Mmegi

Special mention for Botswana as Betway rakes P9bn in Africa

Global wave: Online sports betting is raging across the world, particularly in Africa where a young population and widespread mobile phone access are driving up addiction levels 
PIC: ARTIFICIAL INTELLIGENCE BY MICROSOFT BING
Global wave: Online sports betting is raging across the world, particularly in Africa where a young population and widespread mobile phone access are driving up addiction levels PIC: ARTIFICIAL INTELLIGENCE BY MICROSOFT BING

Super Group, the holding company of betting giant, Betway, made revenues of $646 million (P8.7 billion) between just January and September in Africa, with executives particularly noting the exceptional performance of Botswana since the launch of services in February.

The numbers confirm the wild take-off of online sports betting since the licencing of several operators by the Gambling Authority earlier this year. The numbers equally confirm the revenue windfall available to gambling companies that have identified Africa as the new global frontier for growth.

In results published on Tuesday, Betway noted that Africa accounted for 64% of its total revenues of $1,014 billion for the first nine months of the year.

Editor's Comment
Don't let FMD outbreak drag on

Acting Agriculture Minister, Edwin Dikoloti, is right in saying opening an export-ready facility whilst Foot and Mouth Disease (FMD) is still spreading would risk getting the whole country blacklisted before a single carcass leaves the door.A ban like that would break the already stressed nation. So, the postponement, painful as it is, is the right thing to do. The local economy is being squeezed from both ends. FMD has already slammed the door...

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