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Sunbet Launched

Wednesday November 27 ,2013 : NEW SOUTH AFRICAN SPORTS BETTING SITE
 
Sun International has launched a new sports betting platform, branded Sunbet.
 
The Sun International hotel and casino group identified sports betting as a market with growth potential earlier this year, acquiring Powerbet Gaming, which owned and operated Voltbet.com, for Rands 30 million .
 
Voltbet has now been rebranded as Sunbet and relaunched, with Sun International exec Michael Farr saying Thursday that it would be marketed to South Africans, and would help accelerate the group’s entry into online gaming.
 
"The sports betting industry is in its infancy and offers high growth potential," Farr said at the relaunch in Johannesburg.
 
"It seems likely that, in time, online gaming will be legalised in South Africa and we believe this business will position us well for when this happens, both in terms of track record and in understanding our guests’ online preferences."
 
In South Africa it is still illegal to gamble online with the exception of sports betting, although a legalisation measure has been batted about by politicians for years after extensive research and discussion on the issue.
 
The National Gambling Amendment Act of 2008 legalised interactive gambling but has not yet been adopted, and questions remain on how online gambling will be regulated.
 
"Many South Africans would like to bet on their favourite teams or individuals, but don’t necessarily gamble in [land] casinos. Sunbet gives them the platform to do just that," said Farr.
 
The Business Day newspaper reports that a study by the independent business services group PwC titled Gambling Outlook Report for 2013-17, found that sports betting is becoming increasingly popular in South Africa, with gross gambling revenue rising 71.3 percent in 2012.
 
Between 2009 and 2012, gross gambling revenue for sports events rose 566 percent, compared with a 16 percent increase for horse racing in the same period.
 
Sports betting, with horse racing included, accounted for 12 percent, or Rands 2.6 billion, of the total SA gambling revenue in 2012 of Rands 20.9 billion, second only to casino gambling, which contributed Rands16.4 billion in the same year.
 
There are now more than 400 betting shops and more than 300 sports books in South Africa. It is expected that within the next five years, wagering on sporting events will overtake betting on horse racing.
 
Sunbet will also allow South Africans to bet on non-sports competitive events such as Idols, the television reality show.
 
"We will give customers the option to bet in current pop culture, betting on odds like ‘Who will win the 2013 Pop Idols?’ or ‘What colour dress will Charlize wear to the Oscars?’" Farr said.
 
Sunbet will offer sports betting in rugby, cricket, soccer, tennis and US sports, as well as English football, and negotiations are under way to include horse racing.



Gambling News :

Oink Country Love Slot Launches - Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.

Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

Kung Fu Rooster Slot Goes Live - Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.

Sensational Sixes Slot Goes Live - Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!

3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

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