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South Africa Gambling Industry Report 2022: Current State of the Industry – Casinos and Online Gambling, Limited Payout Machines, Horse Racing and Sports Betting & the Lottery



Reading Time: 4 minutes


The “The South African Gambling Industry 2022” report has been added to ResearchAndMarkets .com’s offering.

This report focuses on the gambling industry and includes information on the state of the industry including casinos and online gambling, limited payout machines, horse racing and sports betting and the lottery. It includes information on influencing factors such as regulation, major players and developments.

There are profiles of 23 companies such as major players in casinos Tsogo Sun Holdings, Sun International and Peermont Global, horse racing operators 4Racing and Gold Circle, lottery operator Ithuba and sports and online betting companies such as Netbet (Sportingbet) and various gambling boards and regulators.

The Gambling Industry in South Africa

The gambling industry is recovering from the loss of business during the pandemic when casinos and bars were shut. However, industry sources say casino and bingo revenues are still below pre-pandemic levels, with the rebound being driven by betting and limited payout machines. The effects of the lockdown resulted in a shift in market share, largely to online betting.

This trend is expected to continue, as the steady decline in the revenue market share of casinos has been going on for years. New products and the borderless online environment bring direct competition to traditional gambling establishments and deprive the country of licensing and tax revenue.


Some of the most popular forms of gambling in South Africa include casino betting, sports betting, and bingo. The industry is growing despite the poor economy, driven by online and sports betting. Illegal online gambling is difficult to monitor and regulate.

The popularity of horse racing has been declining in recent years in favour of sports betting. South Africa’s sports betting sector centres around rugby, soccer, cricket, and horse racing. Bets can also be placed on the top US sports leagues.

Key Topics Covered:


2.1. Industry Value Chain
2.2. Geographic Position
2.3. Size of the Industry
2.4. Key Success Factors and Pain Points

3.1. State of the Industry
3.2. Key Trends
3.3. Notable Players
3.4. Corporate Actions
3.5. Regulations
3.6. Enterprise Development and Social Economic Development



6.1. COVID-19
6.2. Economic Environment
6.3. Illicit Gambling, Fraud, and other Criminal Activities
6.4. Rising Operational Costs
6.5. Labour
6.6. Negative Social Consequences of Gambling
6.7. Technology, Research and Development (R&D) and Innovation

