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Quanta Expands Its Footprint In Africa

George Miller

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Quanta Expands Its Footprint In Africa
Reading Time: 4 minutes

 

Quanta is delighted to announce that it has secured a local license to operate lotteries in Zambia through the acquisition of a majority stake of local company Pleasure Sports Innovations Ltd. This is Quanta’s second lottery license in Africa following its majority acquisition of International Lottery and Gaming Limited, the operator of Naija Lottery in Nigeria. The introduction of Quanta’s innovative blockchain lottery and accompanying digital services provided via Quanta Pay is expected soon after the commencement of business operations in Q3 2020.

Pleasure Sports Innovations Ltd is licensed by Zambia’s Gaming Commission and is a fast growing betting and smart solutions company leveraging the power of blockchain to serve its customers. The company is also positioning to launch the first end-to-end blockchain lottery in the region following its cooperation with Quanta. “We are excited about the opportunity to work with Quanta to develop and provide a social impact lottery that will contribute to selected good causes whilst creating value for Zambia and its citizens.” commented Darius Sinkamba, CEO of Pleasure Sports Innovations.

Quanta will use its core market in Nigeria as the basis to develop and launch innovative Africa-centric gaming and fintech products in new markets it secures across the continent. Quanta’s successful acquisition of Naija Lottery in 2018 established Quanta as the first blockchain lottery company to operate a traditional lottery, and is the basis for its ambitious growth plans for the region in 2020 and beyond.

Quanta’s acquisition of Pleasure Sports Innovations was led by Quanta Africa SVP John Kamara and Quanta CEO Harmen Brenninkmeijer from Quanta Africa’s base of operations in Nairobi Kenya. This acquisition sees Quanta expand its presence into the southern African state which has a population of almost 18 million and GDP of more than USD 25 billion. According to Zambian Watchdog, iGaming in South Africa is fast becoming a vast and lucrative market, with countries such as Zambia leading the charge. This has led to social impact from economic growth to job creation to increasingly mobile-friendly generation from the growing middle class Millenials (Gen Y). Unicef quoted that Zambia has an estimated median age of 16.7 years which is one of the lowest in the world with the vast majority of these Millenials potentially embarking on the latest technology. Improved mobile connectivity and lower data costs for Zambian have led to the number of mobile internet users reaching a new record high of 7.1 million users, with a vast proportion wagering regularly online thru a smartphone or tablet device. According to ZICTA statistics, the penetration of internet and mobile phone users was 62.7% and 97.2% respectively, one of the highest in sub-Saharan Africa as investment growth in Information and Communication Technology is testament to the future of the new technologies.

Zambia has made significant achievements in the education sector since 2000. According to Unicef, enrolment in primary education reached 3.3 million in 2017, up from 1.6 million in 2000. Girls are now enrolling in primary school in the same numbers as boys. But there are an estimated 800,000 school-aged children that are out of school. Access to early childhood education is low with only 26 per cent of children entering Grade 1 with any such experience. One can imagine the unlimited possibilities for many children who decide to study and embrace the new blockchain technologies which is an area that Quanta is happy to work in cooperation with the education sector and communities.

Quanta enters into South African region along with its business roadmap. Besides, Quanta builds its local representative office, Quanta Africa, in Nairobi, Kenya in this quarter with John Kamara as SVP/Managing Director. John is an experienced marketing, business growth and market acquisition executive with over 20 years in the international gaming industry.

On the expansion into Zambia, Quanta Africa MD John Kamara: “We see the acquisition of Pleasure Sports in Zambia as a key step forward in our ambition to maintain Quanta’s position as the leading operator of blockchain-based gaming, lottery and fintech solutions in Africa. Zambia represents an exciting opportunity to expand our footprint in a smart young country with a stable currency whilst providing much needed revenue to good causes as well as the opportunity for players to win attractive prizes.”

