BULGARIA

Kambi suspends contract with Bulgarian operator

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.

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