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European Gaming Congress 2024

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South African Gambling Industry Sees Major Impact Due to COVID-19 Outbreak and Restrictions

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The “The South African Gambling Industry in South Africa 2020” report has been added to ResearchAndMarkets.com’s offering.

South Africa’s gambling industry reported mixed results last year. While the casino segment continued to generate the lion’s share of total gross gambling revenue, its market share declined markedly as bingo, betting and limited payout machines became popular. Online gambling had been increasingly taking share from on-the-ground casinos and other betting outlets. Although casinos generated higher revenues than other forms of gambling, the National Lottery attracted the highest number of players.

Coronavirus: Horse racing and sports events have been cancelled or postponed indefinitely since the coronavirus outbreak, and totalisators, casinos, bingo halls and other gambling establishments have been closed until further notice. While the traditional gambling industry is facing unparalleled losses, online gambling sites have reported a surge in activity since the national lockdown came into effect on 27 March 2020. While online casinos worldwide have reported a sharp increase in gambling, as lockdown periods are extended and financial stresses intensify, analysts say that people may become increasingly hesitant to spend money on non-essential pastimes, such as gambling. There are also concerns about the slow resumption of business at casinos once the lockdown ends.

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This report on the South African Gambling Industry includes comprehensive information on the sector and its subsectors including the lottery, casinos, limited payout machines, bingo and betting including betting on horse racing. There are profiles of 21 companies and national and provincial gambling boards in the sector. Profiled companies include major players such as Tsogo Sun, which completed the unbundling of its hotel division and Sun International, which announced plans to increase its holding in hotel and casino resort Sibaya. Others include Ithuba, which manages the lottery and Phumelela Gaming and Leisure, a major player in horse racing.

Key Topics Covered:

1. Introduction

2. Description of the Industry
2.1. Industry Value Chain
2.2. Geographic Position

3. Size of the Industry

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4. State of the Industry
4.1. Local
4.1.1. Corporate Actions
4.1.2. Regulations
4.1.3. Enterprise Development and Social Economic Development
4.2. Continental
4.3. International

5. Influencing Factors
5.1. Economic Environment
5.2. Illicit Gambling, Fraud and other Criminal Activities
5.3. Regulatory Uncertainty
5.4. Rising Operational Costs
5.5. Technology, Research and Development (R&D) and Innovation
5.6. Negative Social Consequences of Gambling
5.7. Labour
5.8. Environmental Concerns

6. Competition
6.1. Barriers to Entry

7. SWOT Analysis

8. Outlook

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9. Industry Associations

10. References
10.1. Publications
10.2. Websites

Company Profiles

  • Eastern Cape Gambling And Betting Board
  • Egoli Gaming (Pty) Ltd
  • Free State Gambling, Liquor And Tourism Authority
  • Gauteng Gambling Board
  • Gold Circle (Pty) Ltd
  • Hollywood Sportsbook Holdings (Pty) Ltd
  • Ithuba Holdings (Rf) (Pty) Ltd
  • Kwazulu-Natal Gaming And Betting Board
  • Limpopo Gambling Board
  • National Gambling Board
  • Netbet (Pty) Ltd
  • North West Gambling Board
  • Northern Cape Casino Consultants Kairo (Pty) Ltd
  • Northern Cape Gambling Board
  • O L I M P (Pty) Ltd
  • Peermont Global (Pty) Ltd
  • Phumelela Gaming And Leisure Ltd
  • Sun International Ltd
  • Tsogo Sun Gaming Ltd
  • Western Cape Gambling And Racing Board

For more information about this report visit https://www.researchandmarkets.com/r/jaqkvs

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Africa

SOFTSWISS Integrates Horse Racing Module Into Sportsbook

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SOFTSWISS, a global tech expert with over 15 years of experience providing innovative iGaming solutions, has announced the integration of a Horse Racing Module into its Sportsbook software. The module will enhance the SOFTSWISS offering, initially available in South Africa.

Horse racing has long been a traditional and significant sector of the betting industry, particularly in regions with strong ties to the UK, such as South Africa, Canada, Japan, and New Zealand. According to the research, the global horse betting market is projected to reach 82.6 billion euro by 2032, registering a CAGR of 7.6% from 2023 to 2032. With its rich history and expected growth, the Horse Racing Module provides operators with additional business opportunities, monthly covering, on average, 320 local races and 2,150 international races from 14 different countries.

Originally developed by Turfsport, a prominent South African software provider with 35 years of experience in the iGaming industry acquired by SOFTSWISS, the Horse Racing Module allows players to place fixed-odds bets on multiple markets. Key features of the Horse Racing module include race cards, silks, and multiple bet types. The solution is designed with flexibility, offering unique skins and configurations to align with various brand identities.

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Alexander Kamenetskyi, Head of SOFTSWISS Sportsbook, comments: “The acquisition of a majority stake in a key South African software provider has enabled us to integrate the SOFTSWISS Sportsbook with the Horse Racing Module by Turfsport, widening our offering. Launching this module in South Africa aligns with our recent expansion into the region, where we have obtained local certifications for our Casino Platform and Sportsbook. Horse racing remains highly popular, particularly in South Africa, but we are confident this product has strong global potential. This integration marks just the first step in the ongoing development of the Horse Racing offering within our Sportsbook.”

