Africa
Slotegrator Shares an Overview of Licensing in African Online Gambling Market
iGaming aggregator and software provider Slotegrator has published a new article which provides an overview of licensing in the African online gambling markets.
In this new article, Slotegrator focuses on the online gambling licenses available in some of Africa’s most attractive markets – Nigeria, South Africa, Kenya, Tanzania and Uganda.
Economic growth and accelerating mobile internet penetration are transforming many African markets into viable iGaming investment opportunities. While many sportsbooks are already relatively established, online casino gaming is expected to become more accessible as the region’s telecommunication infrastructure improves and the local population’s disposable income increases.
Countries like Kenya, Uganda and Zambia only issue licenses for land-based casinos, but online operators are also able to apply. These unregulated markets which offer licenses are worth a closer look.
Kenya’s Betting Control and Licensing Board and Uganda’s National Gaming Board issue licenses to both land-based and online operators, though online gambling is not formally regulated. For Kenyan operators, bookmaker licenses cost €2800 and casino licenses are €32,800, with costs rising for foreign-based businesses.
Costs are similar in Uganda, with similarly higher fees for foreign-owned operations. Companies must also have a minimum capital of about €60,000 and submit a security guarantee after obtaining the license: €46,000 for bookmakers, €117,000 for casinos.
In Nigeria, the lack of federal-level regulations creates friction between the National Lottery Regulatory Commission (NLRC) and the Lagos State Lotteries Board (LSLB), which both issue licenses. Each regulator has its own set of fees, and unfortunately, operators are sometimes subject to double taxation.
In South Africa, online sports betting is allowed, but online casino gaming is banned. Licenses are issued locally by provincial authorities, with the Western Cape Gambling and Racing Board (WCGRB) most widely used by operators.
The application fee for a WCGRB bookmaker license is about €750, and the same amount is charged in yearly fees. Prospective operators also have to keep in mind that, to obtain a license, they must pass a probity investigation, which can command its own fees.
Tanzania is a fully regulated market of great interest for online casinos and online sportsbooks. License fees amount to just over €500 per month; sportsbooks pay a 6% levy on all stakes. In order to get a permit, operators are required to make significant investments in the country – $300,000 for local companies, $500,000 for foreign-based or foreign-owned ones.
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Africa
Altenar obtains National Manufacturer licence in South Africa
Leading sportsbook provider prepares to debut in African market after rigorous certification process
Altenar, a leading sportsbook and iGaming software provider, has successfully obtained a licence from the Western Cape Gambling and Racing Board (WCGRB), marking a significant milestone in its expansion into the burgeoning South African market.
Altenar is now a registered and licenced National Manufacturer in the thriving jurisdiction, following a rigorous process. During the initial stages, several stakeholders were required to complete detailed KYC and compliance checks, as well as fill in significant paperwork to demonstrate the provider’s suitability.
This latest market debut demonstrates Altenar’s position as a sought-after partner with a flexible and localised solution. The opportunity opens up the doors to further expansion on the African continent and demonstrates its appeal to operators across multiple continents.
Sam Hill, Sales Director at Altenar, said: “Altenar is delighted to receive our licence to supply our sportsbook solution into South Africa. It is another significant step for us globally and is a key target market for us to further establish our product. We’re confident we have all the necessary product features and quality to offer the best solution on the market. This is across core sports such as football and racing, as well as offering customers the ease to prioritise key local content and sports via our highly flexible UI/UX.
“There are also a variety of ways that we support seamless cross-sell between products, which in a market such as South Africa, with the popularity of all verticals, will stand us and our customers in good stead. We are looking forward to the future in South Africa and the wider African market.”
The post Altenar obtains National Manufacturer licence in South Africa appeared first on European Gaming Industry News.
Africa
SYNOT Games Expands to the Nigerian Market Through a Strategic Partnership with betBonanza
SYNOT Games, a leading global casino game developer, has announced its expansion into the Nigerian iGaming market through a new partnership with betBonanza.
As a result of this collaboration, betBonanza players will have access to SYNOT Games‘ acclaimed portfolio of over 150 unique and engaging titles. The initial launch will feature ten highly popular games, including Aztec Jaguar Megaways, All Ways Queen, Forest Maiden, and Rio Mystery Night. The operator will continue to expand its offering, adding five new games each week until the full portfolio becomes available.
By joining forces, SYNOT Games and betBonanza aim to meet the growing demand for premium gaming content in Nigeria’s thriving market, setting a new standard for entertainment and innovation.
Unity Nwanze, Business Operations Manager at betBonanza, said: “We are excited to expand our Casino game portfolio with the addition of SYNOT Games! It’s a great opportunity to present our players with fun games and thrilling ways to win. We look forward to a rewarding partnership.”
Kristína Ďaďová, Sales Manager at SYNOT Games, added: “Our goal is to provide the highest level of entertainment and by partnering with betBonanza, we will be able to offer top-quality games to a whole new audience. I believe this cooperation will strengthen our position in a market as demanding as Nigeria.”
The post SYNOT Games Expands to the Nigerian Market Through a Strategic Partnership with betBonanza appeared first on European Gaming Industry News.
Africa
888bets Goes Live in Malawi
888bets has launched in Malawi, expanding the online operator’s presence across Africa.
The brand, which is a joint venture between 888 owner evoke and 888Africa, unveiled a television advert to support its entry into its latest market.
888Africa co-founder and CEO Christopher Coyne said: “Delighted to announce that 888Africa has now launched into our seventh African market with Malawi. We are live from today [Friday, November 29].
“I’m so proud of the work of the outstanding 888Africa teams, too many to mention in the run to get us live, but I will note Alex Rutherford [888Africa chief growth officer] for his work on licensing, and I’ll mention also Andrew Lee [chief revenue officer], Steven McIntosh [VP product] and Zeljka Perkovic for their massive contributions on the project side.”
The post 888bets Goes Live in Malawi appeared first on European Gaming Industry News.
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