Kambi Group has signed a long-term agreement with SJSC Latvijas Loto (Latvia’s national lottery operator) to provide its premium Sportsbook and services to the country’s national lottery operator. The sole owner of Latvijas Loto is the Latvian state.

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

Latvijas Loto is a member of the World Lottery Association (WLA) and its European Section—the European Lotteries Association (EL).

The deal marks Kambi’s first public lottery customer, with the agreement possible due to Kambi’s accreditation from both the EL and the WLA.

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.

“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,” said Kristian Nylén, Chief Executive Officer, Kambi Group.

“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,” added Nylén.

The premium Sportsbook offers a vastly-expanded product portfolio for Latvijas Loto’s customers. “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,” said Janis Pone, Member of the Board, Latvijas Loto.

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.
Kambi utilizes a best of breed security approach, with guiding principles from ISO 27001.

Kambi’s 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 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 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.