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NairaBet selects Betgenius to drive in-play growth

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Betgenius, the leading supplier of sophisticated sportsbook technology to regulated bookmakers and lotteries, has been selected as the primary in-play trading partner of NairaBet, Nigeria’s pioneering sports betting brand.

 

The agreement will see NairaBet tap into Betgenius’ unrivaled in-play trading coverage across all major sports, including football and basketball, to deliver a premium live betting experience to its online and retail customers.

The long-term partnership marks a significant enhancement of NairaBet’s live betting product by giving its traders access to the fastest and most accurate pricing on the market, as well as greater control of its in-play trading strategy. 

Akin Alabi, CEO of NairaBet, said: “As competition grows in the Nigerian sports betting space, we at NairaBet made a decision to stand out from the crowd. One of the decisions we made was to partner with Betgenius to power our in-play markets. I am confident it will be a rewarding experience for both parties.’’

Matt Stephenson, Managing Director of Betgenius, said: “As one of Nigeria’s premier sportsbook operators NairaBet is leading the way in the growth of its in-play offering, building upon its own high quality in-house risk management team. The live betting trend is spreading across the African market and Betgenius is excited to bring our trusted product to many more partners in the region in the future.

Betgenius’ highly flexible, automated InPlay Manager and PreMatch Manager tools allow sportsbook operators to partially or fully outsource their trading function, offering hundreds of thousands of markets across all major sports. 

 

George Miller (Gyorgy Molnar) 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.

Africa

Authorities destroy illegal gambling machines in South Africa

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illegal-gambling-machines-in-South-Africa Authorities destroy illegal gambling machines in South AfricaReading Time: 1 minute

The Limpopo Gambling Board in South Africa has seized and destroyed 100 illegal gambling machines from local shops.

Chairman of the board Elijah Tjiane said: “The serious crimes we’re witnessing in the country start with illegal machines operating in local shops. They then go to drugs and later graduate to other heavy crimes.”

Tjiane said the R500 fine illegal gambling operaters got was too little.

“We wish lawmakers could come up with a fine that will fit the crime the person has committed.”

Limpopo Economic Development MEC Seaparo Sekoati said illegal gambling was crippling businesses which operated by the book.

He said destroying the illegal machines would assist in reducing crime in the province.

“The work done by the board’s law enforcement unit, working closely with police in tackling illegal and harmful economic activities, is outstanding. Our law enforcement officers confiscated 101 gambling machines which were collected from various spaza shops in and around our communities.

“Illegal gambling outlets have a negative impact on our economy.

“Such unregistered and underground operations do not adhere to the tax legislation of the country,” said Sekoati.

Source: Latest News on European Gaming Media Network

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Africa

Chandler to tap Kenyan market

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Chandler-Kenyan-market Chandler to tap Kenyan marketReading Time: 1 minute

Victor Chandler (67), the veteran gambling entrepreneur who founded BetVictor, is setting his eyes on the Kenyan market. His African betting business wing BetLion is targeting Kenya and Tanzania for potential expansion.

The company is already working on online betting project with FSBTech in Uganda.

Kenya and Tanzania are the next targets. BetLion will face strong competition in the Kenya market. There are 36 licensed operators are currently active in the country.

Source: Latest News on European Gaming Media Network

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Africa

South Africa accepts new gambling bill

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South-Africa-new-gambling-bill South Africa accepts new gambling billReading Time: 1 minute

South African Parliament’s Portfolio Committee on Trade and Industry has adopted the redrafted National Gambling Amendment Bill.

Joanmariae Fubbs, the chairperson of the Committee, said although the Department of Trade and Industry had introduced a comprehensive Bill, the committee had resolved to deal with three technical issues only to address existing governance challenges speedily. The three issues are the following: the reconfiguration of the National Gambling Board to the National Gambling Regulator; addressing governance challenges relating to the National Gambling Policy Council; and broadening the National Central Electronic Monitoring System.

She added that other important issues, such as horse racing, dog racing, electronic bingo terminals, betting on lottery results and online gaming, have been considered and is being referred for consideration in the Sixth Parliament. There was not enough time to address and study all the issues. Therefore, the committee is of the view that these amendments, adopted today, will pave the way for more comprehensive and holistic amendments to the gambling regulatory framework, said Ms Fubbs.

Source: Latest News on European Gaming Media Network

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