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REGULATORY MAPPING: NSOFT ABOUT AFRICA’S EMERGING MARKETS

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Africa

iGaming: level up your African experience with facts and stats

Africa as the rising star on the iGaming market has been especially interesting when it comes to a real omnichannel experience . NSoft has been interested in the African market given the fact that there is no barrier to overseas investment or operators entering the market provided they respect and adhere to the regulations as with any other jurisdiction.

In recent years, the number of countries has adopted their own regulatory framework is on the rise and regulations are seen to be of crucial importance providing benefits to all stakeholders being involved in the iGaming industry. As a result, the regulatory framework provides a safer environment to operators, suppliers, and consumers enabling progressive opportunities in every aspect of their interest.

NSoft is aware of the benefits the African market provides and this short overview is to draw a big picture of potentials and regulations that Africa offers.

Kenya – a multi-million dollar gambling business

The Kenyans are African leaders when it comes to betting. It is the most betting crazed nation where 70% of punters bet at least once a week. Even their top Google searches, 11 out of top 20, are overwhelmed with betting related keywords. People in Africa mostly bet over mobile phone or web, and that is why they have the highest number of gambling-related mobile usage in Africa. Retail shops are present, but not as in Europe and some other African countries. Kenya is the birthplace of mobile money, a money method mostly used to top-up betting accounts not only in Kenya but also in entire sub-Saharan Africa. Kenyans enjoy betting on sports, especially football, lottery-style games, and casino. Racing games are not as popular as in some other African countries.

The Kenyan gambling laws were established in 1966 with the introduction of the Betting Lotteries and The Gaming Act .Kenya regulates all forms of gambling and started delivering remote gambling licenses in 2011.

 

 

Ghana – an opportunity and an example for other countries in Africa

Ghana is, in general, one of the better-developed countries in Africa, and especially when it comes to the betting industry. It is well known that the iGaming market in Ghana offers predominantly the retail-based betting experience having all of the major regional operators present. During the last 5 years, we’ve witnessed internet infrastructure development resulting in a rapid rise of internet users, ranging from 3M users in 2013 to over 10M in 2018 (29.5M population), registering 35% internet penetration. The rise of internet users affected the operators which started to switch from retail-based to web-based business segment. Currently, there are more than 30 licensed legal entities holding the sports betting license. From NSoft’s experience, punters in Ghana prefer sports betting , greyhound racing, ever-popular virtual football, and draw-based games – like our Lucky 6.

Regarding current regulations in force, Ghana’s Betting Industry is regulated by the Gaming Act from 2006. It regulates the most important prerequisites for the gaming and betting industry, license requirements and penalties for non-compliance with bankroll requirements. Nevertheless, it’s important to emphasize that Ghana has very good state control regulatory system. Namely, the Gaming Act prescribes establishment of Gaming Commission that provides legal solutions aimed to contribute to the legal security of Ghana’s betting industry.

 

 

Cameroon – the rising star of the betting industry

Cameroon is a country that is up and on a rising path in the betting industry. With the population of 24.5M, the potential is enormous. It is almost completely retail-based due to the lack of proper internet infrastructure. A number of operators have started offering the web channel, but the time for it to generate some significant numbers is yet to come. There are less than 10 active operators, with one or two regional operators present. The most dominant form of betting is sports betting, while virtual sports are present, but way less popular than in other African countries. This might be due to the fact that most of the retail shops are actually street vendor style shops that are cheap to set up and offer exclusively sports betting.

Gambling is legal in Cameroon, but online gambling is not specifically regulated. The current Gambling Act, written in 1989 and modified in 2004, makes no mention of online gambling. Online gambling is largely unregulated but still tolerated by the government.

 

 

Lesotho – lack of experience does not necessarily mean lack of knowledge

Lesotho is a small country and lacking development in many aspects and industries. Surprisingly, this is not the case with Lesotho’s betting industry. The betting industry is developed to the extent it easily surpasses some European countries. Sports betting, virtual games, casino games, mobile apps, retail shops – you name it, they have it. The only limitation they have is their population of 2.2M having only three active operators that are slowly reaching their maximum. The most popular form of betting are sports betting and virtual games, especially drawn based game Lucky 6 ,which is being followed by virtual football league and lottery betting.

