KENYA ONLINE Slotegrator evaluates the licensing in the African online gambling market 1 year ago Iwo Bulski Post Views: 266 In recent years, Africa has become an attractive region for the future of iGaming. In this article, Slotegrator focuses on the online gambling licenses available in some of Africa’s most attractive markets – Nigeria, South Africa, Kenya, Tanzania, and Uganda. Economic growth and accelerating mobile internet penetration are transforming many African markets into viable iGaming investment opportunities. While many sportsbooks are already relatively established, online casino gaming is expected to become more accessible as the region’s telecommunication infrastructure improves and the local population’s disposable income increases. Countries like Kenya, Uganda, and Zambia only issue licenses for land-based casinos, but online operators are also able to apply. These unregulated markets which offer licenses are worth a closer look. Kenya’s Betting Control and Licensing Board and Uganda’s National Gaming Board issue licenses to both land-based and online operators, though online gambling is not formally regulated. For Kenyan operators, bookmaker licenses cost €2800 and casino licenses are €32,800, with costs rising for foreign-based businesses. Costs are similar in Uganda, with similarly higher fees for foreign-owned operations. Companies must also have a minimum capital of about €60,000 and submit a security guarantee after obtaining the license: €46,000 for bookmakers, €117,000 for casinos. In Nigeria, the lack of federal-level regulations creates friction between the National Lottery Regulatory Commission (NLRC) and the Lagos State Lotteries Board (LSLB), which both issue licenses. Each regulator has its own set of fees, and unfortunately, operators are sometimes subject to double taxation. In South Africa, online sports betting is allowed, but online casino gaming is banned. Licenses are issued locally by provincial authorities, with the Western Cape Gambling and Racing Board (WCGRB) most widely used by operators. The application fee for a WCGRB bookmaker license is about €750, and the same amount is charged in yearly fees. Prospective operators also have to keep in mind that, to obtain a license, they must pass a probity investigation, which can command its own fees. Tanzania is a fully regulated market of great interest for online casinos and online sportsbooks. License fees amount to just over €500 per month; sportsbooks pay a 6% levy on all stakes. In order to get a permit, operators are required to make significant investments in the country – $300,000 for local companies, $500,000 for foreign-based or foreign-owned ones. 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: Kenya, license, Slotegator, Uganda, Zambia Continue Reading Previous Ex-NTV’s Emmanuel Juma to Head Betting TaskforceNext Currency devaluation in Nigeria is driving a crypto boom in the country More Stories ONLINE WORLD NEWS Wazdan agrees a deal with SYNOT Interactive 1 day ago Iwo Bulski ONLINE Best Bitcoin casinos & bonuses 2 days ago Szarlot ONLINE SOUTH AFRICA Bitville Gaming South Africa Expands Its Product Bouquet through TVBET 2 days ago Iwo Bulski ONLINE WORLD NEWS America counting cost of illegal betting 2 days ago Iwo Bulski GHANA ONLINE The MGA hosts a delegation from Ghana discussing lottery regulations in Ghana 3 days ago Samuel EXPERTS KENYA 5G Technology Gives Rise To Sports Betting In Africa 3 days ago Szarlot NIGERIA ONLINE Benefits of gambling with minimal investment in Nigeria 4 days ago Szarlot KENYA ONLINE Safaricom launches M-PESA Go a product for kids aged 10 to 17 years 5 days ago Szarlot KENYA LOTTERIES How much do people spend on lottery tickets over a lifetime 5 days ago Samuel NIGERIA ONLINE SEC of Nigeria will not make cryptocurrencies part of its targets 6 days ago Samuel ONLINE SOUTH AFRICA How to watch eSports from anywhere 6 days ago Szarlot GAMES ONLINE Learn all about the Online Baccarat 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.