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.
Tanzania, an East African Nation officially called the United Republic of Tanzania faces the Indian Ocean and borders seven other countries Burundi, Kenya, Malawi, Mozambique, Rwanda, Uganda and Zambia. With estimated population of over 50 million residents and 33.05 percent living in urban areas according to 2018 UN report.
Parimatch Africa has become the latest sports betting operator to switch to Fast Track CRM, the real-time player engagement platform.
The Tanzanian government has amended the gaming regulations of the state, widening the range of available licence categories, and possibly lifting an advertisement ban that was enforced in January this year.
Africa out of the 52 nations in the continent only five counties prohibits gambling. Today we take a look at Tanzania, and Morocco the impact of gambling in the two countries.
The Gaming Board of Tanzania (GBT), the regulator for sports gaming, has projected a rapid growth from which the Tanzania Revenue Authority (TRA) could harvest Sh39 billion up from Sh33.6 billion collected in the last financial year.
GAMBLING, though described as leisure activity, has in recent years turned into one of the major revenue sources in the East African Community (EAC) member states.
Sports betting in Tanzania have in the last couple of years become a favourite pastime for many young people, some for the fun of it and others for the mouthwatering gains that they are likely to accrue.
There has been a recorded steady growth in the gaming industry in Tanzania, since the 2000s. Approximately US $ 41.7 million has been accrued as revenue in 2018/2019 compared to US $ 33.8 million in 2017/2018, thus gaming prove promising prospects.
Kenya is betting on the mending of ties between President Uhuru Kenyatta and his Tanzanian counterpart, John Magufuli, to reverse the falling exports to the neighbouring nation.