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Sportswinbet to launch a First Cagayan-licensed online sports book

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The AIM-listed company has entered into an agreement with Philippines-based Kolarmy Technology, under which Kolarmy will provide the software and hardware as well as the risk management service to operate a Sportswinbet-branded online sports book that will be focusing on Asian handicap soccer betting. Sportswinbet will receive a share of any net win generated.