Tag Archives: South Africa

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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BtoBet: Transforming the South African iGaming industry into a model for Africa

Copyright: rawpixel / 123RF Stock Photo

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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Winning Post: Is South Africa set to become racing’s next dodo?

Back from its summer break, industry strategic consultancy Regulus Partners addresses the immediate challenges currently facing the racing industry in South Africa, which from the outset appears to be following a similar pattern to racing in the UK, France, US and (to an extent) New Zealand. South Africa’s Flamingo Park racecourse, known to South African and International bettors alike for …

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Racing Post confirms bet365 as first customer of its international content API

Racing Post has confirmed leading online bookmaker bet365, as the first customer of its newly launched ‘international racing content’ API, which allows betting stakeholders to significantly broaden their racing inventory, showcasing all major racing jurisdictions across the globe. The announcement sees bet365 deepen its existing content partnership with Racing Post, choosing to gain in-depth information on South African racing, such as racecards, …

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OPTIMA hits compliance high points for GLI-33 certification

OPTIMA

OPTIMA has achieved Gaming Labs International (GLI) certification GLI-33 for its OPTIMAMGS™ sports betting and gaming system. Meanwhile, the award-winning betting technology supplier also secured GLI certification to service the re-regulated gambling market in Sweden, after passing special checks around player protection and self exclusion systems. This Swedish go-ahead arrives just a week after the company obtained the certification to …

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