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South Africa Gambling Industry Report 2022: Current State of the Industry – Casinos and Online Gambling, Limited Payout Machines, Horse Racing and Sports Betting & the Lottery
The “The South African Gambling Industry 2022” report has been added to ResearchAndMarkets .com’s offering.
This report focuses on the gambling industry and includes information on the state of the industry including casinos and online gambling, limited payout machines, horse racing and sports betting and the lottery. It includes information on influencing factors such as regulation, major players and developments.
There are profiles of 23 companies such as major players in casinos Tsogo Sun Holdings, Sun International and Peermont Global, horse racing operators 4Racing and Gold Circle, lottery operator Ithuba and sports and online betting companies such as Netbet (Sportingbet) and various gambling boards and regulators.
The Gambling Industry in South Africa
The gambling industry is recovering from the loss of business during the pandemic when casinos and bars were shut. However, industry sources say casino and bingo revenues are still below pre-pandemic levels, with the rebound being driven by betting and limited payout machines. The effects of the lockdown resulted in a shift in market share, largely to online betting.
This trend is expected to continue, as the steady decline in the revenue market share of casinos has been going on for years. New products and the borderless online environment bring direct competition to traditional gambling establishments and deprive the country of licensing and tax revenue.
Trends
Some of the most popular forms of gambling in South Africa include casino betting, sports betting, and bingo. The industry is growing despite the poor economy, driven by online and sports betting. Illegal online gambling is difficult to monitor and regulate.
The popularity of horse racing has been declining in recent years in favour of sports betting. South Africa’s sports betting sector centres around rugby, soccer, cricket, and horse racing. Bets can also be placed on the top US sports leagues.
Key Topics Covered:
1. INTRODUCTION
2. DESCRIPTION OF THE INDUSTRY
2.1. Industry Value Chain
2.2. Geographic Position
2.3. Size of the Industry
2.4. Key Success Factors and Pain Points
3. LOCAL
3.1. State of the Industry
3.2. Key Trends
3.3. Notable Players
3.4. Corporate Actions
3.5. Regulations
3.6. Enterprise Development and Social Economic Development
4. AFRICA
5. INTERNATIONAL
6. INFLUENCING FACTORS
6.1. COVID-19
6.2. Economic Environment
6.3. Illicit Gambling, Fraud, and other Criminal Activities
6.4. Rising Operational Costs
6.5. Labour
6.6. Negative Social Consequences of Gambling
6.7. Technology, Research and Development (R&D) and Innovation
7. COMPETITIVE ENVIRONMENT
7.1. Competition
7.2. Ownership Structure of the Industry
7.3. Barriers to Entry
8. SWOT ANALYSIS
9. OUTLOOK
10. INDUSTRY ASSOCIATIONS
11. REFERENCES
11.1. Publications
11.2. Websites
Companies Mentioned
- 190 Flamingo LLC
- 3535 LV Corp
- 3535 LV Parent LLC
- 4Racing (Pty) Ltd
- AC Conference Holdco
- AJP Holdings
- Anytime Power (Pty) Ltd
- Aster Insurance Ltd
- Ballys
- Baluma
- Benco Inc
- Betcoza
- Betsumor Gaming (Pty) Ltd
- Betting Information Technology (Pty) Ltd
- Betting World
- BI Gaming Corporation
- Biloxi Hammond LLC
- Biloxi village Walk Development LLC
- BL Development Corp
- Boardwalk Regency Corporation
- BPP Providence Acquisition Company LLC
- Burlington Street Services Ltd
- CA Hospitality Holding Company Ltd
- Caesars
- California Clearing Corporation
- Cassava Investments (Pty) Ltd
- CG Services LLC
- CH Management Company Ltd
- Chester Downs and Marina LLC
- Chester Facility Holding Company LLC
- Christian County Land Acquisition Company LLC
- Cinderlane Inc
- Consolidated Supplies Services and Systems
- Corner Investment Company Newco LLC
- Cromwell Manager LLC
- CZL
- Dagger Holdings Ltd
- DCH Exchange LLC
- DCH Lender LLC
- Des Plaines Development Ltd Partnership
- Desert Palace Inc