7.1. Competition
7.2. Ownership Structure of the Industry
7.3. Barriers to Entry




11.1. Publications
11.2. Websites

Companies Mentioned

  • 190 Flamingo LLC
  • 3535 LV Corp
  • 3535 LV Parent LLC
  • 4Racing (Pty) Ltd
  • AC Conference Holdco
  • AJP Holdings
  • Anytime Power (Pty) Ltd
  • Aster Insurance Ltd
  • Ballys
  • Baluma
  • Benco Inc
  • Betcoza
  • Betsumor Gaming (Pty) Ltd
  • Betting Information Technology (Pty) Ltd
  • Betting World
  • BI Gaming Corporation
  • Biloxi Hammond LLC
  • Biloxi village Walk Development LLC
  • BL Development Corp
  • Boardwalk Regency Corporation
  • BPP Providence Acquisition Company LLC
  • Burlington Street Services Ltd
  • CA Hospitality Holding Company Ltd
  • Caesars
  • California Clearing Corporation
  • Cassava Investments (Pty) Ltd
  • CG Services LLC
  • CH Management Company Ltd
  • Chester Downs and Marina LLC
  • Chester Facility Holding Company LLC
  • Christian County Land Acquisition Company LLC
  • Cinderlane Inc
  • Consolidated Supplies Services and Systems
  • Corner Investment Company Newco LLC
  • Cromwell Manager LLC
  • CZL
  • Dagger Holdings Ltd
  • DCH Exchange LLC
  • DCH Lender LLC
  • Des Plaines Development Ltd Partnership
  • Desert Palace Inc
  • Durante Holdings LLC
  • East Beach Development Corporation
  • Eastern Cape Gambling and Betting Board
  • Edward Cavendish and Sons (Pty) Ltd
  • Egoli Gaming (Pty) Ltd
  • Emerald Safari Resort (Pty) Ltd
  • Euphorbia (Pty) Ltd
  • Ezeefun (Pty) Ltd
  • FHR Corporation
  • FHR Parent LLC
  • Flamingo
  • Foothills Trading and Investment (Pty) Ltd
  • Free State Gambling, Liquor and Tourism Authority
  • Galaxy Bingo
  • Gauteng Gambling Board
  • GB Investor LLC
  • GCA Acquisition Subsidiary Inc
  • GNOC Corp
  • Gold Circle (Pty) Ltd
  • Golden Nugget Club Ltd
  • Grand Coffee House (Pty) Ltd
  • Grand Foods Bakery (Pty) Ltd
  • Grand Ice-Cream (Pty) Ltd
  • Grand Media Buying Inc
  • GRIPP Advisory (Pty) Ltd
  • HAC CERP Manager LLC
  • Harrah South Shore Corporation
  • Harrahs
  • Harveys
  • HBR Realty Company Inc
  • HCI
  • HCR Services Company Inc
  • HEI Holding
  • HET International
  • HHLV Management Company LLC
  • HIE Holdings
  • HLV CERP Manager LLC
  • Hole in the Wall LLC
  • Hollywood Sportsbook Holdings
  • HTM Holding Inc
  • Interbet (Pty) Ltd
  • Ithuba Holdings (RF) (Pty) Ltd
  • JCC Holding Company II Newco LLC
  • Jeddler Investments (Pty) Ltd
  • JGB Vegas Retail Lessee LLC
  • Johnnies Strategic Investment Holdings Ltd
  • Kaapse Wynprodusente Vereniging (Pty) Ltd
  • Koval Holdings
  • KwaZulu-Natal Gaming and Betting Board
  • La Concorde
  • LAD Hotel Partners LLC
  • Lakama Resorts and Casino (Pty) Ltd
  • Las Vegas Golf Management LLC
  • Las Vegas Resort Development Inc
  • Laughlin CERP Manager LLC
  • Laundry Parent LLC
  • Lexshell 94 General Trading (Pty) Ltd
  • Lifeboat Inc
  • Limitless Angel Fund (Pty) Ltd
  • Limpopo Gambling Board
  • Listed Investments (Pty) Ltd
  • London Clubs
  • LVH Corporation
  • LVH Parent LLC
  • Martial Development Corporation
  • Monte Cinemas (Pty) Ltd
  • National Casino Resort Manco Holdings (Pty) Ltd
  • National Gambling Board
  • Netbet (Pty) Ltd
  • Nevada Marketing LLC
  • Niveus Invest11 (Pty) Ltd
  • North West Gambling Board
  • Northern Cape
  • O L I M P (Pty) Ltd
  • Ocean Showboat Inc
  • Octavius Linq Holding
  • OCZ Holdings Pte Ltd
  • Parball LLC
  • Parball Parent LLC
  • Paris CERP Manager LLC
  • Paris Las Vegas Operating Company LLC
  • Park Place Finance ULC
  • Peermont Global (Pty) Ltd
  • PH Employees Parent LLC
  • PHW
  • Playboy Club (London) Ltd
  • Players Bluegrass Downs Inc
  • Players Development Inc
  • Players Holding LLC
  • Players International LLC
  • Players LC LLC
  • Players Maryland Heights Nevada LLC
  • Players Resources Inc
  • Players Riverboat
  • Players Services Inc
  • Pocatello Investments (Pty) Ltd
  • Quad Manager LLC (The)
  • R A Corporate Services (Pty) Ltd
  • Reno Crossroads LLC
  • Reno Projects Inc
  • Rio CERP Manager LLC
  • Rio Development Company Inc
  • Robinson Property Group Corp
  • Roman Entertainment Corporation
  • Romulus Risk and Insurance Company Inc
  • Showboat
  • Slots and Keno Ltd
  • Sofiline (Pty) Ltd
  • Sportsman Club Ltd (The)
  • Sterling Suffolk Racecourse LLC
  • Sun International
  • Sunwest Tote (Pty) Ltd
  • Supabets (Pty)
  • Supaworld Gauteng (Pty) Ltd
  • SW Security and Fire Solutions


IPO Bound Yudiz Solutions Limited gets DRHP Nod



Reading Time: 2 minutes


IPO-bound Yudiz Solutions Limited, a blockchain, AI and gaming-focused enterprise technology company has received an NSE approval for an SME IPO. With this approval, the company is set to invest approximately 80 million INR to set up a gaming studio and a multi-gaming platform. The game studio will aim to produce over 40 games in a year.

Yudiz Solutions Limited, which is already known to develop apps, will now be the first game developers to be publicly listed and have its own publishing platform.

