The pursuit of the perfect payout process for a gaming operator can “stutter” if the payment service provider (PSP) struggles to adapt to new markets. That’s according to Paloma González Mascaraque, Head of Payments at BetConstruct, who joined a panel on ‘Payments in emerging markets’ at this year’s PaymentExpert Forum (18 September) – held as part of the Betting on …
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Nigerian bookmaker SureBet247 will deliver a complete local and international sports betting experience including live sports events, online and live casino, jackpots, special bets and virtuals after striking a long-term multi-channel deal with BtoBet. The deal will see the Nigerian licensee integrate BtoBet’s Neuron platform to all its channels, which also encompass circa 1500 betting facilities in the country, making …
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“Severe consequences” are on the horizon for Kenya’s sporting sector and betting revenue following the announcement that both SportsPesa and Betin will cease operations within the country. The move follows on from a lengthy standoff with the Kenyan government regarding a change to a legal bill which saw a 20% tax increase on game, betting, and lottery winnings. SportsPesa released …
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South Africa (SA) is deemed by many industry experts as the greatest opportunity when it comes to the gambling industry in Africa. The country is, according to BtoBet Chairman Alessandro Fried, way ahead of its neighbours in terms of technological infrastructure. All factors are indicating that should the country introduce a legal framework and regularise its online market, the chances …
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1xBet has reacted to customer demand by moving a growing set of political betting markets to a different section of its B2C website. The new section of the website, said the company, was prioritised after users showed particular interest in the political betting markets on offer, while the layout has been “designed to be as informative and user-friendly as possible”. …
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The Kenyan regulator has decided to reinstate Betway’s operator licence after the bookmaker had agreed to introduce a controversial 20% tax on sports betting winnings. Kenya’s Betting Control and Licensing Board (BCLB) announced the tax this week, and has since reinstated Betway’s licence after a month-long absence from then Kenyan market. Previously, the 20% tax was only applicable to the …
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Having passed the five criteria against which it assesses new target markets, Betinvest is ready to make its move in Nigeria – by far Africa’s most populous country. However, while upwards of $5 million is spent on sports betting each day, the market is still under-prepared on the online side – only 46 per cent are mobile internet users despite recent …
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SportPesa has lost its Nairobi High Court appeal in relation to the bookmaker overturning its licence restrictions sanctioned by Kenya’s Betting Control & Licensing Board’s (BCLB) this July. The bookmaker at the forefront of the Kenyan government’s betting industry dispute related to unpaid taxes on player winnings had moved to challenge the BCLB’s decision not to renew its operator licence, …
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Sportingtech has increased its African market share by closing a deal with MENA Sports Consulting, trading as BetOn in Uganda. BetOn will be running off Sportingtech’s multi-management platform, Pulse, which combines sports, technology, casino games and betting into a single solution. The Sportingtech platform is available through online, mobile and retail, utilising key features such as risk analysis tools, content …
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Kenyan football is involved in the escalating tax dispute between the Uhuru Kenyatta government and the betting industry, after SportPesa – the title sponsor of the Kenyan Premier League (KPL) – confirmed that it has terminated all national sports sponsorships. Closing Friday trading, SportPesa issued a media statement confirming that it would withdraw all sports sponsorships, as it had been ‘subjected to punitive …
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