iGaming Industry
Sports Gambling Booms in Africa
The popularity of gambling in Africa has risen over the past few years with the advent of mobile applications to make betting easier and a proliferation of betting joints.
Ghanaian Efutu Member of Parliament Afenyo Markin is a vehement opponent of gambling centers in Ghana. Earlier this year, he spoke to DW, accusing the Chinese who mainly own and run most of the gambling centers, of taking advantage of young people. He said, “Those Chinese who have come with their raffle joints, I want to tell them we will encourage the police to close these joints down,” before adding, “There are lot of raffle joints in Winneba. Properties are getting stolen because somebody wants money to go raffle.”
The popularity of gambling in Africa has risen over the past few years with the advent of mobile applications to make betting easier and a proliferation of betting joints. In Kenya, SportPesa which was launched in 2013, now has over one million registered.
While it sounds like a “man problem,” reports from South Africa prove women have also been ensnared by the allure of quick money. Heidi Sinclair, treatment and counselling manager at the South African Responsible Gambling Foundation says, “…the reality is that as many as 51 percent of all South African women gamble; what’s more, female problem gamblers are likely to be more severely affected by the condition.” While the practice has its advantages like boosting State revenue, the cost is sometimes too great to ignore.
Mobile Phones – the African Las Vegas
The 2014-2018 Gambling Outlook by PriceWaterhouseCoopers examined the extent of the gambling industry in South Africa, Nigeria and Kenya. Gambling in these three countries will be an industry worth $37 billion. Geopoll says, “Most youth (54%) in SSA (Sub Saharan Africa) have tried their hand at gambling. Kenya has the highest number of youth who have participated in gambling or betting in the past at 76% followed by Uganda at 57%. Ghana has the least number at 42%.”
It also says most young people are using mobile phones to gamble with 75% of those who bet using their phones. Kenya has the highest usage of mobile phones for gambling at 96% while South Africa has the lowest at 48%. In effect, as Geopoll rightly states, mobile phones have become Africa’s Las Vegas.
Fictitious gains, Real losses
The Digital Skills Observatory report says, gambling provides participants with a false and risky sense of “better days”. The contention was that people know it is risky but have an impression of winning which is often untrue. A participant in the research, Mark, said he furnished his house through winnings from gambling. However, according to DSO data, “55% of participants believe they win most of the time, but our data shows that more than 50% have spent more on gambling than they have gained.” While gambling has created employment, and taken youths off the streets in some cases, it has also trapped a lot of participants in compulsive “problem gambling”.
A good number of gamblers want to stop but they simply cannot. Families are being affected. Mental health is at risk. The desire to make more has become an adversary. Quartz reports that, “Kampala schools have reported an increase in dropouts with gambling students unable to pay fees, while several communities, including Uganda’s second largest city Gulu in November, have sought to ban betting amid claims of mounting crime and underage involvement.”
Many countries are struggling with regulating gambling in their countries and appealing to the humanity of business people making profits from gambling is foolhardy. They make gains from the losses of the people and they cannot be expected to cut down their source of revenue. They cash in on the chaotic realities of the largely unemployed young people.
It is sad that it has come to this: Youths who should be in full-time jobs and school are now resorting to chance to make a living. Leaders should feel challenged by the festering rot in our midst. Gambling can be tolerated when it is recreational but when whole populations pin their livelihoods on it, there is a fundamental error in the system.…
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Source: EEGaming.
BetConstruct, a global leader in the iGaming industry, is going to showcase its cutting-edge solutions at the highly anticipated Global Gaming Expo (G2E), taking place from October 7-10.
As the premier event for the global gaming industry, G2E serves as a hub for innovation, driving growth by bringing together industry professionals from around the world to foster business opportunities.
Taking place at The Venetian Expo in Las Vegas, this all-in-one event features both an education program from October 7-10 and an expansive expo hall running from October 8-10.
BetConstruct’s stand is 5230, where the team will showcase an exciting range of products, including the newly launched the Last Battle, a novel loyalty system that is the byproduct of BetConstruct’s commitment to innovation. The company will also demonstrate its comprehensive Sportsbook and Casino Suite, along with DECA, its next-level decentralised casino platform, and Umbrella, an AI-powered risk management solution. These offerings are designed to meet the needs of a diverse range of operators, ensuring seamless and engaging experiences for players across the regulated market.
Amusnet has announced its participation in the 23rd edition of G2E Las Vegas (Global Gaming Expo) at The Venetian Expo from October 7-10. As one of the largest expos globally, G2E provides a platform for the company to showcase products across its Online Casino, Live Casino, and Land-based verticals, positioning Amusnet as a prominent all-casino provider in the competitive iGaming industry.
“We are excited to attend G2E Las Vegas 2024 to present our latest online casino portfolio and Type S slot cabinets: our first-ever product series for Land-based casinos, designed to offer a competitive edge by combining Amusnet’s top-notch game portfolio with an immersive player experience. Our focus is on delivering solutions that maximize performance and cater to the evolving needs for both online and land-based casinos,” said Borislav Marinov, Head of Business Development, Land-based, at Amusnet.
Alongside its technical excellence, the premium Type S series showcases the company’s award-winning titles, including 20 Golden Coins, Extra Crown, Fruits & Gold, and Cocktail Rush. It also features Amusnet’s popular four-level bonus game, Jackpot Cards, along with other exciting features like Free Spins, Buy Bonus, Pick Me Bonus, and Symbol Upgrade.
Amusnet will host an activation featuring its premium slot cabinets at the upcoming expo, offering attendees the opportunity to experience the thrill of Type S in real time and win exciting gifts.
SoftGamings, the market leader in iGaming solutions and services, announced the arrival of the Tobique Gaming License on the market. The move reflects the company’s commitment to enhancing regulatory compliance and expanding its footprint in the competitive iGaming industry.
Tobique Gaming, managed by the Tobique First Nation in western New Brunswick, Canada, oversees the issuance of online gambling licenses through the Tobique Gaming Commission (TGC) — a regulatory body established under the Tobique Gaming Act of 2023. This initiative is known for its stringent standards and emphasis on responsible gaming. Furthermore, it promotes economic development within the Tobique First Nation community.
The Tobique Gaming license provides operators an entry point into the online gaming and gambling industries. With it, businesses and iGaming operators can conduct operations in various global regions and offer multiple services, from betting to casino games and lottery promotions. The best of all is the streamlined application process, which lasts only 4 to 6 weeks.
SoftGamings is fully prepared to support clients and those interested in obtaining this license. Leveraging its innovative technology and diverse game portfolio, SoftGamings is ready to support clients in navigating the application process and leveraging the benefits of the Tobique Gaming License. The company’s comprehensive services include game development, casino management systems, and payment integrations, making SoftGamings a preferred partner for numerous operators and developers worldwide.
Consequently, helping the clients obtain the Tobique Gaming license and being an entry point represents a significant milestone in SoftGamings’ ongoing efforts to refine its service offerings, maintain the highest standards of gaming integrity, and bolster its regulatory standing. As the company moves forward with this licensing process, it anticipates a positive impact on its operations and continued success in delivering exceptional gaming solutions to its global clientele.
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