BETTING NIGERIA Interwetten enters Africa for the first time with Nigeria launch 4 years ago Iwo Bulski Post Views: 2,679 Interwetten has entered the African market for the first time, after receiving a license to offer sports betting in Nigeria. Regulatory body, the National Lottery Regulatory Commission (NLRC), awarded the operator a national license that allows it to offer sports betting and associated products in Nigeria, via interwetten.ng. The brand will offer sports betting, virtual sports and esports on both mobile and desktop, while streamlining its website to adapt to the Nigerian market. Market entry will be accompanied by marketing campaigns, including using a former Nigerian national football team player, while Interwetten aims to participate in local social projects. Interwetten Speaker of the Board (CEO) Dominik Beier said: “The market holds some challenges but also a variety of opportunities for us. The enthusiasm for sport and betting in this country is enormous. We can produce a product with the highest European standards and I am confident it will be well received. It is a real milestone in the successful history of Interwetten; we are proving once again to be a first mover in the industry.” In January, the operator announced its best-ever financial results, with 2019 revenue increasing 25% year-on-year to €99.5m ($111.8m), and betting stakes rising 30% to more than €2bn for the first time. Nigeria is an emerging sports betting market worth an estimated $2bn, with an estimated 84% of online traffic coming from mobile devices. Source: gamblinginsider.com About Post Author Iwo Bulski Issues related to the gambling business is engaged in more than 30 years. My empirical experience gives me the opportunity to present events and companies from this business with full knowledge and industry knowledge. See author's posts Iwo BulskiIssues related to the gambling business is engaged in more than 30 years. My empirical experience gives me the opportunity to present events and companies from this business with full knowledge and industry knowledge. Facebook Twitter LinkedIn Email Print Tags: Interwetten, Nigeria Continue Reading Previous What is the most popular sport in Africa?Next What sports are practiced during coronavirus that you can bet on More Stories NIGERIA ONLINE Residents of Nigeria, Turkey, and UAE Most Likely to Own Crypto 9 hours ago Samuel BETTING NIGERIA Influencers are getting young Nigerians hooked on online gambling 13 hours ago Samuel BETTING KENYA Is online sports betting a popular hobby? 2 days ago Samuel BETTING KENYA Payouts to gamblers thin out as fresh taxes hit winners 2 days ago Samuel EXPERTS NIGERIA From savannah to silicon: Africa’s tech emergence unfolds 4 days ago Samuel BETTING KENYA Odibets To Reward Customers With 100 ‘Mbuzis’ For Christmas 4 days ago Samuel EXPERTS NIGERIA CBN to Freeze Bank Accounts without BVN, NIN from March 2024 4 days ago Szarlot BETTING GHANA Bangbet is now available on Google Play Ghana! 4 days ago Szarlot BETTING KENYA Sportspesa risks losing license if found guilty of disobeying court order 7 days ago Szarlot BETTING KENYA Gamblers stake Sh620 billion in four years as betting craze rises 1 week ago Szarlot NIGERIA ONLINE Nigeria’s Economic Landscape and Forex Trading 1 week ago Szarlot BETTING NIGERIA Nigerian Bookmakers Strengthen Partnership with Gamble Alert 1 week ago Samuel Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.