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SportsBetting Growing in South Africa
Wednesday June 12,2013 : SPORTS BETTING GROWING IN SOUTH AFRICA
Mobile and online channels are playing an increasingly important role in growth
The South African branch of sports betting technology provider BetTech Gaming says that mobile and online gambling is playing an increasing role in the growth of South African sports betting, and presents brick and mortar gambling groups with the opportunity to extend operations and increase revenues.
The company references a study by professional services firm PwC, which forecasts that sports betting turnover in South Africa will grow from an estimated R17 billion last year to R24.2 billion in 2016 - a significant increase from 2007 when the figure was around the R 10 billion mark.
The PwC report notes that the opening of legal online sports betting outlets in 2011 in South Africa led to "a surge in turnover" in the overall sports betting market.
Online casino gambling is not yet legal in Africa's biggest economy, but land gambling groups have recognised the potential of online sports betting, with Sun International recently moving to acquire Powerbet Gaming, the owner of Voltbet
Justbet.co.za and Bet.co.za are two South African owned sports betting websites that use the BetTech technology, says chief operating officer Mark Bosman, who reveals that his company has also signed deals in three other African nations.
Bosman says that the growth of mobile accessibility, and in particular in-play wagering, has been a growth driver in African sports betting.
"We see a massively growing trend around web, mobile and live in-play betting, typically around sports such as football," he told Business Day this week. "We have seen that there is massive demand and a growth trend happening in South Africa and Africa for these sorts of products".
BetTech Gaming is funded by 4Di Capital, which was founded by Columbus VC S.A. (a subsidiary of Luxembourg listed investment company Reinet Investments S.C.A.). 4Di Capital’s South African investment advisor is headed by South African businessmen Justin Stanford and Erik van Vlaanderen.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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