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This reflects not only Absa shifting financial priorities but also the rapid transformation of the gambling sector driven by technological advancements. Isana Cordier, Managing Executive for the Consumer Sector at Absa Corporate and Investment Banking, noted that the bank’s internal data reveals a 6% month-to-month decline in total card spending, along with an 8% fall […]
South Africans placed about R1.1 trillion in bets last year, with gross gambling revenue hitting R59.3 billion. Associate Professor in the Department of Economics at the University of Pretoria, Prof. Heinrich Bohlmann unpacks this further.
The Pietermaritzburg High Court has ordered 159 gamblers to return R13 million they collectively won from an online betting platform due to a system glitch that allowed them to gamble without risking any of their own money. In December 2023, these gamblers placed bets on a game called Betgames Instant Lucky 7, owned by Hollywood […]
The Gauteng Gambling Board (GGB) is intensifying efforts to combat illegal gambling, emphasizing its role in safeguarding communities from the risks of irresponsible and unlawful gambling. During a recent strategy planning session in Sandton, GGB CEO Karabo Mbele discussed the board’s review of its annual performance plan in response to significant shifts in the gambling […]
Goldrush Gaming & Entertainment is conducting a training session for LPM Site Operators at Bolivialodge. Various speakers are addressing important topics related to regulatory compliance, including: LPM Site Operators are encouraged to actively assist the public with issues related to responsible gambling and problem gambling. They will learn how to assist the public in recognizing […]
A fortunate individual has celebrated the arrival of spring with a life-changing win of R41 million in the latest Ithuba Lotto jackpot draw. The winner plans to purchase his dream house and car with his newfound wealth. “I’m planning to buy my dream house and car—things that would have taken me a lifetime to achieve. […]
There’s a unique energy that comes with rugby in Cape Town. The songs, the jerseys, and the electric atmosphere at DHL Stormers Stadium all contribute to making the DHL Stormers one of the most exciting teams in South African sports. That’s why SportPesa South Africa is proud to be the Official Sports Betting Partner of […]
EvenBet Gaming, a global leader in online poker software development, is excited to announce a strategic partnership with Hollywoodbets, South Africa’s premier betting brand and one of the EGR Power 50 operators. Together, they have launched one of Africa’s first fully-fledged online poker platforms, marking a significant milestone in the continent’s iGaming evolution. The new […]
The National Gambling Board (NGB) has sounded the alarm over a surge in illegal online gambling, warning South Africans to avoid unlicensed websites as enforcement efforts are stepped up. The NGB is partnering with Provincial Licensing Authorities (PLAs) and law enforcement agencies to address the issue of illegal online gambling. This initiative aims to reduce […]
South Africa’s regulatory authorities need to take inspiration from international partners and address the growing issue of online betting and gambling, which has become a ‘wild west’ causing significant social problems. This call comes from Rise Mzansi MP Makashule Gana, following India’s recent decision to ban certain forms of “online money games” and related advertising. […]
