Kambi Group plc is pleased to announce that it has signed an agreement to deliver its multi-channel, fully managed sportsbook solution to Iveriabet, which is part of Casino Iveria, the Georgian land-based casino group. This will enable Iveriabet to offer a world class sports betting experience to its Georgian customer base.
This agreement builds on Kambi's recent entrance as a multi-channel B2B sportsbook provider. Iveriabet is scheduled to go live prior to the 2014 FIFA World Cup.
Kristian Nylén, CEO of Kambi Sports Solutions, commented:
"I am delighted that Iveriabet has chosen to partner with Kambi. This agreement is strategically important as it provides an entry point into a newly regulated geographic market. This further demonstrates Kambi's ambition and focus on international markets.
This agreement will enable Iveriabet to offer its customers a seamless multi-channel sportsbook experience."
Sebastian Molina, Board Member of Iveriabet:
"Iveriabet aims to be in the forefront of the online and mobile gaming experience. Partnering with Kambi, the market leading B2B sportsbook provider, enable us to offer a first-class product and bring a new quality in sports betting to our players. We very much look forward to building up this partnership over the years, starting with the 2014 FIFA World Cup".
Kambi is a B2B supplier of fully managed sports betting services on an in-house developed software platform, providing premium turnkey sports betting solutions to B2C operators. Kambi's solution encompasses a broad offering from front-end through to odds compiling and risk management. Kambi employs approximately 330 staff across offices in Malta, London, Stockholm, and Manila. The company's current coverage includes more than 100,000 live betting events and 200,000 pre-match events per year covering 65 different sports from all over the world. Kambi's clients include Unibet, 888, Paf, 32Red and Napoleon Games. Kambi Group plc is listed on NASDAQ OMX First North Stockholm under the symbol "KAMBI".
Kambi's Certified Adviser on NASDAQ OMX First North Stockholm is SEB Corporate Finance, Skandinaviska Enskilda Banken AB.
For more information, please contact: Kristian Nylén, CEO Kambi, +44 7764 161 055
The company description and more information about the business can be found on: www.kambigroupplc.com