African online gambling market attracts plenty of investor curiosity. Slotegrator’s team explains not only the licenses available in juicy markets like Nigeria, South Africa, Kenya, Tanzania, and Uganda, but also mentions closed markets, unregulated markets and the markets that are not regulated, however they offer licenses.
Press release.- Are you interested in launching a sportsbook or an online casino in Africa? Keep reading to learn everything you need to know about the licensing costs in some of the most exciting emerging markets on the continent.
In recent years, Africa has gradually turned into one of the most attractive regions for the future of iGaming. Many African countries are enjoying steady economic growth.
While the pandemic caused the first GDP contraction in the region in a quarter-century, local economies are quickly bouncing back and expected to record a 3.4 per cent growth in 2021.
The main factor contributing to the region’s attractiveness for iGaming operators is the accelerating rate of mobile internet penetration, which is finally making African countries viable for investments in the sector.
While sportsbooks are relatively established and raking in considerable numbers, the market is still mostly untapped for online casinos, mainly due to the higher internet data consumption associated with it.
Online casino gaming is expected to become more and more accessible as the region’s telecommunication infrastructure gets better and the local population’s disposable income increases.
The process of launching a sportsbook or an online casino starts not with choosing the games or platforms, but with finding out jurisdictional matters of the region where a business is going to operate.
Read the full article to know everything about licensing in African exciting iGaming market.