Earlier in 2024, SOFTSWISS introduced two new South Africa-related products: the Lotto Software and the Retail Betting Solution. The Lotto Software allows operators to offer a wide range of customisable lottery number betting options independently of traditional lottery organisers. Optimisation for both desktop and mobile ensures players custom and quick-pick betting options. The comprehensive Retail Betting Solution supports a wide range of betting activities like sports betting, lotteries, horse racing, and casino games. It empowers operators to set up offline gambling businesses quickly and legally.

SOFTSWISS will showcase its latest portfolio updates at the SBC Summit Lisbon from 24 to 26 September. Visitors to Stand B160 will have the opportunity to learn more about the recent upgrades of the SOFTSWISS ecosystem. 

 

About SOFTSWISS 

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SOFTSWISS is an international tech company supplying software solutions for managing iGaming projects. The expert team, which counts over 2,000 employees, is based in Malta, Poland and Georgia. SOFTSWISS holds a number of gaming licences and provides one-stop-shop iGaming software solutions. The company has a vast product portfolio, including the Casino Platform, the Game Aggregator with thousands of casino games, the Affilka affiliate platform, the Sportsbook Platform, and the Jackpot Aggregator. In 2013, SOFTSWISS was the first in the world to introduce a Bitcoin-optimised online casino solution.

The post SOFTSWISS Integrates Horse Racing Module Into Sportsbook appeared first on European Gaming Industry News.

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Africa

Play’n GO announces landmark partnership with African operator Betika

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Play’n GO, the world’s leading casino entertainment provider, is thrilled to announce a landmark partnership with prominent Kenyan operator Betika. This exciting collaboration marks a significant milestone in expanding Play’n GO’s exceptional gaming content throughout Africa.

As part of this partnership, Play’n GO will integrate its extensive portfolio of premium casino games such as Book of Dead, Rise of Olympus, and Gemix into Betika’s platform, delivering a superior gaming experience to players across the continent. This move highlights Play’n GO’s commitment to bringing world-class entertainment to new markets in what is a first for the world-famous supplier and underscores Betika’s dedication to offering diverse and high-quality gaming options.

Play’n GO is live in over 30 jurisdictions worldwide and boasts a portfolio of over 350 active world-class game titles.

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Magnus Olsson, Chief Commercial Officer at Play’n GO said: “We’re very excited to announce this partnership with Betika, which gives us entry into several new markets for Play’n GO. Betika are one of the leading operators across the entire African continent, and joining forces with an operator of their experience and gravitas is a wonderful opportunity for our business. Betika share our goal of a regulated, sustainable industry, and this announcement marks the beginning of what we believe will be a highly successful partnership.”

Betika has established itself as a major player in the Kenyan betting industry, known for its commitment to providing an outstanding user experience and a wide array of betting options. By incorporating Play’n GO’s renowned games, Betika aims to further enhance its offering and attract a diverse range of players.

“Partnering with Play’n GO is a significant step forward for Betika,” said Peter Stagles, Head of Gaming, Betika. “Play’n GO’s impressive lineup of games is the perfect complement to our platform, and we are confident that this collaboration will set new standards in the African gaming industry. We look forward to working together to deliver exceptional entertainment to our players. This collaboration is expected to bring enhanced gaming opportunities and excitement to players across Africa, marking a new chapter in the continent’s rapidly evolving gaming sector”.

The post Play’n GO announces landmark partnership with African operator Betika appeared first on European Gaming Industry News.

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Africa

Playtech Launches Casino and Live Casino Products with Betway in South Africa

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Playtech announced the introduction of its suite of casino and live casino products with Betway in South Africa.

Catering to the growing demand of South African players for accessible gambling solutions, the collaboration expands Playtech’s presence in South Africa and will see Playtech’s casino and live casino offerings available on the Betway platform in the region.

As part of this partnership, Playtech’s premium casino games and live dealer options will seamlessly integrate into the Betway platform. This not only enhances Betway’s portfolio but also underscores Playtech’s commitment to South Africa – a key market in its global strategy due to its rapid growth and influential position within the African gaming industry.

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Diane Crookes, Senior Commercial Director at Playtech, said: “Betway is a brand renowned for delivering an excellent player experience internationally and we are thrilled to extend our successful partnership into the South African market. Our collaborations in multiple key markets have been incredibly successful, and we are confident that South Africa will be no exception. We are confident that Playtech’s innovative products and services will enhance Betway’s player experience even further and we look forward to our continued partnership.”

Phillip Superamonien, Betway Country Manager for South Africa, said: “We are delighted to grow our partnership with Playtech into South Africa. Our already successful partnerships in various markets have provided our players with Playtech’s top-tier gaming content and our superior user experience makes this partnership a perfect fit. We are excited to bring Playtech’s renowned casino and live casino products to our South African customers, expanding our existing suite of games to provide new, exciting, and engaging gaming experiences within a safe and secure environment.”

The post Playtech Launches Casino and Live Casino Products with Betway in South Africa appeared first on European Gaming Industry News.

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