BETTING MALAWI Malawi looks to expand gaming industry with licence RFPs 3 years ago Iwo Bulski Post Views: 1,519 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 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: Malawi, sports betting Continue Reading Previous Can Google Tempt SportPesa back to Kenya?Next RedsonBet Storms Nigeria’s Sports Betting Industry More Stories BETTING HOT NEWS SOUTH AFRICA Sports betting, turnover is growing but so are suspicious matches 18 hours ago Iwo Bulski BETTING EXPERTS Is Long-Term Betting a Smart Investment Strategy? 2 days ago Szarlot BETTING KENYA MossBets Steps Up Virtual Gaming In Kenya 2 days ago Samuel BETTING NIGERIA Can Nigeria Return to the World Cup Finals in 2026? 2 days ago Samuel BETTING NIGERIA Nigerian players running rings in foreign leagues 4 days ago Samuel BETTING SOUTH AFRICA Analyzing the top 5 online sports betting platforms in South Africa 4 days ago Szarlot BETTING UGANDA Gambler accuses betting firm betPawa of refusing to pay his sh10m 4 days ago Szarlot BETTING NIGERIA PARIPESA Pays Out 500 Million Naira One-Night Win 5 days ago Samuel BETTING UGANDA Pastor closes church after winning over 100m from sports betting 5 days ago Szarlot BETTING NIGERIA BetKing Celebrates Nigeria’s New Para World Champion 1 week ago Samuel BETTING NIGERIA Why Sports Betting Continues To Gain Traction in Nigeria 1 week ago Szarlot BETTING WORLD NEWS Parimatch suspends B2C operations in Ukraine 2 weeks 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. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.