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Why the African gaming sector is BiG business in 2019 – BiG Africa Supershow 2019

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South Africa

In 2015, PwC South Africa’s senior manager; Sanchia Temkin reported in the annual gambling sector outlook that gaming industry revenues are expected to make a massive rise to R30 Billion (USD$2,17 Billion) in 2019. In later editions of the report in 2017 drafted by Pietro Caliccio and Yolan Naidoo, we see that the predicted rise grew even further to R31 Billion for 2019, which shows that the gaming industry growth is faster than initially thought.

With the 2018 Gambling Outlook still not publicly available, one can only wonder why the gambling industry is performing much better than expected? And whether it will continue this growth trend.

In a more recent report compiled by Gauteng Gambling Board in Nov 2018 titled Latest Gambling Stats, there is one indicator that stands out above the rest. In April 2017, the number of gaming machines (LPM’s) at registered route operators went from 1394 machines to 2266 in the province. If similar growth was experienced in all 9 provinces, then this could give one possible reason why growth predictions in 2017 may have increased by an extra billion rand as new sites and machines are being introduced into the market.

 

Nigeria

However, growth in Africa is not limited to LPM’s and South Africa. Online sports betting has seen tremendous growth in Nigeria. After years of penetrating the market, mobile payment is now starting to create even more massive gains for online sports betting operators. Lagos State Lotteries Board CEO – Seun Anibaba reported to Reuters in June 2018 that growth in the sports betting sector has been matched by a rise in web payments, according to data from the Nigeria Inter-Bank Settlement System (NIBSS), which is owned by the central bank and licensed banks.

In 2016, there were 14 million web payments worth a total 132 billion Naira ($420 million). Transactions soared to 29 million worth 185 billion Naira in 2017 and in the first quarter of 2018, there were already 10 million mobile transactions worth 61 billion Naira. If we are to assume that the growth plateaued after the first quarter and simply multiply the first quarter figures by 4, that would make the online sports betting sector in Nigeria worth around 244 billion Naira ($620 million) in 2018. That’s an extra $100 million annual increase since 2016, but it is highly likely that growth continued its trajectory skyward making it worth much more.

 

Kenya

Kenya’s growth in the Sports betting sector may have stabilised for now, but with 5G broadband cable on its way down the Eastern side of the African continent, its safe to assume that online sports betting and mobile payment will become even faster and more efficient resulting in increased growth. Also, Kenya is one of the most internet connected countries in Africa and the planet with around 80% of its population having access to the internet.

Sports betting is and always will be the crowned jewel of Kenya’s gambling sector. With major giants such as SportPesa starting up and attaining industry titan status within its birthplace of Kenya. Online sports betting, of course, is the not so secret weapon in SportPesa’s arsenal.

Unfortunately, it hasn’t been all good news in Kenya for the last 2 years as legislators have increased gambling taxes on operators (GGR) whilst simultaneously increasing the age restriction on gambling from 18 to 25. To make matters worse, a large chunk of Kenya’s population falls into the 18-25 age group as Kenya – like most of Africa – has a young population. The effect of both legislative reforms has collided resulting in dramatically reduced growth in the gambling sector.

 

Conclusion

Gambling revenue in Africa continues to grow despite slow economic growth in the region forecasted for much of Africa. Entering the African market is most certainly An intelligent decision for any operator or service provider.

However, Africa is a very complex market that requires much research, information, planning, and networking before making the leap to the new land of opportunity. This is why Eventus International has spent months researching the most relevant and beneficial topics and discussions for the BiG Africa Supershow 2019.

Taking place at Emperors Palace, Johannesburg, South Africa from 25-26 March 2019, the summit will bring Africa’s leading experts in the gambling sector together to discuss the techniques needed to understand the African market and grow the success of your business.

Eventus International has spent over 6 years hosting successful summits and growing our international network of gaming sector professionals to give you all the insight and contacts you need to survive and thrive in Africa. We are your gateway to the African market

Seats are selling out fast! Register for the BiG Africa Supershow now!

Register: https://www.bigafricasummit.com/

Contact our Marketing Director about sponsorship and exhibition packages

Lou-Mari Burnett

Marketing Director

Eventus International

Email: loumari@eventus-international.com

Phone: +27829075850

Sources:

https://www.pwc.co.za/en/assets/pdf/gambling-outlook-2015-2019.pdf

https://www.pwc.co.za/en/publications/gambling-outlook.html

https://www.cnbcafrica.com/news/west-africa/2018/06/25/nigeria-sport-betting/

https://www.ggb.org.za/

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PAGCOR Press Statement on Quezon City’s insistence to impose casino entry fees

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PAGCOR Press Statement on Quezon City's insistence to impose casino entry feesReading Time: 2 minutes

 

As Quezon City Vice Mayor Joy Belmonte continues to insist on the imposition of entrance fees to Quezon City residents who wish to play in casinos and other gambling facility in the area, the Philippine Amusement and Gaming Corporation (PAGCOR) underscores several cases and provisions that cite the supremacy of national government over local government units.

First, in “Basco vs. PAGCOR (1991)”, wherein the City of Manila filed a case seeking to annul the PAGCOR charter, the court ruled that Presidential Decree (P.D.) 1869 waived the right of the city to impose taxes and fees. The court decision cited that the power of the local government to impose taxes and fees “is always subject to limitations which Congress may provide by law.”

It furthered that P.D. 1869 remains an operative law, until amended or repealed.

Another case, “City of Cagayan de Oro vs. Pryce and PAGCOR (1994)”, cited that ordinances should not contravene a statute that is obvious. It stated that “municipal governments are only agents of the national government; and local councils exercise only delegated legislative powers from Congress as the national law-making body.” Hence, local government units cannot be superior to Congress from which they derive their powers.

The third case, “Herbert Bautista vs. PAGCOR (2016)”, cited that under its Charter, PAGCOR and its agents are exempted from paying local taxes as P.D. 1869 Section 13 provides that “no tax of any kind or form, income or otherwise, as well as fees, charges or levies of whatever nature, whether national or local, shall be assessed and collected under this Franchise from the Corporation nor shall any form of tax or charge attach in any way to the earnings of the Corporation, except a franchise tax of five percent of the gross revenue or earnings derived by the Corporation from its operation under this franchise.”

The entry fees on the city residents who will enter the casino which the Quezon City local government is contemplating on imposing, takes the form of “tax” because of its nature to generate revenues.

However, if the purpose of the imposition of entry fees is to discourage citizens to frequent gaming facilities, such practice is an obvious exercise of police power, and in fact, an encroachment on the function of a national regulatory entity.

PAGCOR, having been granted by Congress with the power to regulate gambling, has the authority to determine the rules and regulations that may deem fit in the regulation of the gaming industry.

If PAGCOR does not find it necessary to impose entrance fees to its clients, then Quezon City’s local government cannot supersede this even if it claims that the imposition of entry fees is only applicable to their constituents.

Besides, if the local government of Quezon City believes that doing such is tantamount only to “safeguarding the welfare of their people”, why did it grant so many Letters of No Objection (LONOs) and Resolutions of No Objection (RONOs) to bingo and other electronic gaming sites in Quezon City?

As of February 28, 2019, there are 97 electronic gaming sites in Quezon City. Of this number, 63 are bingo sites and 34 are eGames gaming sites. This figure does not include the LONO and RONO granted by Quezon City government to Solaire Resort and Casino.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: PAGCOR Press Statement on Quezon City’s insistence to impose casino entry fees

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Blackstone to acquire Ukrainian gaming development company

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Blackstone to acquire Ukrainian gaming development companyReading Time: 1 minute

 

The Blackstone Group LP, a US-based investment and asset management company, is all set to acquire Murka Ltd and Murka Entertainment Ltd, an Unranian company that develops unique social and mobile games. The Blackstone Group has already informed Cypriot Commission for the Protection of Competition about the plan.

Murka, established in 2011, is known for its social-casino games like Slots Journey, Slots Journey 2, TX Poker, S & H Casino, Vegas Slots, Royal Fortune Slots, Bubbla Cadabra and Scatter Slots.

These games, where real money cannot be won, exist as mobile apps and on Facebook. Publisher of social casino games earns money via selling in-game content and/or advertising. According to various data, the global social casino market in 2018 brought publishers from $ 3.2 billion in total to $ 3.46 billion on mobile platforms.

Currently, over 100 people work in the Kiev, Dnipro and Lviv offices of Murka. The company has not commented the conditions of the upcoming transaction yet.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Blackstone to acquire Ukrainian gaming development company

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Philadelphia developer Bart Blatstein to re-open casino at Atlantic City site

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Philadelphia developer Bart Blatstein to re-open casino at Atlantic City siteReading Time: 1 minute

 

Philadelphia developer Bart Blatstein has announced his plans to re-open a casino at Atlantic City that was closed in 2014. Blatsetein owns the Showboat which has been functioning for three years as a non-gambling hotel.

When this happens, this will be the 10th casino at Atlantic City. In 2014, the City had 12 casinos. The competition from neighbouring states forced the closure of the four of them. The state Casino Control Commission has given Blatstein preliminary approval to apply for a casino license. He strongly believes in the potential for another casino.

“There are 104 casinos in Las Vegas in the middle of nowhere,” Blatstein said. “We have nine casinos well within a short trip from one-third of the nation’s population. The market is looking for something different.”

Blatstein said he has a casino concept in mind but would not reveal it. A report from the state Division of Gaming Enforcement says Blatstein plans to convert the property’s bus depot into a family entertainment centre and that he intends to offer a full range of slot machines, table games, sports betting, and internet gambling.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Philadelphia developer Bart Blatstein to re-open casino at Atlantic City site

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