Harmen Brenninkmeijer, CEO of Quanta, commented on the new business expansion. “The new entrance in Zambia will play a pivotal role for Quanta to build a blockchain network in Africa, with lottery at the core of our strategy. We will give an additional use case of our blockchain technology which will further support regional acceptance of the technology, our products and company.”

Following the establishment of business operations, Quanta plans to launch a lottery and a sports betting product, with both ultimately being supported via Quanta Pay, Quanta’s digital services hub that provides payments as well as additional digital services in the future.

“2020 is set to be a very interesting year for Quanta,” continued Brenninkmeijer. “We have worked hard to establish a rapid turnaround and are now starting to see the impact our focus has had on the outlook of Quanta’s new business development. As a blockchain technology company, we now have interests in two major African markets that typically would go to traditional technology companies. It is an enormous endorsement for Quanta, the team, our technology and products that we are able to make this announcement and we are excited to develop a product offering that Zambian customers can positively engage with.”

More is to come in the new roadmap: https://www.quantalottery.com/roadmap/

About Quanta:
Quanta is a pioneer in the development of blockchain solutions for gaming. In 2017, the company launched the first licensed blockchain lottery, fully utilising blockchain together with its NMI-certified random number generator, Randao, which is entirely built and operated on blockchain. Quanta’s utility token, QNTU trades on six renowned cryptocurrency exchanges including HitBTC and Bit-Z.

Africa

Carry1st Raises $4.0 Million to Catalyze Mobile Gaming in Africa

George Miller

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Carry1st Raises $4.0 Million to Catalyze Mobile Gaming in Africa
Reading Time: 2 minutes

 

Carry1st has raised a Series Seed round of US$2.5 million led by CRE Venture Capital with participation from Perivoli InnovationsChandaria CapitalLateral Capital, Transsion’s Future Hub, and Kam Kronenberg III, among others. This round brings its total capital raised to $4.0 million. Proceeds will go to recruiting top-tier talent, investing in platform technology, and publishing new content. Pardon Makumbe, Managing Partner at CRE, and Henry Lowenfels, Chief Product Officer of One Team Partners (former Scopely SVP), will join the board.

Carry1st is the leading mobile games publisher serving the first generation of African smartphone users. Since launching in 2019, the company has reached over 1.5 million users across the region. Carry1st Trivia was ranked the #1 free-to-play Android game in Nigeria and Kenya; and was named the Best Media & Entertainment Solution for 2019. The company plans to partner with international studios to launch multiple games in 2020 and scale its audience to over a million monthly active users.

“Social gaming is the largest and fastest-growing form of mobile media, grossing more than three times all other app categories combined. Our mission is to bring this world of interactive content to Africa and likewise to connect Africa to the world,” said Cordel Robbin-Coker, Carry1st CEO and former Carlyle dealmaker. “Our belief is that building a local publisher, with differentiated tech and operating capabilities across marketing, distribution, and monetization is the way to be this bridge. We are pleased to partner with CRE and our investor group to accelerate this vision.”

Founded by Cordel Robbin-CokerLucy Hoffman, and Tinotenda Mundangepfupfu, the company addresses key challenges in Africa for consumers and content producers alike. Carry1st serves the world’s fastest-growing market, set to add over 350 million smartphone users and increase data consumption by 17x by 2025. By providing tailored content, localized engagement, and payments solutions, Carry1st aspires to accelerate the growth of the African mobile content market, which is already projected to increase by 400% over 5 years.

CRE Partner, Pardon Makumbe said: “We are excited to partner with the world-class team at Carry1st to take the pain out of distributing and monetizing games across Africa. The continent is young, vibrant, and mobile-first — by focusing on the building blocks, we believe Carry1st is well-positioned to define the category, and catalyse the development of the industry for Africa’s over 1.3 billion consumers.”

Lucy HoffmanCarry1st VP of Operations added: “It’s really exciting to be part of developing a new industry in an emerging region. In doing so, we will stimulate thousands of jobs and drive digital inclusion. When people come online for the first time, they want to connect with people and have fun. In these unusual times we are reminded of the power of games to delight, to educate, and ultimately to unite.”