* The DRHP approval makes it the first game developers in India to be publicly listed

* The gaming studio will aim to produce over 40 games annually

* Will be the first game developers to be publicly listed

The new Yudiz Solutions Limited game studio will focus on creating high-quality games for multiple platforms. These games will leverage Yudiz Solutions Limited’s cutting-edge technology solutions and in-house expertise to design and develop the games. They will also develop games for other publishers and will also allow other developers to publish games on their new publishing platform. This will be the only gaming company to develop and publish their own and others’ games as well.

“The new business ventures will enable sectoral growth, provide us with the necessary resources to drive innovation, expand our game portfolio, elevate the gaming experience and develop gamer communities,” the Chairman and Director for Yudiz Solutions Limited, Bharat Patel, said. “It will also enable us to forge strategic partnerships, attract top talent and cement our position as strong contenders in the space.”

With an EBITDA of 21.77% for FY 22-23 and a CAGR of 42.34% for the past three years, Yudiz Solutions Limited also had a PAT of INR 2.75 CR in FY 22-23. With the recently approved DRHP the company will offload a public issue consisting of a fresh 27,17,600 equity shares.

Yudiz Solutions Limited is headquartered in Ahmedabad and recognized as a global IT service providing solutions in AI/ML, AR/VR and IoT as well as blockchain, mobile app and web development across North America, Europe and Asia. Yudiz Solutions Limited is set to disrupt the market with its innovative solutions and products. MPL, Zydus, RR Kabel, IRM Energy, SportsBuzz are some of its clients.

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KingMakers goes live with EveryMatrix CasinoEngine



KingMakers goes live with EveryMatrix CasinoEngine
Reading Time: < 1 minute


KingMakers’ betting brand BetKing, has gone live with CasinoEngine, giving Nigerian players access to the industry’s largest casino content library through a single integration.

EveryMatrix’s iGaming platform will aim to significantly grow BetKing into a world-class, multi vertical, digital entertainment experience with access to an ever-growing portfolio of thousands of best performing games.

BetKing will also integrate JackpotEngine and BonusEngine to further boost the gaming experience through flexible and configurable jackpot customisation and a variety of industry-leading player reward and bonus management features.

Nigeria’s total onshore online betting and gaming gross win for 2023 is estimated to be €560 million, according to H2 Gambling Capital, with the onshore market predicted to double in three years.

Stian Enger, Head of CasinoEngine, EveryMatrix, said: “The sky’s the limit in terms of potential for BetKing and we’re very excited to go live and accelerate the brand’s casino growth in the months and years to come.

“The brand has leading sports betting market share and I’m confident that in a short space of time the same will be said for casino thanks to the power of CasinoEngine and its best-in-class acquisition and retention capabilities.”

Lauren Holder, Head of Gaming at KingMakers, said: “From signing the deal six months ago to go live has been a very smooth process and it’s been a pleasure working with our partners at EveryMatrix.

“The Nigerian and wider iGaming African market is an area we believe has huge promise and, together with EveryMatrix’s leading productivity platform and the wide variety of flexible content options and revenue boosting functionality it offers, we believe the opportunities are endless.”

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IAGR Opens Registrations for 2023 Conference in Botswana



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The International Association of Gaming Regulator (IAGR) has opened registrations for its annual conference, taking place in Gaborone, Botswana, from 16 to 19 October.

With the theme “Bringing ideas together: The exchange of excellence and innovation in regulatory practice,” this year’s event is hosted by the Botswana Gambling Authority.

“IAGR 2023 is a four-day event for IAGR members and industry thought leaders, bringing together regulators, industry leaders, and experts to share ideas and shape the future of gaming regulation worldwide,” Jason Lane, President of IAGR, said.

The conference follows last year’s sell-out event in Melbourne, Australia.

“We are honoured to host IAGR 2023 in Botswana and look forward to welcoming our global peers from around the world to our beautiful country,” Peter Kesitilwe, CEO of the Botswana Gambling Authority, said.

“We’re committed to ensuring that all participants have a rewarding and memorable experience.”

IAGR has announced two speakers and topics for the conference, with more to follow in the coming weeks.

  • Earle G. Hall – Chairman, International Gaming Standards Association & CEO, “Artificial intelligence will transform our industry”
  • Andrew Rhodes – CEO, United Kingdom Gambling Commission: “Impact of the Gambling Act Review”

Early-bird pricing is available until 15 June.

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