- Durante Holdings LLC
- East Beach Development Corporation
- Eastern Cape Gambling and Betting Board
- Edward Cavendish and Sons (Pty) Ltd
- Egoli Gaming (Pty) Ltd
- Emerald Safari Resort (Pty) Ltd
- Euphorbia (Pty) Ltd
- Ezeefun (Pty) Ltd
- FHR Corporation
- FHR Parent LLC
- Flamingo
- Foothills Trading and Investment (Pty) Ltd
- Free State Gambling, Liquor and Tourism Authority
- Galaxy Bingo
- Gauteng Gambling Board
- GB Investor LLC
- GCA Acquisition Subsidiary Inc
- GNOC Corp
- Gold Circle (Pty) Ltd
- Golden Nugget Club Ltd
- Grand Coffee House (Pty) Ltd
- Grand Foods Bakery (Pty) Ltd
- Grand Ice-Cream (Pty) Ltd
- Grand Media Buying Inc
- GRIPP Advisory (Pty) Ltd
- H-BAY LLC
- HAC CERP Manager LLC
- Harrah South Shore Corporation
- Harrahs
- Harveys
- HBR Realty Company Inc
- HCAL LLC
- HCI
- HCR Services Company Inc
- HEI Holding
- HET International
- HHLV Management Company LLC
- HIE Holdings
- HLV CERP Manager LLC
- Hole in the Wall LLC
- Hollywood Sportsbook Holdings
- HTM Holding Inc
- Interbet (Pty) Ltd
- Ithuba Holdings (RF) (Pty) Ltd
- JCC Holding Company II Newco LLC
- Jeddler Investments (Pty) Ltd
- JGB Vegas Retail Lessee LLC
- Johnnies Strategic Investment Holdings Ltd
- Kaapse Wynprodusente Vereniging (Pty) Ltd
- Koval Holdings
- KwaZulu-Natal Gaming and Betting Board
- La Concorde
- LAD Hotel Partners LLC
- Lakama Resorts and Casino (Pty) Ltd
- Las Vegas Golf Management LLC
- Las Vegas Resort Development Inc
- Laughlin CERP Manager LLC
- Laundry Parent LLC
- LCI PLC
- Lexshell 94 General Trading (Pty) Ltd
- Lifeboat Inc
- Limitless Angel Fund (Pty) Ltd
- Limpopo Gambling Board
- Listed Investments (Pty) Ltd
- London Clubs
- LVH Corporation
- LVH Parent LLC
- Martial Development Corporation
- Monte Cinemas (Pty) Ltd
- National Casino Resort Manco Holdings (Pty) Ltd
- National Gambling Board
- Netbet (Pty) Ltd
- Nevada Marketing LLC
- Niveus Invest11 (Pty) Ltd
- North West Gambling Board
- Northern Cape
- O L I M P (Pty) Ltd
- Ocean Showboat Inc
- Octavius Linq Holding
- OCZ Holdings Pte Ltd
- Parball LLC
- Parball Parent LLC
- Paris CERP Manager LLC
- Paris Las Vegas Operating Company LLC
- Park Place Finance ULC
- Peermont Global (Pty) Ltd
- PH Employees Parent LLC
- PHW
- Playboy Club (London) Ltd
- Players Bluegrass Downs Inc
- Players Development Inc
- Players Holding LLC
- Players International LLC
- Players LC LLC
- Players Maryland Heights Nevada LLC
- Players Resources Inc
- Players Riverboat
- Players Services Inc
- Pocatello Investments (Pty) Ltd
- Quad Manager LLC (The)
- R A Corporate Services (Pty) Ltd
- Reno Crossroads LLC
- Reno Projects Inc
- Rio CERP Manager LLC
- Rio Development Company Inc
- Robinson Property Group Corp
- Roman Entertainment Corporation
- Romulus Risk and Insurance Company Inc
- Showboat
- Slots and Keno Ltd
- Sofiline (Pty) Ltd
- Sportsman Club Ltd (The)
- Sterling Suffolk Racecourse LLC
- Sun International
- Sunwest Tote (Pty) Ltd
- Supabets (Pty)
- Supaworld Gauteng (Pty) Ltd
- SW Security and Fire Solutions

Latest News
Meridianbet Expands B2B Operations into Nigeria, Entering a Regulated $2 Billion Betting Market
Meridianbet, a subsidiary of Golden Matrix Group, Inc., has officially launched its B2B operations in Nigeria, one of the largest and fastest-growing betting markets in Africa. The company’s entry into Nigeria further strengthens its 20-year presence in Africa, leveraging its proven track record in regulated markets to deliver world-class gaming products.
Through its newly licensed local entity, Masterlive Network Limited, Meridianbet has secured full regulatory approval from the Lagos State Lotteries and Gaming Authority (LSLGA), allowing it to operate in both sports betting and online casino verticals under License No: LSLGA/OP/OSB/MB041124.
The official launch of Meridianbet.ng marks a strategic expansion into a market worth over $2 billion, according to the research of Orange Business Intelligence Technology, with over 60 million Nigerians actively participate in betting, contributing to one of the fastest-growing industries on the continent.