Regarding the regulation, Lesotho is similar to Cameroon. Gambling is legal in Lesotho. The government established its first gambling act in 1989. All regulations and supervisions of gambling activities are provided by the central Casino board. Online gambling is not regulated, and there are no laws or regulations being referred to online gambling under Lesotho’s Gambling Regulation Act. Licenses are issued by the Minister of Finance and Development Planning. are valid for periods stipulated on the license and are not transferable within their validity period and the Minister has the power to revoke such licenses. The governing act is overly prescriptive and tedious and may deter participation in business, especially the small scale operators.

 

 

Tanzania – taxes triggering the domino-effect of revenue cut

Tanzania, with its population of 59M, is perceived as one of the biggest potentials for the betting industry. The industry is exponentially on the rise in the past 5 years and just between 2014 and 2016 the sports betting revenue grew by 95%. The retail business was already well developed and in 2016 there were more than 2,000 shops and terminals in the country. The Tanzanian government has invested a lot in the internet infrastructure which resulted in having one of the biggest internet user bases in Africa. Similar to Ghana, the industry expanded to the web and piqued the interest from regional and global operators to move onto the market. The business was successful to providers and operators until GBT (Gaming Board of Tanzania) introduced a series of new taxes from 2016 onwards which slowed the rapid development of the industry and cut revenues to all operators. Punters in Tanzania enjoy sports betting, virtual games like horse racing ,virtual football and Lucky 6.

Betting in Tanzania is regulated by the Tanzanian Gaming Act. The Act clearly defines the gaming tax and states that without being a holder of gaming license issued under the Gaming Act, any gaming activity is prohibited.

 

 

Africa – understanding the dynamics is crucial

To sum up, Africa has been attracting substantial interest from operators keen to diversify their activities away from costly European countries. At this point, Kenya is the leader when taking in consideration the regulations, potential, and gambling related mobile usage. Ghana and Cameroon are perceived as success stories and a reference for the upcoming changes in the region. NSoft seeks for stable legal frameworks and perceives them as a safeguard for substantial investments, whilst, of course, ensuring the player’s interest.

 

ICE London – a step towards becoming a powerful player on African iGaming market

ICE London turned out to be a great success for NSoft that exhibited on 288m2 with a new booth design. We showcased novelties and received positive feedback from the market stakeholders. NSoft’s sales team has had a significant number of inquiries from African distributors confirming the positive foresight of the market.

If you missed speaking to us during ICE London , contact us at sales@nsoft.com or meet us on ICE Africa, 3-4 October 2019. NSoft will be attending Betting on Football Conference ,19-22 March 2019, meet us in London or contact our sales team at sales@nsoft.com.

Contact emails:

sales@nsoft.com

marketing@nsoft.com

info@nsoft.com

www.nsoft.com

 

AYO.NEWS says:

Thanks to NSoft for this interesting look at some of the most promising African gambling markets. We absolutely agree that Africa holds an awful lot of promise for igaming and sports betting companies, as they look for growing markets beyond Europe.

On the plus side, as NSoft pointed out, regulatory burdens are low compared with developed  markets, and there is a rapidly growing population with a passion for gambling. Millions of Africans are also gaining access to mobile technology and digital financial services, further expanding the potential markets.

However, one major factor across most of Africa, is still the potential for corruption and instability, with even the most developed nations falling far behind Europe in terms of transparency and trust. Will companies be willing to invest serious amounts in countries with flaky legal protections and political attitudes that can change on a whim?

Its interesting that there was no mention of Botswana in the analysis – given that it is one of the most stable and developed nations in Africa, has good links with South Africa, Namibia and Zimbabwe, has an English-speaking and relatively educated population, an established land-based gambling industry, and the clear potential for the development of a healthy online sector, or even to become a regional online hub. Though online gambling is not currently regulated there, it is not illegal and seems to have been simply overlooked in the last legislation passed in 2012.

 

Co-founder and Chief Editor of AYO.NEWS: Coming from an art and design background, Oliver has a passion for video games and esports, and has several years of experience working at the heart of the iGaming and sports betting industry in Malta.

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ENTAIN PUTS F1 FANS IN DRIVING SEAT WITH EXCLUSIVE MCLAREN RACING CONTENT

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Image credit: Entain / McLaren

Entain, the global sports betting, gaming and interactive entertainment group, has announced exclusive McLaren Racing content for Formula 1 fans. 

The partnership between the team and Entain’s PartyCasino and partypoker brands launched at the start of this year’s F1 season with the Monaco Grand Prix in May. The company will now be running international TV adverts until the end of the season in late December, and is promising customers “special access to the McLaren F1 team” through the two gaming brands. 

