Kambi Philippines Inc, a subsidiary of Kambi Group plc (the “Group”), has an
office based in Manila. This operation provides back office functions for the
Group's online B2B sportsbook service. Similar to other betting operations based
in the Philippines, Kambi Philippines Inc has been served with notice today that
it is the subject of an investigation by the Philippines National Bureau of
Investigation into allegations relating to the carrying out of illegal gambling
activities in the Philippines.
With regards to these allegations, Kambi is confident that there are no
activities occurring in its Philippines operation which are contrary to law. In
the Philippines, Kambi is a member of the Government-run PEZA scheme (Philippine
Economic Zone Authority), which incentivises businesses, on a fully transparent
basis, to establish and run operations in the Philippines. Kambi complies with
local laws and applies consistent global policies for its Group operations to
abide by. Kambi has immediately implemented business continuity measures in
accordance with its internal Group policies to ensure cover for the services
provided by its Manila operation. Kambi will update the market as necessary
regarding the investigation.
About Kambi
Kambi Group plc 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 380 staff across offices in Malta, London, Stockholm and Manila.
The company’s current coverage includes more than 110,000 live betting events
and 250,000 pre-match events per year covering 65 different sports from all over
the world. Kambi’s customers include Unibet, 888, Paf, 32Red and Napoleon Games.
Kambi utilizes a best of breed security approach, with guiding principles from
ISO 27001. Kambi Sports Solutions is an eCOGRA certified. Kambi Group plc is
listed on NASDAQ OMX First North Stockholm under the symbol "KAMBI". Kambi's
Certified Advisor on First North at Nasdaq Stockholm is Redeye AB.
Disclaimer:
The information in this report/press release is such that Kami Group Plc is
required to disclose under the Swedish Securities Market Act. The information
was disclosed on [date and time].