Zoran Milosevic, CEO of Meridianbet, commented: “Our expansion into Nigeria marks a significant step in our long-term strategy to deepen our presence in Africa’s most dynamic gaming markets. With a highly engaged player base and strong industry growth, Nigeria presents a major opportunity for our B2B model. We are committed to bringing our cutting-edge technology, AI-powered betting solutions, and localized expertise to drive long-term success for our partners in the region.”
FY 2024 Revenue Growth & Investor Outlook
Golden Matrix Group has provided a preliminary full-year 2024 revenue estimate of $150 million, reflecting the company’s continued growth trajectory. The Group expects to release its audited FY 2024 financial results in the coming days, offering investors a comprehensive performance overview. The Nigerian market represents a strategic opportunity for future revenue expansion, aligning with GMGI’s global strategy to strengthen its presence in high-growth gaming markets.
Key Market Potential & Strategic Expansion
According to the Orange Business Intelligence Technology (ORBIT), Nigeria’s betting industry surpassed $2 billion back in 2020, with projections indicating up to $4.7 billion in annual revenue potential over the next decade. Football remains the primary driver of market growth, with a vast customer base engaging both online and offline. Meridianbet’s B2B model will provide advanced technology solutions, gaming content, and platform services to local operators, offering a scalable and highly adaptable system tailored to the Nigerian market.
A Strategic Milestone in Meridianbet’s African Growth
With operations in 18 markets across Europe, Africa, and Latin America, Meridianbet has built a reputation as a leading technology provider and betting operator. The company’s expansion into Nigeria follows its long-standing success in established African markets, where it has been a dominant player for over two decades.
The soft launch of Meridianbet.ng is already delivering positive early results, with strong partner satisfaction and excellent customer feedback.
AI-Powered Innovation & Market Expansion
As part of this rollout, Meridianbet is introducing its proprietary AI Sports Betting Recommender and AI Casino Recommender, delivering personalized betting experiences based on real-time data, player behavior, and predictive analytics. These innovations, already proving successful in multiple markets, will enhance customer engagement, retention, and overall user satisfaction in Nigeria’s rapidly evolving gaming landscape.
The post Meridianbet Expands B2B Operations into Nigeria, Entering a Regulated $2 Billion Betting Market appeared first on European Gaming Industry News.
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Week 11/2025 slot games releases
Here are this weeks latest slots releases compiled by European Gaming
PG Soft has launched its swashbuckling new 3-reel, 3-row video slot, Mr Treasure’s Fortune. PG Soft’s perilous high-seas expedition blends the nostalgia of classic arcade machines with modern gameplay as players search for the legendary Black Fang Pirates’ hidden fortune.
ELA Games presents its newest development, Noble Crown. This title, with its high-quality graphics, enticing animations and contribution to a balanced portfolio, is a testament to the studio’s design and development philosophy. This 5×3 slot includes iconic symbols commonly seen in classic pub games, such as crowns, diamonds and lucky sevens.
Evoplay has launched Emerald Brewer, a festive slot that captures the spirit of St. Patrick’s Day with vibrant visuals, rewarding features, and a taste of Irish luck. Played on a 5×4 reel layout, the game introduces Wild symbols, which substitute for all regular symbols except Green Pot, Coin, and Bonus symbols.
Swintt, is helping players satisfy their cravings for sugar, spice and all things nice in Candyman – a sweet new Premium release where tumbling reels and multiplier free spins pave the way to candy-coated wins of up to 5,000x. Played out across an expanded 6×5 reel matrix, Candyman does away with conventional lines in favour of a scatter mechanic were collecting eight or more matching symbols guarantees a prize regardless of where they land, with new icons falling from above to potentially create further wins.
Make Slots Great Again! Nolimit City breaks the norm once more in its latest release Home of the Brave. A slot that isn’t afraid to take a jab! No agendas here, just a whole lot of chaotic fun, spicy mechanics and unpredictable gameplay. Unlike typical slots, which are composed of a couple of rows and reels, Home of the Brave includes a Conveyor Belt positioned above the top row and 2 Hot Sauce Reels on either side of the reel area.
Thunderkick has released The Golden Pot & Pints, the latest introduction to its diverse festive-themed portfolio centred around the iconic Irish holiday, St. Patrick’s Day. Set in an Irish tavern, four lucky leprechauns reside on the reels of this 7×7 cluster pays slot, accompanied by tankards, top hats, and shamrocks.