“We want Party to be a destination for customers around the world who enjoy games and sharing experiences around the sports and activities they love,” said Paris Anatolitis, Managing Director of Party Brands and Commercial Director of Entain. “This is about creating recreational content which encourages people to take a look and explore new ways of enjoying themselves with our brands.”

A range of new offers are also being launched to coincide with the new campaign, including Super Fan competitions, videos giving fans a look behind the scenes at McLaren Racing, and an exclusive free-to-play McLaren F1 game. 

Further exclusive content and experiences are also planned for 2022.

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Sports, Fantasy & Virtuals

SOCIOS.COM TAPS CHECKOUT.COM TO MAKE BUYING FAN TOKENS EASIER

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Image credit: Chiliz

Blockchain-powered fan engagement and rewards app Socios.com has partnered with Checkout.com to manage, process, and support its payment needs globally. 

Socios.com currently has over 1.2 million users and has partnerships with more than 90 major sporting organisations, including major European and South American football clubs, NBA franchises, MMA organisations, Formula 1 teams, cricket teams, and esports organisations. 

The platform offers fan tokens, collectible digital assets, in the form of NFTs minted on the Chiliz blockchain, giving holders special access to perks, rewards, merchandise, and experiences. Fan Tokens are purchased using the Chiliz ($CHZ) digital currency, which can be purchased on the Socios.com app or several cryptocurrency exchanges, including Coinbase and Binance. 

Checkout.com will now be providing a solution for Socios.com’s complex and rapidly growing global infrastructure.  

Béatrice Collet, head of operational business development and global payments at Socios.com, explained: “Fan tokens are an exciting way for sports teams to transform the way they interact with their fans. This has become increasingly important over the past 18 months with people unable to attend sports events and needing new ways to stay connected to their teams. Tokens are viewed as a source of new revenue for clubs — we generated almost $200 million for our partner clubs in 2021 alone.”

Max Rothman, head of digital assets & currencies at Checkout.com, added: “We have a complete suite of payment methods that lower the barrier to entry for millions of sports fans looking to acquire fan tokens. Checkout.com’s substantial domain expertise in cryptocurrency and blockchain technology, supports the payments needs for companies operating in this space. We can ensure Socios.com maximises acceptance rates, enabling fans to join the Chiliz ecosystem and feel closer to the teams they love.”

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Sports, Fantasy & Virtuals

S.S.C. NAPOLI TO LAUNCH FAN TOKEN ON SOCIOS.COM

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Image credit: Chiliz

Top flight Italian football club S.S.C Napoli has partnered with Chiliz to launch a $NAP Fan Token on the Socios.com engagement and rewards app. 

Holders of the $NAP Fan Token will enjoy unprecedented access to the club, including the rights to vote in interactive club polls. They will also be able to compete with other fans in games, competitions, and quizzes, to earn both digital and real-world rewards, benefits, and experiences. Additionally, fans will be able to experience Socios.com’s geo-location, augmented reality Token Hunt feature.

Commenting on the news, Serena Salvione, Chief International Development Officer of Napoli, said: “Partnering with Socios.com has a special value for us, being the brand more and more involved in global projects and driven by fans’ engagement objectives. We are constantly looking for new ways to make our fans feel part of the club in the digital environment and for them to have their voices heard on a daily basis. Socios.com will help us in doing that and we can’t wait to work closely with our new partner and come up with unique activation ideas”.

Napoli’s announcement follows last week’s from fellow Italian club Bologna FC, and makes it the sixth Serie A team to partner with Socios.com. Details of when the $NAP Fan Token will be launched, how much it will cost, and how many will be minted, will be announced soon.

More than 90 major sporting organisations have now announced partnerships with Socios.com, including major European and South American football clubs, NBA franchises, F1 teams, cricket teams and leagues, and esports organisations.

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Sports, Fantasy & Virtuals

TOPGOAL’S SECOND NFT DROP FEATURES BIG-NAME FOOTBALL STARS

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Image credit: TopGoal

TopGoal, a blockchain-based football game centered around collecting and trading officially licensed football highlights, has announced a second round drop of NFT player cards featuring some of the biggest names in the history of the sport.

Football legends Alessandro Del Piero, Christian Vieri, and Gabriel Batistuta are the newest additions to TopGoal’s growing roster of superstars to be enshrined in NFT form through the platform. TopGoal’s first NFT drop was on Binance NFT in July, which included football icons Guti, Michael Owen, and Rivaldo. TopGoal has also partnered with Binance NFT for the second series.

