ICE Africa To Discuss Issues Facing South Africa’s Gambling Industry

ICE Africa To Discuss Issues Facing South Africa’s Gambling Industry October 19, 2018 October 19, 2018 Carolyn Dutton
 General October 19, 2018 by Carolyn Dutton

ICE AfricaThe future of South Africa’s gambling sector looks bright as recent figures show the country’s gross gambling revenue (GGR) is set to exceed R35 billion (£1.85 billion) in 2021. This represents a 5.1 percent compound annual increase. PricewaterhouseCoopers is also predicting gambling levies and taxes will rise to R3.5 billion in 2021, at a 5.2 percent compound annual rate.

However, the auditing giant warns of not being too optimistic as South Africa’s slow economic growth may become a stumbling block for the gambling industry.

Representatives from the gaming industry throughout the African continent will come together and discuss relevant issues facing the sector at the upcoming ICE Africa event which is due to take place on Oct 24 – 25 in Sandton, South Africa. This marks the first time ICE is being held outside the UK.

Among the companies taking part in the event is iGaming software developer BOSS Gaming Solutions. The firm will present its new betting product SIMPLE BET which offers a ready-made solution, making it easy for land-based operators to manage their own shops from scratch. BOSS COO Catalina Lukianenko said betting is a promising branch of iGaming in South Africa, enjoying a 40 percent increase in gross gambling turnover share in the country during the 2016-2018 period. The upward trend is set to continue through 2023 at a growth rate of 7 percent.

During the two-day ICE event, BOSS Gaming will set up a stand to enable visitors to explore BOSS platforms such as AGames, SIMPLE BET, SIMPLE GAMES, as well as the firm’s Affiliates Platform.

BOSS Background

BOSS has been providing top of the line land-based and online gaming solutions for years. It is an independent world-class software developer offering a wide array of gaming products which include sportsbook and betting services, gaming platforms, affiliate system, land based casino software, own online casino slots, payment solutions, as well as White label solutions.

The company also provides consulting services to its clients and offers support in getting licenses, managing online casinos and developing strategies. It assists clients in the technical and operational aspect of their business and helps them get desired results.

Though the gambling industry has faced numerous challenges in Africa, the sector has done well and contributes to the country’s economic growth by creating jobs for locals and generating significant taxes for the government.

Carolyn is our legislation expert, with a background in law she is able to cover the current state of gambling around the world