Mybet Place to return to Germany Using a Kambi-powered sports betting product after Tumultuous times and closure
German online sports gambling manufacturer mybet is gearing up trainings to relaunch in its domestic market after shutting down operations last autumn.
News emerged on Monday that the gambling website will be updated with a sportsbook powered by Kambi Group, a Stockholm-listed sports gambling provider with presence in some of the planet ’s largest gambling market that functions over 20 clients, such as 888, LeoVegas, and DraftKings among others.
The mybet website is expected to be relaunched at Germany at the first half of this year. Prior to its closure past fall, the newest had supplied betting services to German gamblers for at least 15 years.
Below a multi-year agreement between Kambi and mybet’s new owner Rhinoceros Operations Ltd., the gambling provider will supply its full sportsbook and full range of managed services to the German gambling manufacturer. Mybet will thus have the ability to return to its domestic market, which has grown exponentially through recent years.
Commenting on Dealing mybet, Kambi CEO Kristian Nylén said that they are excited about the gambling brand’s possible as it stays powerful and, boosted by the quality provided by Kambi’s sportsbook, mybet “can once more become a top player from the German marketplace and elsewhere. ”
mybet’s Closure Story
Mybet’s former parent company MyBet Holding SE shut down its B2C operations last fall after entering open insolvency proceedings in August. The move was motivated by the company’so inability to come to terms with an unidentified interested investor.
MyBet first announced in July that it was holding talks with said investor to sell its B2C company to them. But it later on said that discussions fell through as the would-be buyer of mybet group conditions that could not be fulfilled.
MyBet’s consumer-oriented operations were struck by slow growth in the company’s center markets — Greece and Ghana. Additionally, pressure for your gambling company improved when its application for provisional suspension or stay of authorities in relation to sports gambling taxes in Germany was rejected from the Frankfurt am Main II Tax Office.
Mybet was recently purchased by Rhinoceros Operations Ltd., a Malta and Curacao online gambling group that also operates the Wunderino Casino brand. Commenting on the company’s upcoming entry into the German sports gambling market with mybet, Rhinoceros Operations CEO Tobias Carlsson said that with Kambi and their other partners, they will do everything in their capacity to reestablish mybet’s heritage of one of those leaders from the German sports gambling area and also to supply players together “the adventure they want and deserve. ”
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