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Kambi Group inks deal with SJSC Latvijas Loto

Niji Narayan

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Kambi Group has expanded its wings further by signing a long-term deal with SJSC Latvijas Loto (Latvian Loto). The deal will allow the company to provide its premium Sportsbook and services to Latvia’s national lottery operator.

The Latvian Government-owned Latvijas Loto will launch Kambi’s fully managed Sportsbook through its various digital channels. The Kambi Sportsbook will be integrated into Latvijas Loto’s player management platform, with a launch scheduled for later this year.

The deal marks Kambi’s first public lottery customer, with the agreement possible due to Kambi’s accreditation from both the European Lottery and World Lottery Associations.

Kambi’s ongoing commitment to corporate probity, as well as its expertise in risk management and trading of local sports, was key to winning the sought after contract.

Due to the H2 launch, the deal is expected to have minimal impact on Kambi’s 2018 revenues.

Kristian Nylén, Kambi Chief Executive Officer, said: “To meet the standards required by Latvijas Loto, Kambi had to demonstrate the highest levels of compliance and security, as well as showcase a market-leading sports betting product.”

“Having proven ourselves to be the secure and quality choice, we’re delighted Latvijas Loto has selected Kambi as its Sportsbook supplier and we look forward to building a strong and lasting partnership.”

Janis Pone, Latvijas Loto member of the board, commented: “With this deal, the Latvian national lottery company expands its product portfolio with sports betting games, offering quality products for playing in a legal and controlled way and also shifting profits to the public interest.”

 

For further information, please contact:

Kambi Group plc

Kristian Nylen, Chief Executive Officer

+44 203 617 7270

www.kambi.com

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 11 July 2018 at 16:45 CET by CEO Kristian Nylén.

About Kambi

Kambi is a provider of premium sports betting services to licensed B2C gaming 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 21 customers include DraftKings, Rush Street Interactive, ATG, 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, with guiding principles from ISO 27001. Kambi is eCOGRA certified. Kambi Group plc is listed on First North at Nasdaq Stockholm under the symbol “KAMBI”. The Company’s Certified Advisor is Redeye AB.

About Latvijas Loto

Latvijas Loto is Latvian national lottery company, and its only owner is the Latvian state.

Latvijas Loto is a member of the World Lottery Association and its European Section – the European Lotteries Association.

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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Baltics

Enlabs Launches Poker on Optibet for Estonian Market

Niji Narayan

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Enlabs Launches Poker on Optibet for Estonian Market
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Enlabs has launched poker on Optibet, the Baltic online sports betting platform, for the Estonian market.

With the launch in Estonia the collaboration has expanded with GG Network, which is the world’s largest poker network and has been an important partner for Enlabs since 2016.

“We are very happy about the development of poker in our core markets in the Baltics. The launch in Latvia earlier this year was well received by the market and I am very excited for the opportunities in Estonia. Everyone in the team, both internally and GG Network, have worked hard ahead of the launch. But now the real work of giving the customer the best possible poker experience begins,” Maksims Gorbacs, Product Owner Poker at Enlabs said.

“We are in a very eventful period and the launch of poker in Estonia is one of many good examples of how we work together to create a better experience for the end customer. This further strengthens our position as the most complete operator in the Baltics and beyond, but we are not satisfied yet and will of course continue to improve our offer. 2019 will be a really exciting year for Enlabs!” Robert Andersson, CEO and President said.

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Baltics

Playson teams up with TOPsport

George Miller

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Playson teams up with TOPsport
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Slot supplier to provide titles to Lithuania’s leading operator

 

Casino software developer Playson has cemented its position in the Baltic states after agreeing a direct integration with online sportsbook and casino TOPsport.

The number one operator in Lithuania will receive a host of top-performing games including the supplier’s Timeless Fruit titles.

Players at the site will also be able to enjoy access to more than 50 proven hits such as Book of Gold: Double Chance, Wild Warriors, and Crystal Crush.

Blanka Homor, Sales Manager at Playson, said: “We are extremely excited about this new partnership with the leading Lithuanian operator TOPsport. This deal is very much in line with our strategic move to expand further in regulated markets.

“We have new games and innovative features that we are excited about releasing to the market in the coming months.”

Gintaras Staniulis, CEO at TOPsport, said: “As a supplier, Playson have a great range of titles which appeal to a wide variety of players. As the leading operator in Lithuania, we want to assure that our players receive the best casino content, as they always did since gaming was added to TOPsport. This is a very positive development for us, it is going to help us to sustain number one position in Lithuania and we look forward to working with them as they roll out their back catalogue and add new hits.”

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Baltics

Urve Palo Becomes the New CEO of Novoloto

Niji Narayan

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Urve Palo Becomes the New CEO of Novoloto
Photo Source: govinsider.asia
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Urve Palo, the former Estonian minister of population and ethnic affairs, has become the new executive director of the Novoloto. Novoloto is part of the Austrian holding Novomatic AG, one of the largest manufacturers of hardware and software for slot machines in the world.

“Novomatic is not only one of the largest companies in its field in the world, but also an innovative and socially responsible enterprise. My main goal is to maintain a level worthy of a parent company in Estonia and to increase Novoloto’s market share. In Estonia, Novoloto wants to be a good employer for more than 300 employees,” Urve Palo said.

Novoloto operates 22 gambling halls throughout Estonia. Palo announced her intention to end her political career in July last year. From April 2007 until May 2009, she served as Estonian Minister of Population and Ethnic Affairs. She also served as the Minister of Entrepreneurship in Taavi Rõivas’ second cabinet.

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