Tag Archives: South Africa

James Everett: Why Africa is a home away from home for BetGames

Africa

The Lithuanian-based BetGames has expanded into territories across the globe, such as the UK, Malta, Latvia, Estonia and Italy. However, the company’s most prominent area of success has been Africa, more specifically the South African market.  Speaking to SBC News, BetGames’ Sales Director James Everett elaborates on how and why the region has become such a successful voyage for the …

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Betway becomes first betting partner of Springboks Rugby 

Betway has signed a ground-breaking agreement with South African Rugby (SA Rugby) to become an ‘associate partner’ of the Springboks national team.  Securing a three-year partnership, Betway has become the first betting operator to partner with SA Rugby – an agreement that will see its brand promoted on the matchday shorts of the Springboks from September onwards. SA Rugby Chief …

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Ramaphosa orders investigation of South Africa’s National Lotteries Commission

Cyril Ramaphosa, President of South Africa, has signed an executive order authorising the Special Investigating Unit (SIU) to probe alleged corruption and maladministration of the National Lotteries Commission (NLC). Signed by President Ramaphosa on 20 October, the order came into effect when it was published in the Government Gazette on 6 November. The Special Investigating Units and Special Tribunals Act’s …

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Know Your Player… African betting can transition to risk-based-approach 

Meeting an increase in consumer demand and operating scale across multiple markets, African operators are being pressured to significantly upgrade their customer KYC provisions. The ‘Know Your Player’ panel at the SBC Digital Summit Africa observed that African betting will have to overcome ‘distinct market peculiarities’ in order to find a common approach on KYC as a corporate discipline. Robert …

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Betfred bid for bankrupt Phumelela refused

Betfred is reported to have been rejected in its last-minute attempt to acquire bankrupt South African heritage wagering and racetrack operator Phumelela Gaming & Leisure.  South African racing news sources reported that Phumelela’s bankruptcy auditor refused to review Betfred’s ZAR 900 million (€45m) counteroffer submitted at the end of August as Phumelela closed its window for rescue proposals.  Stating its …

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Betfred counters Oppenheimer bid in race to rescue Phumelela

South African business news sources report that Betfred is preparing a counter-offer ranging between ZAR 875-to-925 million (€44-46m) to acquire embattled heritage wagering and racetrack operator Phumelela Gaming & Leisure.  Forced to close its venues due to coronavirus restrictions last May, Johannesburg high court placed Phumelela assets under bankruptcy protection, allowing the company to seek investors to avoid outright liquidation. …

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Betway takes sponsorship of South African Cricket teams 

Betway has come to the rescue of Cricket South Africa after becoming the lead sponsor of its One Day International (ODI), T20 and Test Series teams. Securing a three-year sponsorship arrangement, Betway will replace Standard Bank, who in April triggered a contract break clause terminating its partnership with Cricket South Africa. Standard Bank chose to break its contract with Cricket …

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South Africa targets 1 May to resume racing

Racing authorities across South Africa have outlined new plans to resume racing on 1 May, following the government’s decision to extend the country’s COVID-19 lockdown until the end of April. The target date was confirmed after ‘numerous meetings’ between racing operators, the Racing Association and the National Horseracing Authority over the Easter weekend. In a statement issued by the NHA …

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BetConstruct sets November date for Gbets South Africa launch

Gbets

BetConstruct will launch its sportsbook with Gbets in South Africa before the end of the year after securing the necessary certification from the The Western Cape Gambling and Racing Board. The fully managed sports betting solution was developed under BetConstruct’s National Manufacturer licence for the country, while the Letter of Certification by the province’s board was based on a report …

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InsiderSport: On The Ball – China to host 2021 FIFA Club World Cup

From sponsorship to the ever-expanding world of football media coverage, when it comes to the business of football, InsiderSport has you covered. This week’s OTB reports on the latest MLS expansion franchise, FIFA’s Club World Cup announcement and Amazon’s latest fly-on-the-wall documentary featuring Tottenham Hotspur.  FIFA awards hosting rights of the 2021 Club World Cup to China China PR has …

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