A114S0 Kambi Group

Kambi Group plc temporarily suspends contract with National Lottery AD

Kambi Group plc temporarily suspends contract with National Lottery AD

Malta, 12 March 2020

Kambi Group plc temporarily suspends contract with National Lottery AD

Service halted following the Bulgarian operator’s decision to voluntarily relinquish licence  

Kambi Group plc has placed a temporary suspension on its sports betting service to National Lottery AD, after the Bulgarian operator voluntarily handed back its operating licence to the local gaming regulator.

Kambi issued a formal notice to National Lottery AD this afternoon, with the ability to place bets restricted with immediate effect. National Lottery AD had been leveraging the Kambi Sportsbook for its 7777.bg gaming brand since partnering with Kambi in 2017.

Should the temporary suspension continue, the impact on Kambi’s 2020 revenues is expected to be a small negative.  



For further information, please contact:

Mia Nordlander

Head of Investor Relations

Mobile: +44 (0)7850 910 933

 

About Kambi

Kambi is a provider of premium sports betting services to licensed B2C gaming operators. Kambi Group plc is listed on First North Growth Market at Nasdaq Stockholm. Our services encompass a broad offering from front-end user interface through to odds compiling, customer intelligence and risk management, built on an in-house developed software platform. Kambi’s 20-plus customers include 888 Holdings, ATG, DraftKings, Greenwood Gaming & Entertainment, Kindred Group, LeoVegas, Mohegan Gaming & Entertainment, Penn National Gaming, Rank Group and Rush Street Interactive. Kambi employs more than 850 staff across offices in Malta (headquarters), Australia, Romania, the UK, Philippines, Sweden, Australia and the United States.

 

Kambi utilises a best of breed security approach and is ISO 27001and eCOGRA certified. Kambi Group plc is listed on Nasdaq First North Growth Market under the symbol "KAMBI". The Company's Certified Advisor is Redeye AB.

 

Redeye AB

Tel: +46 (0)8 121 576 90

 

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.

 

The information in this report was sent for publication on 12 March 2020 at 14:00 CET by CEO Kristian Nylén.

 

 

 

Attachment

EN
12/03/2020

Underlying

A114S0Kambi Group

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Kambi Group

ABGSC Online Gaming Research ... (+3)
  • ABGSC Online Gaming Research
  • Oscar Rönnkvist
  • Simon Jönsson
07/23/25 July 23, 2025 1 EN
ABGSC Online Gaming Research ... (+3)
  • ABGSC Online Gaming Research
  • Oscar Rönnkvist
  • Simon Jönsson
A114S0 KAMBI GROUP
EVO EVOLUTION GAMING GROUP AB
BETCO BETTER COLLECTIVE A/S
BETS B BETSSON AB
06/27/25 June 27, 2025 1 EN
ABGSC Online Gaming Research ... (+3)
  • ABGSC Online Gaming Research
  • Oscar Rönnkvist
  • Simon Jönsson
06/27/25 June 27, 2025 1 EN
Free Trial
A114S0 KAMBI GROUP

Kambi Group Plc: 2 directors

Two Directors at Kambi Group Plc bought 3,970 shares at between 120.300SEK and 122.900SEK. The significance rating of the trade was 52/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over t...

06/17/25 June 17, 2025 1 EN
Martin Arnell
  • Martin Arnell
Free Trial
A114S0 KAMBI GROUP

Kambi (Buy, TP: SEK195.00) - Aiming for the next league

Q1 earnings fell shy of our forecast due to non-cash FX revaluations, and the company maintained its underlying 2025 EBITA guidance of EUR20m–25m. We remain confident of an earnings improvement during the year – driven by a greater contribution from Brazil, the launch of the key OLG contract and cost efficiencies – and expect the client pipeline to materialise further. We reiterate our BUY and SEK195 target price.

05/05/25 May 5, 2025 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch