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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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ComeOn enters into agreement with payment provider Zimpler

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Gaming operator ComeOn, a subsidiary of Cherry AB (publ) – STO: CHER-B.ST, has entered into an agreement with Zimpler, a Swedish payment provider specialized in payments via mobile devices. ComeOn is planning to go live with Zimpler during the first half year of 2019.

Zimpler has recently launched Zimpler GO, an innovative payment solution facilitating deposits as well as quick withdrawals, and an identification of the customer. ComeOn expects the agreement to bring reduced expenses for transactions in 2019.

“We are continuously looking for new ways to offer innovative solutions to our customers therefore we are happy to be able to enter into this collaboration with Zimpler, further strengthening our range of payment options for our Pay and Play sites”, says Lahcene Merzoug, CEO at ComeOn.

“ComeOn has been very successful with their B2C operation. Zimpler’s payment options allows end-customers to choose other payment methods than just bank deposits. We typically see a third of our end-users favor to pay with the card they have saved in the Zimpler Wallet”, says Zimpler’s CEO Kristofer Ekman Sinclair.

 

About Zimpler

Zimpler is one of Sweden fastest growing Fin Tech companies offering innovative payment solutions in Sweden, Finland and Germany. The aim has always been to make mobile payments simpler and to be a really fair company. Today Zimpler’s main product is a modern mobile wallet which gives the user control over their consumption. The company has received awards from Deloitte Fast 50 for two consecutive years and is under the supervision of Swedish Financial Institution.

 

About Cherry

Cherry is an innovative and fast-growing company within gaming, entertainment and media. Established in 1963, today Cherry operates through five diversified business areas: Online Gaming, Game Development, Online Marketing, Gaming Technology, and Restaurant Casino. The Group’s objective is to grow organically in combination with strategic acquisitions of fast-growing companies. Cherry employs some 1,400 people and has about 9,325 shareholders. The Company’s class B share is listed on the Nasdaq Stockholm exchange, Mid Cap segment. More information is available at  www.cherry.se


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: ComeOn enters into agreement with payment provider Zimpler

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Hard Rock International Announces Collaboration with Clean the World

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Hard Rock’s motto of “Save the Planet” rings true as currently participating properties begin efforts to recycle hygiene products for worldwide distribution

Hard Rock International announces an impact collaboration with Clean the World (CTW), a leader in global health dedicated to WASH (water, sanitization, and hygiene) and global sustainability. The brand continues to live up to its “Save the Planet” creed as participating HRI hotels will implement the immediate collection and donation of recycled hotel soap and bottled in-room amenities such as shampoo, conditioner, body wash and lotion, to help fight the global spread of preventable diseases through the distribution of sanitized hygiene kits crafted with these recycled materials.

With headquarters in Orlando and recycling centers in OrlandoLas VegasHong KongPunta Cana and Amsterdam, Clean the World is a social enterprise dedicated to saving millions of lives around the world while simultaneously diverting hotel waste from landfills. On average, more than 3,600 children die every day from hygiene-related illnesses, primarily pneumonia and diarrheal disease, which are two of the top killers of children under the age of 5. This program aims to eliminate the aforementioned crisis, while sustainably discarding waste from participating hotels.

Along with contribution of soaps and recycled amenities, Hard Rock International will implement Clean the World’s “hygiene kit building program” as a group and community engagement activity offered at participating Hard Rock Hotels across the U.S. This hands-on program allows meeting professionals and event planners to incorporate an eco-friendly exercise that promotes team building and group cooperation, while giving back to impoverished individuals and reducing waste.

“The Hard Rock Hotels & Casinos brand is a true leader in CSR through their ‘Save the Planet’ initiative, and we are thrilled to partner with them for a Clean the World Hygiene Kit building event,” says Shawn Seipler, founder and CEO of Clean the World. “These kits give event attendees the opportunity to make a positive impact in the community by serving our local neighbors in need and providing them with necessary hygiene supplies to stay clean.”

“We’re incredibly excited to offer such a positive and philanthropic team-building initiative to the MICE community,” says Danielle Babilino, senior vice president of global sales and marketing for Hard Rock Hotels & Casinos. “One of Hard Rock’s founding mottos is ‘Save the Planet.’ This is an extension of how we live our brand creed through giving back to the communities that our properties reside in.”

Clean the World provides all of the guidance and materials, so attendees can build hygiene kits and donate them to local organizations. Each standard hygiene kit contains soap, shampoo, conditioner, lotion, toothbrush, toothpaste, razor, wash cloth and an inspirational card, however, CTW offers a variety of specialty kits, including a women’s, children’s and veteran-specific hygiene kit. Once completed, the Clean the World Hygiene Kits are donated to a local charity of the property’s choice.

Hard Rock Hotel Daytona and Hard Rock Hotels & Casinos in Tampa and Hollywood were some of the first properties to contribute to the Clean the World’s efforts, with the rest of Hard Rock’s international portfolio finalizing contribution arrangements.

As leaders in gaming, hospitality and entertainment, the iconic Hard Rock brand plans to announce more Save the Planet initiatives, including partnerships with key charity partners sharing the values of the business to help protect the earth’s natural resources and environment.


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: Hard Rock International Announces Collaboration with Clean the World

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The Stars Group’s PokerStars Caribbean Adventure and PokerStars Players No-Limit Hold’em Championship Combine for a $63 Million Prize Pool

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The Stars Group today announced the success of the annual PokerStars Caribbean Adventure (PCA), which immediately followed the first ever PokerStars Players No-limit Hold’em Championship (PSPC), two major live poker tournaments sponsored by its flagship poker brand.

Combined, the PCA and PSPC, which both took place at the Atlantis Resort & Casino in the Bahamas, awarded a total $63 million over 11 days of competition.

“Together, the PCA and PSPC have set a new standard for live events of this kind,” said Rafi Ashkenazi, Chief Executive Officer of The Stars Group. “These tournaments created many winning moments and exciting stories for our players and staff, particularly for Ramon Colillas, who won over $5 million from a free entry. It’s a great start to the year.”

The PSPC took place from January 6 to 10 and was the largest $25,000 buy-in poker tournament in history with a field of over 1,000 players from and a total prize pool of $26.5 million, including $1 million added to the prize pool by PokerStars for first place.

Spanish poker player Ramon Colillas took home the $5.1 million PSPC first-place prize and was one of six millionaires made during the event. Colillas qualified for the PSPC for free as one of 320 PokerStars customers who won a PSPC Platinum Pass during 2018, which in addition to the $25,000 buy-in covered travel and hotel accommodations.

The PCA ended on January 16 and awarded a total prize pool of $36.3 million. The event attracted over 1,600 players representing 79 countries and generated over 11,000 entries. The $10,300 buy-in 2019 PCA Main Event attracted 865 entries, with a total prize pool of $8.4 million and Main Event first place prize of $1.6 million.

The next major live poker tournament on the PokerStars 2019 calendar is the PokerStars-sponsored European Poker Tour (EPT) Sochi, which takes place in Sochi, Russia from March 20 through 29 and is the first stop of the 2019 EPT.


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: The Stars Group’s PokerStars Caribbean Adventure and PokerStars Players No-Limit Hold’em Championship Combine for a Million Prize Pool

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