BETTING KENYA Newgioco’s Virtual Generation Expanding in Africa 3 years ago Iwo Bulski Post Views: 653 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 EXPERTS KENYA KRA gains more from gaming and betting collections 21 hours ago Iwo Bulski EXPERTS KENYA Betting firms inflating sponsorships to avoid taxes 21 hours ago Szarlot BETTING ZAMBIA How to bet on Sport in Zambia – Tips for Beginner 2 days ago Szarlot EXPERTS KENYA Kenyan Govt Invites Public Submissions in the Creation of National Lottery 2 days ago Szarlot BETTING ZAMBIA Betway Casino Taking Zambia By Storm 2 days ago Szarlot EXPERTS KENYA Naira Marley advises Muslims to forget betting during Ramadan 3 days ago Samuel KENYA LOTTERIES Ruto boosts national lottery plan with two new Bills 3 days ago Szarlot BETTING HOT NEWS SOUTH AFRICA Sports betting, turnover is growing but so are suspicious matches 6 days ago Iwo Bulski BETTING EXPERTS Is Long-Term Betting a Smart Investment Strategy? 7 days ago Szarlot BETTING KENYA MossBets Steps Up Virtual Gaming In Kenya 7 days ago Samuel BETTING NIGERIA Can Nigeria Return to the World Cup Finals in 2026? 7 days ago Samuel EXPERTS KENYA The Future of Online Lotto Payments: Cryptocurrencies and Digital Wallets 1 week 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.