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South African Gambling Industry Sees Major Impact Due to COVID-19 Outbreak and Restrictions

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The “The South African Gambling Industry in South Africa 2020” report has been added to ResearchAndMarkets.com’s offering.

South Africa’s gambling industry reported mixed results last year. While the casino segment continued to generate the lion’s share of total gross gambling revenue, its market share declined markedly as bingo, betting and limited payout machines became popular. Online gambling had been increasingly taking share from on-the-ground casinos and other betting outlets. Although casinos generated higher revenues than other forms of gambling, the National Lottery attracted the highest number of players.

Coronavirus: Horse racing and sports events have been cancelled or postponed indefinitely since the coronavirus outbreak, and totalisators, casinos, bingo halls and other gambling establishments have been closed until further notice. While the traditional gambling industry is facing unparalleled losses, online gambling sites have reported a surge in activity since the national lockdown came into effect on 27 March 2020. While online casinos worldwide have reported a sharp increase in gambling, as lockdown periods are extended and financial stresses intensify, analysts say that people may become increasingly hesitant to spend money on non-essential pastimes, such as gambling. There are also concerns about the slow resumption of business at casinos once the lockdown ends.

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This report on the South African Gambling Industry includes comprehensive information on the sector and its subsectors including the lottery, casinos, limited payout machines, bingo and betting including betting on horse racing. There are profiles of 21 companies and national and provincial gambling boards in the sector. Profiled companies include major players such as Tsogo Sun, which completed the unbundling of its hotel division and Sun International, which announced plans to increase its holding in hotel and casino resort Sibaya. Others include Ithuba, which manages the lottery and Phumelela Gaming and Leisure, a major player in horse racing.

Key Topics Covered:

1. Introduction

2. Description of the Industry
2.1. Industry Value Chain
2.2. Geographic Position

3. Size of the Industry

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4. State of the Industry
4.1. Local
4.1.1. Corporate Actions
4.1.2. Regulations
4.1.3. Enterprise Development and Social Economic Development
4.2. Continental
4.3. International

5. Influencing Factors
5.1. Economic Environment
5.2. Illicit Gambling, Fraud and other Criminal Activities
5.3. Regulatory Uncertainty
5.4. Rising Operational Costs
5.5. Technology, Research and Development (R&D) and Innovation
5.6. Negative Social Consequences of Gambling
5.7. Labour
5.8. Environmental Concerns

6. Competition
6.1. Barriers to Entry

7. SWOT Analysis

8. Outlook

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9. Industry Associations

10. References
10.1. Publications
10.2. Websites

Company Profiles

  • Eastern Cape Gambling And Betting Board
  • Egoli Gaming (Pty) Ltd
  • Free State Gambling, Liquor And Tourism Authority
  • Gauteng Gambling Board
  • Gold Circle (Pty) Ltd
  • Hollywood Sportsbook Holdings (Pty) Ltd
  • Ithuba Holdings (Rf) (Pty) Ltd
  • Kwazulu-Natal Gaming And Betting Board
  • Limpopo Gambling Board
  • National Gambling Board
  • Netbet (Pty) Ltd
  • North West Gambling Board
  • Northern Cape Casino Consultants Kairo (Pty) Ltd
  • Northern Cape Gambling Board
  • O L I M P (Pty) Ltd
  • Peermont Global (Pty) Ltd
  • Phumelela Gaming And Leisure Ltd
  • Sun International Ltd
  • Tsogo Sun Gaming Ltd
  • Western Cape Gambling And Racing Board

For more information about this report visit https://www.researchandmarkets.com/r/jaqkvs

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Springbok Casino Honours South Africa’s Strongest Mother’s in the Wild and Gives Away 25 Free Spins

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The post Springbok Casino Honours South Africa’s Strongest Mother’s in the Wild and Gives Away 25 Free Spins appeared first on European Gaming Industry News.

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Africa

Association of Gaming Operators in Kenya Announces New Regulations

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The Association of Gaming Operators in Kenya (AGOK) in partnership with government agencies, regulators and civil society are spearheading a set of proactive initiatives designed to shape the future of the gaming industry and protect innocent Kenyans from addiction to gaming.

In a press release, the Association says nationwide awareness campaigns promoting informed, mindful participation in gaming will be carried out across the country.

Advocacy for tools such as time-out mechanisms, betting and deposit limits will be put in place to ensure a healthy and controlled gaming behaviour among Kenyans.

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“The gaming industry in Kenya continues to evolve rapidly, creating opportunities for economic growth, digital innovation, and employment. However, with this growth comes a heightened responsibility to safeguard the welfare of players, particularly young people and vulnerable populations,” the statement by AGOK’s board reads in part.

“AGOK acknowledges the complex challenges associated with gaming, particularly around mental health, addiction prevention, and ethical standards. These are global concerns which members of AGOK take seriously. They are at the forefront of our agenda.”

The Association furthers contends that all its members operate under a “shared code of conduct” rooted in principles of fairness, transparency and social responsibility.

Among meaningful steps it says it has taken to prevent exploitation and minimise harm include putting into place advanced age-verification systems to block underage access, self exclusion tools that provide options for and permanent restrictions to gaming activities and round-the clock toll free helplines that offer confidential mental health and addiction support.

The regulatory measures comes amid calls to regulate the sector following increase in cases of mental health and some suicide cases attributed to betting.

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The post Association of Gaming Operators in Kenya Announces New Regulations appeared first on European Gaming Industry News.

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Readen Holding Corp Finalises Acquisition of Morrich Lottery Limited

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Readen Holding Corporation, a venture capital specialising in Fintech, Digital Payments and E-commerce, has announced the successful signing of the final agreement to acquire an 80% controlling stake in Morrich Lottery Limited, a fully licensed lottery operator in Nigeria. This milestone marks RHCO’s official entry into the African gaming market — one of the fastest-growing and most promising sectors globally.

With the closing of this acquisition, RHCO now holds active licenses in Nigeria for lottery, sportsbook and casino operations, unlocking access to an estimated $2.5 billion gaming market projected to grow over 9% annually through 2030. This move positions RHCO to become a major international force in regulated gaming, entertainment and fintech infrastructure.

Ridzky Berg, CEO of RHCO, said: “This is more than an acquisition — it’s a strategic launchpad into one of the most dynamic gaming markets in the world. Nigeria’s youthful population, expanding internet access, and growing appetite for digital gaming make this a prime market. With our proven fintech backbone and seasoned leadership, we’re ready to set a new standard for integrated, secure, and user-friendly gaming platforms across the region.”

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The post Readen Holding Corp Finalises Acquisition of Morrich Lottery Limited appeared first on European Gaming Industry News.

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