News 22nd May 2015

Sports betting company’s Philippines operation under investigation

Swedish sports betting technology and software provider Kambi has revealed that its Philippines-based operation is under investigation by the Philippines National Bureau of Investigation, concerning allegations relating to illegal gambling. Kambi Philippines Inc. provides back office functions for the Group’s online B2B sportsbook service.

‘With regards to these allegations, Kambi is confident that there are no activities occurring in its Philippines operation which are contrary to law’, read a statement from Kambi. ‘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.

The Philippines permits foreign online gambling companies to be based and licensed in the country and offers competitive tax rates. However, such companies are prohibited from offering bets to citizens and from running books on Philippine sporting events. Kambi said that it would update the market on the in investigation as soon as necessary.

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