Africa
Phumelela Enters Business Rescue
South Africa’s largest horse racing operator, Phumelela Gaming and Leisure, has entered voluntary business rescue to ensure the long-term survival of the company.
Phumelela has not been able to stage race meetings since the end of March due to the lockdown. This has hurt its revenue from racing and betting, the company said in a statement.
“… the best option to ensure the long-term survival of the company and the sport of horse racing, is to implement a business rescue plan,” Phumelela said.
South Africa’s business rescue process, which aims to shield a business from the demands of its creditors while an independent advisor attempts to turn it around, borrows from U.S., British, Canadian and Australian law.
But business rescue is uniquely South African in terms of its timetable, ranking of preference among stakeholders and the involvement of labour.
On March 26, President Cyril Ramaphosa imposed a five-week lockdown to curb the spread of coronavirus. Non-essential activities including sports and entertainment were forced to suspend operations.
Most of the restrictions on leisure, entertainment or anything that requires mass gathering are still in place under a partial lifting of lockdown that was put in place from May 1.
National Horseracing Authority CEO, Vee Moodley, said the industry, “which is on the verge of collapse,” is asking the government to give it permission to resume controlled closed horse racing during level 4 lockdown restriction in order to save the majority of the 60,000 jobs.
WorldMatch has announced that it has secured the certification in South Africa. This important certification, confirms the compliance of all WorldMatch games with the required standards, allowing operations with an already active client in the region.
WorldMatch’s official entry into the South African market marks another step forward in the company’s international growth strategy. Additionally, WorldMatch is currently working on certification for other regions in the country, aiming to strengthen its presence and offer its vast range of innovative games to an increasingly wide audience.
“We are thrilled to announce this new certification, which enables us to bring our cutting-edge gaming offering to the South African market. This is just the beginning of our journey in South Africa, and we are eager to further expand our presence in the country,” said Andrea Boratto, CEO at WorldMatch.
The post WorldMatch Secures Certification in South Africa appeared first on European Gaming Industry News.
Galaxsys is proud to announce that Tower Rush, one of its latest game releases, has secured its second award of Q1, earning the title of ‘Best Crash Game 2025’ at the SiGMA Africa Awards.
Tower Rush continues its award-winning streak, securing the ‘Best Crash Game 2025’ title at the SiGMA Africa Awards.
The SiGMA Africa Awards celebrate leading companies in the iGaming industry, bringing together industry leaders to recognise the year’s top performers. Galaxsys is proud to be among this year’s winners, with its latest release, Tower Rush, receiving the ‘Best Crash Game 2025’ award. In February, it was named ‘Best New Game 2025’ at the AIBC Eurasia Awards, making this its second recognition of the year and third overall.
Hayk Sargsyan, CEO of Galaxsys, shared his enthusiasm and appreciation: “We’re honored and grateful for the ongoing support and recognition. Tower Rush has been a standout success since its launch, and seeing it already win three awards is incredible. This inspires us to keep innovating and setting the bar for ourselves even higher.”
Galaxsys is passionate about developing innovative, engaging, and visually attractive games. Tower Rush exemplifies this dedication, combining dynamic gameplay with interactive design to offer players a thrilling and rewarding experience.
The post Tower Rush by Galaxsys Wins ‘Best Crash Game 2025’ at SiGMA Africa Awards appeared first on European Gaming Industry News.
EGT Digital has been named the “Best Slot Game Provider 2025” by the prestigious SiGMA Africa Awards. At an official ceremony on March 10 in Cape Town, the Bulgarian iGaming provider received the award in recognition of its diverse portfolio of gaming solutions, which enjoy huge popularity in over 50 markets around the world.
“It is a great pleasure and honor for me to accept this prize on behalf of EGT Digital”, said Tsvetomira Drumeva, Head of Sales at the company. “We would like to thank our incredible team, without whom our success would not have been possible, as well as our esteemed partners and friends, who once again gave a high evaluation of our constant pursuit of innovation and player experience improvement. Today is a double celebration for EGT Digital, which has a birthday. What better way to mark it than with this valuable award!”
The SIGMA Africa Awards is an annual competition recognizing excellence in 26 categories. It distinguishes companies or individuals that stand out with exceptional creativity and innovative approach, which are of crucial significance for the progress of the gaming industry.
The post EGT Digital is the “Best Slot Game Provider 2025” according to SiGMA Africa Awards appeared first on European Gaming Industry News.
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