Africa

Tekkorp Launches Strategic Initiative To Capitalize On African Market

Published

1 month ago

October 29, 2024

Reading Time: 2 minutes

Tekkorp Capital, the leading global betting and gaming investment and advisory boutique, is delighted to announce Conor O’Donovan is joining to lead its African business, in response to the rapidly growing opportunities across the continent. With a decade of expertise in the African market as a prominent equity investor and several years of hands-on experience as CEO of multi-territory African betting brands, Conor’s leadership will be crucial as Tekkorp and its partners navigate and invest in this rapidly developing region.

Conor’s strategic focus will be on identifying exciting investment opportunities, while assembling an advisory and management team of leading African industry luminaries to steer investment and operational oversight. Investee companies will benefit from Tekkorp’s and its capital partners’ investment along with the decades of experience built up with some of the most successful businesses in the sector. For operators requiring more than access to capital, Tekkorp will provide comprehensive operational, technical, and strategic support, including product solutions, media partnerships, payments, and legal expertise, ensuring the full resources needed to succeed.

Conor O’Donovan, Tekkorp Capital Africa Partner, said: “Africa offers some of the most exciting growth opportunities in global gaming, with a range of attractive targets across diverse markets. At the same time, the landscape is fragmented and has its unique set of nuances and challenges. Tekkorp, alongside our strategic partners, is well-equipped to navigate these complexities and bring out the potential in strong, locally led businesses. Our goal is to turn these promising companies into regional leaders, building a diversified portfolio of high-performing, compliant brands with strong governance, unblocking the barriers to major operators investing with confidence.”

Matt Davey, Tekkorp Capital’s Founder and Chairman, commented: “It’s well-known that Africa is a high-growth market, and over the next decade we expect to see strong growth at a significant pace. This will encourage more operators to enter the space, and that’s why we believe the time is right to get ahead of the coalescing trends and create a balanced portfolio of premium African assets, underpinned by our local expertise, to best capitalise on this profitable opportunity.”

Robin Chhabra, Tekkorp Capital’s CEO, added: “Of course, we’ve long been active investors in the sports betting and gaming industry, always looking for great businesses with strong opportunities in market segments or territories we like. So, this focus on Africa is a logical extension of that philosophy. We’ve assembled a crack team, with Conor’s nous and know-how at the helm, as we explore another fragmented market rich with possibilities.”

Africa

888bets Goes Live in Malawi

Published

1 day ago

December 3, 2024

Niji Narayan

Reading Time: < 1 minute

888bets has launched in Malawi, expanding the online operator’s presence across Africa.

The brand, which is a joint venture between 888 owner evoke and 888Africa, unveiled a television advert to support its entry into its latest market.

888Africa co-founder and CEO Christopher Coyne said: “Delighted to announce that 888Africa has now launched into our seventh African market with Malawi. We are live from today [Friday, November 29].

“I’m so proud of the work of the outstanding 888Africa teams, too many to mention in the run to get us live, but I will note Alex Rutherford [888Africa chief growth officer] for his work on licensing, and I’ll mention also Andrew Lee [chief revenue officer], Steven McIntosh [VP product] and Zeljka Perkovic for their massive contributions on the project side.”

Africa

Celebrate the Holiday Magic with Springbok Casino’s Exclusive Christmas Stories and Claim 25 Free Spins on Top Slot: Cash Bandits 3

Published

2 days ago

December 2, 2024

Adrienn Sarkany

Reading Time: < 1 minute

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Africa

EGT and Gaming IQ to provide high-quality gaming experience to players in Congo

Published

5 days ago

November 29, 2024

George Miller

EGT and Gaming IQ to provide high-quality gaming experience to players in Congo

Reading Time: 2 minutes

EGT is proud to announce one more large-scale installation in Africa. Now, the Caesars Casino in Kinshasa, Congo, owned by the leading operator Gaming IQ, is entirely supplied with gaming equipment from the Bulgarian manufacturer.

The guests of the establishment have the opportunity to enjoy top-performing developments from EGT’s portfolio, including the well-known Premier Series slot cabinets P 24-24 Up, P 27-27 St Slim, P 42 V St Curved, as well as the G 27-27 St model of the General Series, for which this is the first installation in the country. The company’s rich gaming variety is represented by the multigame mixes of the Collection Series. In addition the players can hit even bigger winnings by trying their luck with the jackpots Premium Link, Lady’s Cards, as well as the absolute bestseller Bell Link. EGT’s casino management system Spider is also implemented to ensure that the organization of the daily activities on the casino floor will run smoothly.

“I am very happy that we have carried out this installation, which is the largest we have done so far in Congo,” said Lilia Georgieva, Director of EGT’s office in Tanzania. “I would like to thank Gaming IQ for once again placing their trust in us and accomplishing together another ambitious initiative that allows the gaming audience in Kinshasa to have access to state-of-the-art casino products with a proven reputation on a global level. I believe that we will quickly establish ourselves as leaders in the local market, given the excellent performance of our machines and games to date and especially the impressive results of Bell Link. By the end of the year, we plan to make installations in two more establishments of Gaming IQ in Uganda and Angola, and we will continue with more in 2025.”

Delcho Petrov from Gaming IQ also shared his positive evaluation regarding the collaboration with the Bulgarian company: “We are very happy that EGT has provided us with their top-notch gaming solutions for another of our establishments. I am confident that Caesars Casino will now unfold its enormous potential and become a preferred location for both the gaming audience in Congo and for players coming from other countries. Inspired by the magnificent outcome of our partnership to date, together we will continue to contribute to the modernization of the African gaming landscape and the transformation of local gambling facilities into world-class casino floors.”