TopGoal partners with famous football players, clubs, and institutions to create officially licensed, blockchain-backed NFT collectable cards, which can be bought and traded so fans can build their ultimate fantasy squad, collect the greatest moments from their favorite players, and even play the NFT cards in blockchain-empowered games which adopt the latest play-to-earn economic model.

The surging popularity of NFTs has led to this entirely new play-to-earn gaming paradigm known as GameFi, which blurs the line between players and investors. Players can now earn tokens or NFTs for their gaming, which often have corresponding real-world value, and can also be used in-game to further increase their rarity or value, or help power a game’s community.

Alessandro Del Piero is widely considered one of the greatest Italian footballers of all time, currently standing as the second highest top-scorer in all competitions, with 346 goals. 

Christian Vieri was named in the FIFA 100 list, which includes the 125 greatest living footballers. During his career, Vieri was considered one of the best strikers in Europe, once holding the title as most expensive player ever, when Inter Milan paid Lazio €43 million for his services.

Gabriel Batistuta started his storied career playing in Argentina, but spent most of his playing days with Serie A club Fiorentina in Italy, where he remains their all-time leading scorer. He’s also the only player in football history to score two hat-tricks in different World Cups.

“Football is the most popular sport in the world and there are so many historical moments that deserve to be remembered. Bringing together NFTs and football can provide the chance for fans to collect these great moments of the players they support, build their fantasy squad and play the game with one-of-a-kind legendary football player cards. I’m excited to be a part of it,” said Del Piero.

“From what I know about NFT technology, it can help to easily validate the ownership of digital assets such as NFT game cards. One of the major problems with traditional cards is counterfeiting, as it can be very difficult to tell whether it is genuine or not. Even my autograph gets copied by counterfeiters and that’s not fair for fans! NFT technology can help to overcome this issue, while also allowing the cards to be used for playing games and other applications that support the technology. This seems very impressive to me. In my opinion, the combination of football with traditional star cards as well as the market for NFTs has got massive potential,” said ​​Michael Owen.

Staying with all things football and NFT, earlier this week we reported that Rangers FC had entered an NFT partnership with Sportemon Go.

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SBC ANNOUNCES 2022 CONFERENCE AND EXHIBITION CALENDAR

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Image by LUM3N from Pixabay

SBC has announced details of its in-person events programme for 2022, with betting and igaming industry conferences and exhibitions scheduled for Malta, London, New Jersey, Barcelona, Kyiv, and Cancún.

The media and events specialist resumed its physical conferences in the second half of 2021 with a series of successful shows that provided the industry with new business opportunities and the much-needed chance to return to face-to-face interactions.

SBC will build on that by staging a programme of enhanced events in some of the gambling industry’s most-important markets throughout 2022, presenting businesses with the ideal platform from which to reach larger audiences of key decision makers. The events are:

Running alongside the conferences and exhibitions will be a programme of industry awards shows to recognise and celebrate the most innovative, creative and successful operators, suppliers, and affiliates in the worlds of sports betting and igaming. They include:

  • 28 April: CasinoBeats Game Developer Awards – Malta
  • 14 July: SBC Awards North America – New York City
  • 22 September: SBC Awards – Barcelona
  • 3 November: SBC Awards Latinoamérica – Cancún

Rasmus Sojmark, SBC’s CEO & Founder, said: “We’re delighted with what we have achieved so far with our 2021 events, which have been delivered in challenging conditions. The feedback from delegates, exhibitors, and sponsors has been overwhelmingly positive. 

“The experience has left us feeling excited about the potential for next year, when we will be able to stage enhanced editions of the shows and accommodate significantly larger audiences. So it’s great to be able to announce these six events for everyone to add to their   2022 calendars.” 

The highlight of the programme is the second edition of the global betting and igaming show, SBC Summit Barcelona, in September. Already established as one of the most important business opportunities on the industry calendar, the Summit will more than double in size in 2022.

It will again see senior executives from sports betting, online casino, and lottery operators from around the world travel to Catalonia for a comprehensive conference covering every major regional market and vertical, along with a programme of networking activities.

SBC’s flagship event will also feature an 18,000 sq m exhibition space, complete with a Big Stage auditorium for major product launches, which will take place in front of an audience of decision makers and the most influential industry media.

