Africa
Meridianbet (Golden Matrix Group) Granted South African Sports-Betting License
Golden Matrix Group, a leading developer and licensor of online gaming platforms, systems, and gaming content, has announced that its subsidiary, Meridianbet, has been granted a sports-betting license in South Africa.
The Western Cape Gambling and Racing Board issued Meridianbet a Bookmaker License, a Bookmaker Premises License and a Manufacturer License.
These licenses will enable Meridianbet to operate online sports betting across South Africa, showcasing the company’s regulatory compliance and fit-and-proper status within South Africa’s stringent licensing regime. The Manufacturer License also permits Meridianbet to license its proprietary sports betting software within the Western Cape region.
Expansion into South Africa
“We are thrilled to enter the South African market, and this new license presents a significant opportunity for us to continue to scale our operations,” said Zoran Milosevic, CEO of Meridianbet. “Expanding our reach into South Africa will provide new opportunities to grow our user base in an entirely new jurisdiction, underscoring our ongoing commitment to growing our industry-leading brands around the world.”
A Growing Market
The South African digital gambling market has exhibited significant recent growth, with total revenue projected to reach $828.50 million by the end of 2024, according to Statista. The market is expected to grow at a compound annual growth rate (CAGR) of 5.77% from 2024 to 2029, resulting in a projected market volume of $1.1 billion.
Market Impact and Economic Contribution
This market expansion supports Meridianbet’s consistent operational growth and dedication to innovation within the global iGaming sector. The South African market is positioned as a significant player in the global landscape, with the sports-betting sector contributing significantly to the country’s economy, accounting for 50% of gross gambling revenue. In the 2023 fiscal year, gross gambling revenue (GGR) in South Africa totaled $2.42 billion, according to Moneyweb.
Africa
GoldenRace’s Virtual Sports now available on Pepeta
GoldenRace, leading provider of Virtual Sports and betting solutions, is thrilled to announce a new partnership with Pepeta, one of Kenya’s fastest-growing online gaming platforms.
GoldenRace’s Virtual Sports are about to make a big splash in the Kenyan market, where the company already enjoys a strong presence across Africa. With this exciting collaboration Pepeta’s players will now have access to the full range of GoldenRace’s popular games, including their famous Virtual Football.
John Mutua, General Director at Pepeta, said: “Pepeta is fast establishing itself as a major player in the Kenyan betting industry, known for its commitment to providing an easy and outstanding user experience with quality game content being the bedrock of this. The introduction of GoldenRace and their impressive lineup of games is a perfect compliment to our brand and is a great step in further enhancing our games offering so as to attract a diverse range of players. We look forward to working together to deliver exceptional entertainment to all who play at Pepeta.”
Pepeta users can now enjoy a wide range of GoldenRace’s Virtual Sports and Games, including Virtual Football, Basketball 3×3, Historical Horse Racing, Greyhound Racing, and more!
“We’re excited to partner with Pepeta, a brand that’s quickly growing in Kenya,” said Martin Wachter, CEO & Founder of GoldenRace. “Kenyan players will love our Virtual Football. Plus, with our In-shop Mobile solution, betting gets even easier. Players can bet right from their phones in the shop, with no lines. It’s a huge win for everyone.”
Africa
NSoft Enters South African Market Through Exclusive Partnership with Intelligent Gaming
NSoft, a top-tier aggregator of content and leading provider of innovative gaming solutions, is delighted to announce its exclusive partnership with Intelligent Gaming to bring its state-of-the-art products to the South African market.
Recognized as one of the world’s most promising emerging regulated markets, South Africa’s gaming industry is set to benefit from NSoft’s extensive portfolio, including Sportsbook (Prematch and Live), Lottery, and Virtual Games. This strategic collaboration with Intelligent Gaming has enabled the deployment of NSoft’s advanced Stark T-1000 terminals, currently operational with five major operators across the country. NSoft extends its appreciation to Intelligent Gaming for their commitment and expertise in facilitating this significant milestone.
Building on this success, NSoft eagerly anticipates the imminent integration of its Casino games into Intelligent Gaming’s aggregator platform, further enhancing the gaming experience available to South African operators and players.
Marko Golemac, Sales Manager at NSoft, said: “We are thrilled to enter the South African market through this exclusive partnership with Intelligent Gaming. South Africa represents a key market in our global expansion strategy, and Intelligent Gaming’s profound market knowledge and network make them the perfect partner. We are confident that our cutting-edge products, including the Stark T-1000 terminals and our comprehensive gaming portfolio, will resonate well with operators and players alike. We eagerly anticipate the addition of our Casino games to their aggregator, which will further solidify our presence in this dynamic market.”
Marc Plaxton Harrison, Managing Director at Intelligent Gaming, commented: “We are excited to partner with NSoft, whose innovative solutions and commitment to excellence align perfectly with our mission to deliver the best gaming experiences in South Africa. The introduction of NSoft’s Sportsbook, Lottery, and Virtual Games, along with the Stark T-1000 terminals, provides our network of operators with compelling new offerings. We look forward to the upcoming integration of NSoft’s Casino games into our aggregator, which will undoubtedly enrich our platform’s content.”
With this exclusive partnership, NSoft and Intelligent Gaming are poised to deliver unparalleled gaming experiences, marking a significant advancement in South Africa’s online and retail gaming landscape.
Africa
Galaxsys Partners with BetFounders
Galaxsys had announced a new strategic partnership with BetFounders, a leading online casino brand in Africa. This collaboration marks a pivotal step in expanding Galaxsys’ presence across the African continent and beyond, bringing their innovative games to new audiences.
BetFounders, known for its strong market presence and innovative platform, operates over 20 well-established brands in the African region. Their expertise and reach will be crucial in helping Galaxsys expand its footprint in both established and emerging markets.
Teni Grigoryan, Chief Sales and Partner Management Officer at Galaxsys, said: “BetFounders is a key player in the African iGaming market, and their expertise makes them the perfect partner to help us grow our presence in the region. By joining forces, we’re confident that more players across Africa will gain access to our award-winning games.
“This exciting collaboration not only strengthens Galaxsys’ position in Africa but also aligns with our long-term vision of expanding into high-potential markets worldwide.”
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