Connect with us
SIS

Africa

OKTO To Showcase Fintech Gaming Solutions At SBWA 2019

George Miller

Published

on

OKTO To Showcase Fintech Gaming Solutions At SBWA 2019
Reading Time: 1 minute

 

OKTO Group, the financial technology provider specialising in innovative digital payment and player engagement applications, is primed and ready to attend next week’s Sports Betting West Africa (SBWA) event in Lagos, Nigeria.

OKTO’s commercial team will be on hand at stand #1017 during the three-day conference, held between the 23rd and 25th July, to demonstrate how its mobile-centric payment solution can drive player engagement leveraging cutting-edge financial technologies.

The Athens-based company aims to tackle the challenges currently faced by Nigerian operators in bridging the gap between the payment and retail experience, providing a seamless digital journey across multiple player channels with add-on loyalty and promotional functions.

Fresh after hiring Simon Dorsen to head up its gaming division, OKTO is preparing to hit the ground running in Africa and build on the success of its digital banking, mobile payment and retail products in Europe.

With experience in directly operating an established network of 5,000 points of sale across multiple jurisdictions and processing transactions reaching up to €1 billion, the payment service provider is well positioned for rapid growth in the region.

Simon Dorsen, Director of Gaming at OKTO, said: “Behind OKTO’s gaming solution is a wealth of knowledge in betting and gaming, which has driven us to create a fully digital experience that truly responds to the challenges of the modern market. 

“With our technology, operators can access mobile based cashless and paperless betting solutions that address the unique challenges in Africa; reducing cash handling costs, speeding up the flow of transactions and delivering a better player experience.  We’re extremely excited to showcase our innovative solutions to SBWA attendees.” 

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

Continue Reading
Advertisement
Comments

Africa

SportPesa Gears Up for Legal Battle with Kenyan Government

Niji Narayan

Published

on

Reading Time: 2 minutes

 

Sports betting platform SportPesa has geared up for a protracted legal battle with the Kenyan government. The operator told that the government was deliberately politicising a dispute over tax to interfere with its Kenyan operations. This has left SportPesa unable to process mobile payments, prompting it to cancel all sports sponsorship agreements in the country.

On 1 July, Kenya’s gambling regulator (BCLB), declined to renew the licence applications of SportPesa and 26 other companies. The BCLB claimed it was owed a total of KES60.56bn in unpaid taxes, claiming that Kenya’s Gaming Bill states that the country’s 20% tax on winnings applies to both profit and to the bettor’s original stake.

“SportPesa is fully tax compliant in all of the markets in which we operate. We have been recognised by the KRA as such, receiving tax compliance awards in 2016, 2017 and 2018,” a SportPesa spokesman said.

The SportPesa spokesman said that the company secured a High Court order that overruled the regulator and prevented the authorities from suspending payment services and interfering with the company. However, on 10 July, the state ordered the telecoms company Safaricom to block banking services to the 27 companies. On 22 July, SportPesa opted to take legal action against the regulator to overturn the blocking order. The High Court is currently considering whether the authorities acted illegally in blocking access to customers’ accounts.

On 9 August, Sportpesa announced it was suspending all of its sports sponsorships in the country. On 11 August, SportPesa was also named in a Sunday Times investigation into the advertising of betting to children in Kenya. However, a SportPesa spokesman denied the operator was deliberately targeting minors.

“SportPesa takes its commitment to ensuring responsible gaming in Kenya extremely seriously. We do not advertise to children and are compliant with all advertising regulation in every market we operate in,” the spokesman said.

Continue Reading

Africa

Sportingtech expands in African market with BetOn in Uganda

Zoltan Tundik

Published

on

Reading Time: 2 minutes

 

Sportingtech, igaming platform provider increases its African market share closing the deal with MENA Sports Consulting (U) Limited, trading as BetOn in Uganda. The full scope of the sports betting and gambling products and services are available through all delivery channels – online, mobile and retail.

The full scope of sports betting and gambling products

Pulse Platform is a multi-management platform that combines sports, technology, casino games and betting into a single solution.

After upgrading to Sportingtech’s state-of-the-art igaming offering, BetOn now has all the benefits of the platform, utilizing online, mobile and retail channel to run its country-wide betting operations.

It uses all the latest features and updates from risk analysis tools, content and sportsbook management, powerful CRM and CMS for online business, to the Cashier Application.

Cashier Application was specially developed for retail business. It is a completely web-based application – no installation required, simple to use and optimized to work with any hardware configuration.

Increasing African market share is paramount

We are extremely happy to widen our impact in the African igaming market. Entering the Ugandan market with BetOn is a vital milestone.

 We aim to support promising projects like BetOn in achieving their goals in setting the standard for online, mobile and retail betting excellence in Uganda.

 This is a great opportunity for both Sportingtech and BetOn to use and showcase the full power of our Pulse Platform”, expressed Vito Sesar, Business Development Manager at Sportingtech.

Vito Sesar, Business Development Manager at Sportingtech

Meet Sportingtech to discuss business opportunities

In case you want to meet Sportingtech’s team and find out more about its sports betting offering or other products, you can do so by sending an email to marketing@sportingtech.com or sales@sportingtech.com, and arranging a meeting, whether it’s a Skype call or a meeting in person at one of the upcoming igaming events.

To learn more about Sportingtech, please visit this link: http://bit.ly/2TrVlrU.

 

About Sportingtech

Sportingtech is igaming platform provider bringing you advanced technology product package for running online and land-based betting and gambling operations for any market. With offices in Malta, Portugal and Curacao, the company strives to develop ground-breaking solutions for the operators, targeting some of the most demanding jurisdictions.

 

Knowing how sports betting and games of chance have progressed in the last decade as well as market demands regarding the software, information technology systems, legislation requirements, we at Sportingtech make it easier for you to overcome all these challenges.

 

About BetOn

BetOn draws upon the best practices in both Europe and Africa operating a full online and offline sports betting and lotteries product portfolio. The company is setting the standard for online, mobile and retail excellence in Uganda covering all the major sporting events across Europe and the world.

Continue Reading

Africa

NGB Data Show the Growth of Gambling Industry in South Africa

Niji Narayan

Published

on

NGB Data Show the Growth of Gambling Industry in South Africa
Reading Time: 1 minute

 

Data from the National Gambling Board (NGB) have shown that gambling is one of South Africa’s biggest grossing industries. Gambling industry generated 30 billion rand in 2018. This is just from the 40 brick-and-mortar casinos licensed to operate in the country.

Online gambling is currently banned in South Africa but that has not prevented offshore operators from targeting the South African market nor has it deterred South Africans from signing-up at these illegal online casinos. NGB is highly concerned that the rise of illegal gambling is eroding the revenue of legal gambling operations.

The brick and mortar casino industry in the country is growing rapidly as it offers punters a variety of options like sports betting, horse racing, bingo and classic table games. The land base casino industry is expected to generate around 25 billion rand by 2021.

The South African government has been hesitant to legalise online gambling and give punters even more options. The Casino Association of South Africa claims that it is neither for nor against legal online gambling but it highlighted the fact that with the advancement of technology, online gambling is growing more popular by the day.

Continue Reading
Advertisement
NSoft

Global Gaming Industry Newsletter – Weekly Digest (sent every Wednesday)

Please select all the ways you would like to hear from European Gaming Media and Events:

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here. Read more about European Gaming Media and Event's Privacy Policy and Terms of Service.

Subscribe to our News via Email

Enter your email address to subscribe to our news and receive notifications of new posts by email.

Latest by author

Trending

Notice for AdBlock users

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.