Believe it or not, Africa is quickly becoming one of the most lucrative gambling markets in the entire world. Gambling has always been very popular in the country, but now more and more people are choosing to try and make their bets with an online casino.
Africa has been of key importance for the company over the last five years, not just with affiliates but across mobile, sports and live betting, during which it has been establishing and strengthening its brand in Tanzania.
Newgioco Group, Inc. (“Newgioco” or the “Company”) (Nasdaq: NWGI), a global sports betting and interactive gaming technology company providing fully integrated, omni-channel sports betting software solutions, is pleased to announce that the release of our new virtual Color Lotto product recently launched by the Company’s wholly-owned subsidiary Virtual Generation Limited
Sports betting is an extremely profitable business in Nigeria, with roughly 60 million Nigerians between the ages of 18 and 40 involved in active sports betting. Reports say on average, these punters spend around N3,000 every day on bets.
Casino online games have experienced a global growth in popularity in the past decade. South African countries, including Zimbabwe are not an exception in these statistics.
Zimbabwe’s large informal economy started feeling the pinch of COVID19 even before a confirmed case had been recorded in Africa. It only has two confirmed cases so far, but suspension of sports events worldwide has affected Zimbabwe’s gambling industry, which had turned into a 24/7 business in some parts of the country.
Bet shop owners in Nigeria have raised the alarm over the devastating effect of coronavirus (COVID-19), on their businesses.
In Lagos, Nigeria, Victor is one of many punters who is taking a break from online betting because of the Coronavirus pandemic. The global coronavirus epidemic has led to the cancellation of many sporting events, and in turn, is affecting many online betting companies and their customers.
Malawi is a country that’s always prided itself on doing things a little differently to the majority of African nations, and those differences are reflected in many of the country’s laws regarding what private citizens can and cannot do. Some of those laws relate to gambling.
BETTING houses have taken a huge knock from the recent global suspension of major sporting activities, particularly football.