Before that, the programme will open in April with the CasinoBeats Summit conference and expo. The event is part of Malta’s Spring iGaming Week, which SBC will deliver in conjunction with its partners at KPMG Malta and GamingMalta.

CasinoBeats Summit is the high-level event for the online casino sector and attracts an audience of senior teams from major igaming operators and affiliates to learn from the innovators and creative powerhouses driving the industry forward. It also provides an opportunity for games studios and tech suppliers to showcase their latest offerings to the product selection teams of both Malta-based and international operators, platform providers, and content aggregators.

The second major SBC event of 2022 is Betting on Sports Europe, the only conference dedicated entirely to shaping the future of the sports betting industry, which takes place in London in early June. It will see the leadership teams of the continent’s major operators gather to exchange ideas about crucial issues such as how to utilise next-generation technology, the impact of the latest regulatory changes, how to respond to changing player tastes, and strengthening player protection measures.

With senior executives from all the industry’s biggest brands in attendance, Betting on Sports Europe is the perfect place to connect with the decision makers and influencers involved in the selection of technology, content and services.

Having established itself as the must-attend event for the sports betting and igaming industries in the US and Canada, SBC Summit North America returns to New Jersey in a new July date. It will once again be a gathering of the management teams of operators actively expanding across the region, ensuring the expo is an unrivalled opportunity to showcase new products and high-value services to buyers.

After the global event in Barcelona, attention will turn to SBC Summit CIS in Kyiv in October. The first staging of the conference and exhibition in 2021 attracted delegates from the leading operators in territories such as Ukraine, Georgia, the Baltic states, Belarus and Kazakhstan, providing a forum to reach and engage with the major players in growing markets.

Rounding off the 2022 schedule in November will be SBC Summit Latinoamérica, which after its debut edition in Miami moves to its new home of Cancún. The show will again provide a forum for operators in the fast-changing markets in Colombia, Brazil, Peru, Costa Rica, Argentina, and Mexico to connect with the leading international suppliers.

For further details about SBC’s 2022 events programme, contact sales@sbcgaming.com for information about exhibition and sponsorship options.

 

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Sports, Fantasy & Virtuals

THE GAME DAY LAUNCHES “CREATOR PROGRAM” TO DRIVE DIGITAL ENGAGEMENT

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Photo by Daniel Álvasd on Unsplash

The Game Day has launched a new Creator Program, to expand the company’s reach and further drive engagement with consumers digitally. 

A network of social media content creators and influencer partners across YouTube, Instagram, Facebook, TikTok, and Twitter, it will complement The Game Day’s existing brand and platforms, including its owned and operated social channels and programming.

This new initiative will include a diverse and multifaceted group of creators, delivering expertise and awareness across all major professional sports categories, the sports entertainment and lifestyle space, gambling and fantasy. Among the first group of talent to join The Creator Program are Two-Time House of Highlights Winner and Influencer Jenna Bandy; YouTube sensations, Frank Michael Smith; and Sports Dissected; Sports Animator, Rebound Rewind; Dallas Cowboys super-fan, Laws Nation, among others. 

Upon launch, The Creator Program reaches more than 2M Followers daily across all relevant social media platforms. The full list of creators and links to their social platforms can be found here.

“Based on the initial success that The Game Day is delivering for such advertisers and sponsors as DraftKings, BetFred, FanDuel, BetMGM and others, The Creator Program provides additional opportunities to engage with fans across a myriad of sports categories and audience interests,” said Steve Carey, Co-Founder and COO of The Game Day. “We are true believers in the value of authentic, original user generated content to reach and entertain the current and upcoming generations of sports fans, gamblers, and fantasy enthusiasts. The Creator Program is a win-win for all parties involved — additional monetary opportunities and amplification for our member independent creators and increased engagement, reach and awareness for brands and sponsors.”

Advertisers and sponsors have several category opportunities across the program including: presenting and segment sponsorships, custom integrations, product placements, and promotions and sweepstakes, just to name a few.

As a part of the partnership, The Game Day will remunerate creators monthly (based on size, engagement rate, and monthly growth of their respective channels). The program will enable creators to further build their audiences through integration with The Game Day’s broader network and existing platforms, as well as providing creators access to additional production resources to design content.

Spearheading this initiative is The Game Day’s Director of the Creator Network, Margaret McDonald. Having worked for the National Football League (NFL), Professional Bull Riders (PBR), and Team Whistle, McDonald brings countless years of expertise within the sports media space and most recently has worked with the world’s largest sports influencer, Dude Perfect.

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