BETTING MALAWI Malawi looks to expand gaming industry with licence RFPs 7 months ago Iwo Bulski Post Views: 369 The Malawi Gaming Board is preparing to launch a request for proposals (RFP) process to award additional sports betting, casino and wide area progressive licences in the country. Prospective applicants have until 18 November to register their interest in applying. The full details of the regulatory requirements to be set out in the RFP document, which will be released to companies and individuals that pay a MWK150,000 (£160/€186/$205) fee. This document will also establish the criteria by which the regulator will assess the proposals it receives. The process could significantly expand Malawi’s betting and gaming industry, which is centred predominantly in the cities of Blantyre and the capital, Lilongwe. Currently there is just one sports betting licence holder, Premier Bet Malawi, which is active in both the retail and online channels, despite there being no online-specific regulations. There are three land-based casinos; the Colony Club in Blantyre, and Lilongwe’s American Palace Pirates Casino and Casino Marina. For wide area progressives, there are a number of licensees across the northern, central and southern regions of the country. While Malawi has regulated gambling since 1998, the legislation has only been updated once, in 2015. A 12.5% gross revenue tax is imposed on all gaming products. In the Gaming Board’s annual report for 2018, published in July this year, total gross gaming revenue generated over the twelve months to 31 December 2018 grew 20.7% year-on-year to MWK5.71bn. At the time, chief executive Barnett Maliro noted that two additional sportsbook licensees were likely to begin operations before the end of 2019, with a new lottery licence to be issued. In June, Premier Lotto Malawi, a subsidiary of Premier Bet, also launched Premier Lotto 5/90, the country’s first fixed odds lotto game. Source: igamingbusiness.com 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: Malawi, sports betting Continue Reading Previous Can Google Tempt SportPesa back to Kenya?Next RedsonBet Storms Nigeria’s Sports Betting Industry More Stories BETTING TANZANIA BtoBet partners with principal retail casino in Tanzania 3 hours ago Iwo Bulski BETTING WORLD NEWS Betting shops set for 15 June reopening in England 1 day ago Szarlot BETTING KENYA Bundesliga is Back! What a boost to Football Betting in Africa! 1 day ago Peter Situma BETTING African bookmakers have suffered greatly from covid 19 2 days ago Iwo Bulski BETTING TANZANIA Resumption of Tanzanian Football Premier League 2 days ago Peter Situma BETTING TANZANIA Is Tanzania’s Sports Betting industry worth the cost? 3 days ago Szarlot 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. This site uses Akismet to reduce spam. Learn how your comment data is processed.