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European Gaming Congress 2024

iGaming Industry

South Africa’s gross gambling revenue forecast to hit R35bn in 2021

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SA gambling revenue forecast to hit R35bn in 2021

South Africa’s gross gambling revenues (GGRs) are forecast to increase from last year’s R27 billion to R35bn in 2021 or a 5.1 percent compound annual increase.
This according to auditing firm PwC’s sixth annual edition of the Gambling Outlook for South Africa: 2017-2021 report released on Wednesday.
It said gambling taxes and levies, which rose 4.9 percent to R2.7bn last year, would grow at 5.2 percent compound annual rate to R3.5bn in 2021.
Casinos, which directly employ more than 10 000 people for its operations and accounted for 66 percent of total GGRs, remained the largest contributor to gambling taxes and levies at R1.8bn. It was followed by the betting segment at R430 million.
The report shows that Bingo was the fastest-growing category as it accounted for 5 percent of total GGR in 2016, up from 4 percent in 2015, buoyed by a 36.6 percent rise in GGR. Gauteng generated 65percent of the total growth in bingo GGR, with a 37.6percent increase to R813 million.
For the forecast period as a whole, bingo GGR is expected to increase at an 11.9 percent compound annual rate, from R1.3bn in 2016 to R2.2bn in 2021. After registering a notable decrease between 2012 and 2016, lottery ticket sales increase last year, leading to lottery GGR rising 34.7 percent to R2.98bn.
The National Lottery GGR was projected to increase to R3.08bn in 2012 from R2.98bn in 2016, which is a 0.7 percent compound annual increase.
Sports betting rose 21.3 percent in 2016 to R2.9bn, more than three times the R847m total recorded in 2012.
Major international tournaments including the Fifa World Cup, Rugby World Cup, and the European Championship were credited for further boosting the volume of betting. Its GGR was projected to rise at a 12.3 percent compound annual rate to R5.2bn in 2020. Horse racing rose 6.2 percent last year with much of the growth recorded in Eastern Cape and its GGR was forecast to increase to R2.3bn in 2021.
PwC South Africa’s gambling industry leader Pietro Calicchio said: “The gambling industry in South Africa will continue to be adversely affected in the near term by slower economic growth, but improving economic conditions over the latter part of the forecast period will aid growth. The industry remains an important contributor to the economy through the creation of jobs, continued capital expansion and the payment of taxes to both provincial and national government.
Calicchio lashed out at illegal gambling for continuing to be a “problem” in the country, saying the scourge has resulted in R1.9bn lost in GDP for the 2016 financial year and a loss of much-needed 3 785 jobs.…

The post South Africa’s gross gambling revenue forecast to hit R35bn in 2021 appeared first on Eastern European Gaming – News – Interviews – Legal Market Updates – Premium Reports – Events – Directory.


Source: EEGaming.

Amusnet

Amusnet Sets the Stage for Global Gaming Excellence at G2E Las Vegas

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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.

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Canada

SoftGamings Doubles Down on Global Expansion by Introducing Tobique Gaming Licence

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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.

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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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4Play

Fast Track Enters into Partnership with 4Play

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Fast Track, the leading player engagement platform built specifically for the iGaming industry, has partnered with 4Play, a dynamic and innovative gaming operator renowned for its exceptional player experiences in both casino and sports betting.

Launched in 2023, 4Play has rapidly gained recognition in the industry, primarily targeting the burgeoning Brazilian market. With a commitment to delivering unparalleled entertainment, 4Play offers its players a seamless experience in Portuguese, featuring popular gaming verticals such as casino and sports betting.

4Play’s decision to integrate Fast Track CRM comes as part of its strategic initiative to bolster player retention and streamline operations through advanced automation. Fast Track’s robust platform will enable 4Play to automate complex player journeys, ensuring each interaction is personalised and timely.

“We are excited to partner with Fast Track to elevate our player engagement strategies. Their innovative approach to CRM and their commitment to creating individualised player experiences align perfectly with our vision for 4Play. We look forward to leveraging their platform to enhance our player retention and operational efficiency,” Mateus Ihering, Chief Operating Officer of 4Play, said.

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Fast Track’s CRM platform, recognised for its real-time data capabilities and comprehensive automation suite, will support 4Play in achieving its business goals. By automating player communications and optimising the registration journey, 4Play aims to significantly increase its number of depositors while maintaining a high level of engagement among its 148,000 monthly active users.

Simon Lidzén, Co-Founder and CEO of Fast Track, said: “We are delighted to welcome 4Play into the Fast Track family. Their innovative spirit and dedication to providing top-tier player experiences make them an ideal partner. Together, we will set new standards in player engagement and retention, ensuring that 4Play continues to thrive in the competitive iGaming landscape.”

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