgia, and we are thrilled to be offering our full suite of games to their players for the very first time.”

Levan Tsitsagi, slots’ manager at Lider-Bet, said: “1X2 Network is one of the hottest game developers in the market right now and has an unrivalled reputation for producing games that move the needle when it comes to the experience offered to players.

“We go to great lengths to ensure we offer our players the best games on the market, and 1X2 Network certainly fits the bill.”

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