Kambi Group plc addendum: Additional information on Casumo deal press release
Malta, 13 March, 2018
Addendum: Additional information on Casumo deal press release
This release includes the same information as published yesterday with the addition of the required market disclaimer
Kambi Group plc has signed a deal with innovative gaming company Casumo to deliver a gamified sports betting product that leverages Kambi's market-leading operator empowerment technology.
Founded in 2012, Malta-headquartered Casumo is one of the fastest growing brands in the industry, operating in major markets such as the UK and Sweden.
This rapid growth has been built on Casumo's incorporation of social gaming features, such as player achievements and leaderboards, into real-money games to create entertaining gaming experiences.
As part of the multi-year deal, Kambi will provide its Sportsbook and technology services, including open APIs, to Casumo to build a sports betting experience with gamification at its core.
The new sports product will primarily target casual bettors and the millions of sports fans who have never placed a bet, with a focus on offering players fun and playful betting opportunities.
Kambi's Sportsbook will be integrated into Casumo's proprietary platform ahead of the initial release of a football-focused mobile product, the result of a close collaboration in product and technology between the two companies.
The deal is further evidence of Kambi's Sportsbook flexibility, with the platform fully adaptable to a wide variety of operator requirements and player demands.
The partnership is expected to have a modest impact on 2018 revenues, although a Kambi-Casumo Sportsbook has the potential to provide a more significant revenue stream in future years.
"As one of the fastest growing and most innovative operators in Europe, I'm delighted to welcome Casumo to the Kambi network," Kristian Nylen, Kambi Chief Executive, said.
"A combination of the Kambi Sportsbook and Casumo's gamification expertise will attract a different player segment than what we've been used to, further strengthening the Kambi network.
"Moreover, this deal illustrates the flexibility of the Kambi technology, with Casumo widening the spectrum of operators currently adapting our technology to meet their own specific product and marketing requirements," he added.
The agreement extends Kambi's run of signing at least one new client per quarter to nine successive quarters.
Daniel Durrans, Head of Sportsbook at Casumo, commented: "We're delighted to have signed this deal with Kambi. This is an exciting and collaborative partnership across product and technology.
"Casumo is creating a brand new, more intuitive product experience for sports, built on Kambi's leading sportsbook platform," he added.
For further information, please contact:
Kambi Group plc
Kristian Nylen, Chief Executive Officer
David Kenyon, Chief Financial Officer
+44 203 617 7270
Kambi is a provider of premium sports betting services to licensed B2C gaming and gambling operators. Kambi Group plc is listed on First North at Nasdaq Stockholm. Our services encompass a broad offering from frontend user interface through to odds compiling, customer intelligence and risk management, built on an in-house developed software platform. Kambi's 15 customers include 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 utilises a best of breed security approach. Kambi is a member of WLA, EL, Cibelae and is eCOGRA and ISO 27001 certified. Kambi Group plc is listed on First North at Nasdaq Stockholm under the symbol "KAMBI". The Company's Certified Advisor is Redeye AB.
The information in this release is such that Kambi Group plc is required to disclose under the EU Directive of Market Abuse Regulation.
The information in this release was sent for publication on Tuesday, 13th March 2018 at 14:15 CET by CEO Kristian Nylén.
Casumo is an award-winning online gaming company formed in 2012. It is made up of game enthusiasts who believe that the right people, tools and technology drive innovation and have the potential to disrupt entire industries. As an online casino operator, Casumo pioneered engagement mechanics to drive player loyalty, combining social and real-money gaming in the world's first Casino adventure. Casumo continues to be one of the fastest growing and most innovative online casino operators in Europe.
Casumo Services Limited is a company incorporated under the Laws of Malta with company registration no. C55663, and having its registered address at The Unicorn Centre, Triq l-Uqija, Swieqi, SWQ 2335, Malta.