BETTING KENYA Newgioco’s Virtual Generation Expanding in Africa 2 years ago Iwo Bulski Post Views: 574 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 (“VG”) has resulted in rapid adoption and expansion with five new distribution agreements in Africa. The Company will provide a variety of virtual sports products including our popular new Color Lotto games through distribution agreements in Kenya and other regulated regions in Africa, with the first location opened on March 4, 2020. In addition to the recently announced operator contracts in Central and South America, VG is rapidly expanding in Africa due to key technological advantages that deliver consistent economic performance for retail operators. VG has built a solid reputation for producing unique, regionally focused virtual sports games, and is currently developing our virtual Keno, American Roulette and indigenous virtual games for tribal markets in the U.S. “The recent suspension of live sports events around the world has given rise to greater demand for non-sports online entertainment products. As an alternative to live sports, the superior technology of our Virtual Generation virtual sports and games provide a highly entertaining solution for gaming operators, and further reflects the strength of our diversified product portfolio,” – stated Company Chairman and CEO, Michele Ciavarella. “As part of executing our global diversification plans, we are taking both our virtual and real sports solutions to many of the largest betting regions in the world. Africa is one of the fastest growing and most exciting regions in the global online gaming market with gross gambling revenue that reached approximately $500 million in 2018 and expected to grow to approximately $820 million by 2025. This growth is driven in large part by a rise in the availability of online sports betting and African’s passion for sports. By establishing a foothold in the region, we are positioning Newgioco to capture a meaningful share of gaming revenue in Africa.” About Newgioco Group, Inc. Newgioco Group, Inc., is a global leisure gaming technology company, with fully licensed online and land-based gaming operations and innovative betting technology platforms that provide bet processing for casinos and other gaming operators. The Company conducts its business under the registered brand Newgioco primarily through its internet-based betting distribution network on its website, www.newgioco.it as well as in retail neighborhood betting shops throughout Italy. 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: Newgico, sports betting Continue Reading Previous Coronavirus wreaks havoc on sports betting industryNext How will punters fare to new gambling approach? More Stories BETTING NIGERIA All About Cricket Betting 13 hours ago Iwo Bulski EXPERTS KENYA Poor tax policy erodes Kenya’s investor attractiveness – survey 13 hours ago Szarlot BETTING KENYA Kenyan government orders all operators to close for election day 14 hours ago Iwo Bulski BETTING KENYA The government should work with the betting industry 1 week ago Iwo Bulski KENYA ONLINE The influencers paid to push hashtags 1 week ago Iwo Bulski BETTING KENYA Eighteen new firms enter booming betting arena 1 week ago Iwo Bulski EXPERTS KENYA Kenya launches AML probe focusing on betting operations 1 week ago Iwo Bulski EXPERTS KENYA Digital scams have hit Kenya’s gambling and travel industry 2 weeks ago Samuel BETTING KENYA Tanzania joins Kenya, Uganda tax squeeze on gamblers’ winnings 2 weeks ago Iwo Bulski BETTING HOT NEWS KENYA BCLB clears 11 betting companies to receive operating licenses 2 weeks ago Samuel BETTING SOUTH AFRICA South African start-up wagers on peer-to-peer betting 2 weeks ago Szarlot BETTING GHANA Betway charts path in compliant sports betting with conferences 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.