Stockholm-listed sportsbook supplier Kambi extends contract with Bulgaria’s National Lottery JSC to cover international expansion into Moldova.
Kambi, the Stockholm-listed sportsbook supplier, has extended its contract terms with Bulgaria’s National Lottery JSC to cover the supply of both online and retail sportsbook to the Moldovan National Lottery.
Under the new deal Kambi will continue to provide its multi-channel sportsbook and managed services to the National Lottery JSC’s 7777.bg brand in Bulgaria, and power the company’s international sports betting expansion, including the operator’s planned entry into Moldova this summer.
Moldova’s Public Property Agency has selected National Lottery JSC, a member of the World Lottery Association, to run both its national lottery product and a new online and retail sportsbook as part of a public-private partnership.
Though Moldova currently prohibits sports betting, towards the end of 2016 legislation was passed setting the stage for legal sports betting under a monopoly framework, and the public-private partnership will give the Bulgarian company the right to operate in Moldova for fifteen years.
Since launching in early 2018, the Kambi powered sportsbook has helped propel the 7777.bg brand to one of the top three online sportsbooks in Bulgaria.
Commenting on the deal CEO of Kambi, Kristian Nylén, said:
“Kambi’s track record of springboarding partners to the next level of their sportsbook journey is unrivalled, and in National Lottery JSC we have yet another example of how operators can grow using our Sportsbook.
“For the 7777.bg brand to be among the market leaders in Bulgaria within 18 months of partnership is testament to the quality of the Kambi Sportsbook, as well as the National Lottery’s marketing expertise.
“I’m delighted we’ve agreed to take the partnership to Moldova, where I’m confident players will enjoy our exciting sports betting experiences in both the online and retail environments.”
While Managing Partner of National Lottery JSC, Milen Ganev, added:
“When replacing our previous sports betting supplier with Kambi, we did so with the goal of becoming a market leader in Bulgaria, a position we’ve achieved well ahead of time.
“This triumph, coupled with Kambi’s scalable technology, gives us the freedom to expand into new markets, beginning with Moldova and the Moldovan National Lottery monopoly later this year. We therefore decided to extend our contract with Kambi, enabling us to enter the next chapter of our exciting growth story with confidence.”
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