 

SOURCE: Carry1st

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Africa

BtoBet Partners With Leading International Land-based Casino Operator For Online Transition In Tanzania

George Miller

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BtoBet Partners With Leading International Land-based Casino Operator For Online Transition In Tanzania
Reading Time: < 1 minute

 

Leading iGaming platform provider BtoBet is expanding its footprint in Africa, announcing a partnership with WinPrincess, the principal retail casino in Tanzania. Through this partnership, WinPrincess will be diversifying its operations, incorporating the digital channels to its retail business strategy.

Operating 32 casinos in 15 countries across 4 continents, the integration of an omnichannel approach to its retail casino in Tanzania will be the first step for the group as it seeks to expand its global operations to the digital channels.

Guven Eraslan, Executive Coordinator of the WinPrincess Group, stated that the investment in the Tanzanian iGaming industry will see the group not only focus on the online casino aspect, but will also branch out to other verticals primarily sportsbook. “Like any other company we need to grow to continue to exist. Therefore, we cannot afford to miss any of the opportunities that lie ahead of us,” stated Eraslan.

Eraslan added that Tanzania’s betting industry has more than doubled in the last three years. “Moreover three of the fastest growing cities in the world are in Tanzania, and thus we firmly believe that Africa is a safe bet if you need a good start in the iGaming industry.”

Alessandro Fried, BtoBet’s Chief Executive Officer, expressed his pleasure regarding the company’s partnership with WinPrincess. “The brand and the reputation that WinPrincess have built in the land-based casino sector across a multitude of countries speaks for itself. Just like BtoBet, they continuously pursue innovation, placing utmost importance on their player experience.”

Fried noted that without any form of doubt, WinPrincess will further build on its strong presence in Tanzania, whilst targeting further online growth in the medium term through its vast land-based casino network.

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Africa

BtoBet: East Africa Betting Report – Regional Challenges And Opportunities

George Miller

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BtoBet: East Africa Betting Report – Regional Challenges And Opportunities
Reading Time: 2 minutes

 

Report provides East Africa regulatory map, and key data and information for Uganda’s betting market

The gambling and betting industry’s scenario in East Africa with its strong mobile infrastructure, relatively high usage of mobile money accounts, and widespread regulatory frameworks already in place, is effectively indicating the way forward for operators to make more concerted efforts to shift ever more towards the mobile channels, especially when considering the local population’s propensity to jump altogether the desktop and laptop phase. This is what BtoBet states in its latest White Paper “East Africa Betting Report”.

The leading iGaming and sportsbook platform provider’s Report gives detailed insights on:

  • Mobile money use
  • Annual gambling spend by players
  • Detailed breakdown of internet, smartphone and financial inclusion factors with year-on-year increase indications

The report also makes an in-depth analysis of the East African iGaming regulatory scenario, whilst providing key data and information regarding one of the most rapidly expanding markets in the region, Uganda.

The “East Africa Betting Report” is available for free and can be accessed on BtoBet.com.

Want to get in-depth information regarding the local iGaming industry’s potential? Get in touch with our local experts on [email protected]

 

About BtoBet:

BtoBet is a multinational company and is part of a group with 20 years of experience in software development in IT, telecommunication, e-commerce and banking, strongly committed to technology and widely investing in technology research and development. The experience gained at the forefront in these advanced environments, compared with the more recent gambling industry, allows BtoBet to be visionary with a deep understanding of the requirements of the market, catching changing trends and anticipating bookmakers’ and operators’ needs. BtoBet is a true partner in technology, offering a standalone platform and services for the iGaming and Sports Betting industry. It counts on a very talented, continuously trained development team and day to day management support to clients. BtoBet allows licensees to be unique in the market, by giving them the opportunity to completely personalise their offers for Sports betting and iGaming business, online mobile and retail. Visit our site on: www.btobet.com

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