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SportPesa signs partnership with F1 team Racing Point

Niji Narayan

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SportPesa signs partnership with F1 team Racing Point
Photo Source: autoweek.com
Reading Time: 1 minute

 

SportPesa, the premier betting platform based in Africa, has signed an agreement with the British Formula 1 team Racing Point. In the process, SportPesa becomes the first online betting company to join hands with Formula 1 team.

Racing Point was earlier known as Sahara Force India. Racing Point cars in the 2019 Formula One season will now sport a SportPesa brand as the title sponsor.

Speaking after the agreement, SportPesa Company Director Adam Beighton reiterated on the importance of the deal.

“Equally important is the platform it provides us, which enables us to stay true to our mission; to build and develop grassroots and professional sport in countries where we operate by bringing new opportunities to local communities,” Beighton said.

On his side, Racing Point CEO and team Principal Otmar Szafnauer welcomed the deal and praised the betting giant for supporting sport.

“We are excited to have such an ambitious partner on board to help us deliver our team mission and look forward to working with them to bring the sport of Formula One closer to fans around the world,” Said Szafnauer.

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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Africa

Nigeria Announces Automated VAT Collection Process on Lottery and Gaming Activities

Niji Narayan

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Nigeria Announces Automated VAT Collection Process on Lottery and Gaming Activities
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The Federal Government in Nigeria has unveiled an automation collection process that would be used to charge Value Added Tax (VAT) on lottery and gaming activities.

The forum, organised by the Federal Inland Revenue Service (FIRS) in conjunction with the National Regulatory Commission (NLRC), had the FIRS Chairman, Tunde Fowler, assure the sector operators that every concern would be addressed and transparently.

“This is not a tax on the business, but on a bettor, who hopes to win. You also have to realise that 85% of VAT goes to the state, which are supposed to be closer to us. In this case, we are all winners.” Also at the event were the Director-General of NLRC, Lanre Gbajabiamila; the representatives of the Senate Committee Chairman on Sports; the Chairman, House Committee on Governmental Affairs; and industry operators.

Speaking at the session, Gbajabiamila stated that lottery and gaming operators collect VAT from users of the industry’s services without remitting such to the government, a situation that results in revenue losses. He also noted that betting slips issued to consumers do not indicate VAT as they should.

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Africa

Nektan Secures B2B Content Distribution Agreement With Sportsbook Platform Provider FSB

George Miller

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Nektan Secures B2B Content Distribution Agreement With Sportsbook Platform Provider FSB
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Nektan plc, the fast-growing international gaming technology platform and services provider, has increased its growing network of commercial partnerships, securing a deal with award-winning sportsbook and omni-channel betting platform FSB to significantly enhance its global games offering. The deal will see Nektan aggregate its premium casino content to FSB’s growing operator network via E-Lite, Nektan’s content distribution platform.

This partnership demonstrates the increasing demand for Nektan’s E-Lite platform and the continuous development of its B2B division, with quarterly revenues increasing 322% YoY, as shown in the recently announced Q3 FY19 trading announcement.

In addition to Europe, the deal will primarily serve FSB’s African operator partners to deliver slots and table games of varying degrees of complexity, throughout the African player base. The integration will support African currencies, along with all mobile operating systems, mobile devices and web browsers used across the continent.

As part of the agreement, FSB’s growing list of global partners, operating across territories including Africa and Europe, will now have direct access to more than 830 HTML5-developed slots and table games from the industry’s leading providers, available across all desktop and mobile devices.

Jane Ryan, Chief Operating Officer of B2B at Nektan, said:“We’re thrilled to be delivering our B2B platform to FSB and its state-of-the-art sportsbook platform. This partnership will enable us to further expand our international reach with a growing portfolio, that is packed full of premium content from the industry’s best-of-breed game studios.

“Our continued focus on enhancing the breadth of content we can deliver sets us apart from our competition and puts us in a very strong position. We look forward to announcing more commercial contracts throughout the coming months.”

Richard Thorp, Business Development Director at FSB, said: “We’re delighted to be integrating Nektan’s E-Lite platform, in what is a very exciting deal for us.

“Our award-winning sports betting platform is highly-regarded and renowned as being flexible, scalable and efficient. This deal will no-doubt help our operator partners in regions including Africa and Europe to instantly enhance their casino offering.”

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Africa

NSoft to attend Sports Betting East Africa Summit

George Miller

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NSoft to attend Sports Betting East Africa Summit
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NSoft is excited to announce its participation on the 5th Annual Sports Betting East Africa Summit scheduled to take place in Kampala, Uganda from 9 – 10 April 2019.

Sports Betting East Africa will bring together leaders in the gambling industry from across Africa and the world to have stimulating discussions about the strategies required to succeed in the sports betting sector.

SBEA 2019 aims to shed light on the newer opportunities and challenges facing the region – be they regulatory, operational or market related, whilst reporting progress on some of the heated discussions and debates that took place last year.

NSoft’s representatives Mr. Davor Konjevod and Drazen Bogadi will be providing opportunity, to interested parties and industry’s stakeholders, to discover NSoft’s product portfolio which includes turnkey solution for managing betting business, retail and omni-channel solutions, Virtual sports betting, Sportsbook, Draw based games and Vision.

Commenting on SBEA attendance Mr. Konjevod says: “ Being on the right spot to hear on East Africa’s greatest challenges, opportunities and technical advancements in gaming software is certainly of NSoft’s interest. We shall use this opportunity to showcase NSoft’s full commitment in providing the best possible service to African market stakeholders. Participation on the panel discussion Moving from multi-channel to omni-channel – The effects on operations, content, payment and services will be an excellent opportunity to share the NSoft’s know-how.”

To read NSoft’s insight on African market, download the industry report on Africa’s Regulatory mapping.
If you wish to schedule your meeting with NSoft’s representatives book a meeting on sales@nsoft.com.

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