Kambi suspends contract with Bulgarian operator
Bulgarian operator National Lottery AD has handed back its operating licence to Bulgarian State Commission on Gambling, prompting Kambi to temporarily suspend sports betting service contract with the operator.
National Lottery AD, which operates the site 7777.bg, said in a message on its website that it stopped accepting bets, “in connection with impoundments by the National Revenue Agency on the bank accounts of National Lottery AD”.
Player accounts on 7777.bg will remain open only for withdrawals.
Bulgarian news reports say that National Lottery AD owner Vasil Bozhkov has been arrested, and the company on the brink of bankruptcy.
Kambi, which said that National lottery AD “volunatily handed back its licence”, notified National Lottery AD of the suspension of its contract, which started in 2017, yesterday (12 March) and restricted the ability to place bets with immediate effect.
Kambi said that, if the suspension continues, “ the impact on Kambi’s 2020 revenues is expected to be a small negative.”
Last month, the state-owned Bulgarian Sports Totalisator (BST) was granted a monopoly over lottery products in the country, after a bill filed in January this year passed into law.