Amusnet has unveiled the latest addition to its Live Casino portfolio, Extra Crown Deluxe Live. The company’s first-ever live slot game seamlessly blends tradition and innovation into an exciting mix of standard slot games and live-streamed action available 24/7.
Million Games is thrilled to announce the launch of Vault Rush, the latest high-volatility online slot developed in collaboration with YUGO Workshop under the Million Stars partner program. This 5×3 reel slot pays homage to the golden era of classic slots, featuring familiar symbols like 7s, Bars, bells, and fruits.
Play’n GO introduces Trinity Impact, a vibrant new slot that combines adventure, magic, and teamwork in a quest to save the mystical realm of Lumina. Immerse yourself in the enchanting world of Trinity Impact, where players join three friends on a heroic journey to protect Lumina, a land of magical wonders and ancient Crystal relics.
Push Gaming has launched the sequel to its 2024 Arctic-themed hit with the release of Big Bite Push Ways. The title will debut the provider’s new mechanic, Push Ways. This mechanic features nudging Hot Zones, which splits any symbol within the overlay into two. This increases the number of available ways to 262,144 and drives engagement.
Amusnet has released a new game for those who enjoy classic slot games with a dice twist. The latest addition to the company’s Online Casino, 100 Golden Coins Dice Edition, comes to life in March to provide a fun gaming experience to all dice lovers. This 5-reel, 100-fixed-payline game combines the classic slot game and dice symbols in entertaining gameplay.
Players can expect a fresh and juicy take on the classic slot experience in the latest title from ICONIC21. Iconic Fruits: Hold and Win sees classic appeal meet modern excitement across a three-by-three gameboard with five paylines active. A feeling of nostalgia will be felt as the reels spin and Fruit and Coin symbols land – this includes Cherries, Lemons, Pineapples, Strawberries and Watermelons.
Blueprint Gaming™ has upped the ante in its latest instalment to the iconic Cash Strike™ series. With the eye-catching win boost feature offering electric collect wins boosted by multipliers, Cash Strike Win Boost increases the player’s chances of returns up to a striking 50,000x. A familiar feast of classic fruit symbols adorns the 3×3, 125 ways to win slot alongside an array of blazing golden coins, heightening the excitement with enlarged opportunities for wins during base play.
Playson, the renowned digital entertainment supplier, is taking casino gameplay into an electric new dimension in its latest release, Charge the Clovers: Hit the Bonus™, as bonus play leads with unique Super Charge and Multi features. Golden clovers, making a welcome return to the 3×3 grid, take the form of bonus symbols alongside boost icons, featuring swirling blue tornados which radiate vibrant energy and boost the chance of eye-catching payouts for players.
Every fisherman has a story to tell. Booming Games brings these stories to life with the brand-new Fish Tales games series! The first game tells a story of a mythical bass, so large it can fit the entire reel! See if this is just a myth or indeed, there is such a creature roaming the deep and reel yourself in some monster wins! Fish Tales Monster Bass is a 5×3, 20-line slot with a boatload of features. Start to net wins with the Fishin’ Time cash collection.
The post Week 11/2025 slot games releases appeared first on European Gaming Industry News.
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ELA Games Enters the Danish Market Through New Strategic Collaboration With RoyalCasino
ELA Games, a supplier of innovative games in the iGaming industry, has partnered with RoyalCasino to enter the Danish market.
Royal Casino is Denmark’s only land-based and online casino with over 33 years of experience in the gambling industry. The Danish RoyalCasino Group operates the land-based casino in their top-rated Hotel Royal, offering Danish players an elevated gaming experience.
ELA Games’ collaboration with the prestigious Danish brand marks a significant milestone for the development studio, as they are entering the Danish market. As a result, ELA Games’ innovative content, such as hallmark titles like Cash of Gods, It’s Shark Time and Lucky Dwarfs, will be hosted on the RoyalCasino.dk platform.
David Fall, ELA Games’ Business Development Manager, commented on the partnership, “RoyalCasino is an illustrious figure in the Danish gaming scene, and we’re excited to partner with them to provide our content on their platform. RoyalCasino.dk, despite its pedigree, is a rapidly growing brand. With the various promotions prepared in tandem with this announcement, ELA Games looks forward to expanding in Denmark.”
Jonas Madsen, RoyalCasino’s Director of Retention Marketing, added, “We’re very excited about the addition of ELA Games to our portfolio of games at RoyalCasino.dk. ELA Games is an up-and-coming game provider who, in just a few years, has managed to create captivating games with quality graphics, and we’re confident that their content will cater to the preferences of our growing database of players.”
The post ELA Games Enters the Danish Market Through New Strategic Collaboration With RoyalCasino appeared first on European Gaming Industry News.
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