This week betting firm Kambi has announced that they've signed an extension with National Lottery JSC out of Bulgaria that will allow the group to continue offering their sportsbetting services in the country.
The move will help Kambi expand, as JSC's 7777.bg online brand is set to expand into the nearby country Moldova, as they scored a 15 year contract there. Kambi provides sportsbetting services to their clients, with a full platform of odds and insight services offered to operators. Moldova is operating under a monopoly system, and the contract with JSC will certainly be lucrative for the group.
Of course, there will also still be a prominent Kambi presence in Bulgaria due to the agreement, as Kambi's sportsbetting platform will continue to be offered and expanded.
There hasn't been a timeframe for the launch of the product, but both groups appear to be looking at going live in the next few months, rather than late in the year.
We'll update readers when Moldova does in fact begin offering online betting services.