Ladbrokes Suggests A South African Sports Betting Association

LADBROKES SUGGESTS A SOUTH AFRICAN SPORTS BETTING ASSOCIATION

22nd December, 2011 at 10:58:57
Source: http://www.azonlinecasinos.com

Trade association could promote best practices and standardisation.

The South African office of betting group Ladbrokes has suggested that a trade association of gambling groups operating legitimately in the South African online gambling market should be established to promote best practices and standardisation.

Speaking to IOL Business News, Ladbrokes SA marketing manager Anli Kotze said: Sports betting is relatively new to the South African market and although it is a highly regulated industry, an industry association will establish collaboration between licensed operators, regulators and our customers.

Such an association would also provide the industry with a unified voice on industry and regulatory issues, she added.

SA's online sports betting market is currently worth about Rands 660 million and is expected to grow to about Rands 800 million over the next two years. Unlicensed online sites operating illegally within SA are currently costing the government millions in lost tax revenue and are affecting the potential growth of legal online operators, Kotze claimed.

Her company entered the South Afrcian online sports betting market in August this year (see previous report) under a licence from the Western Cape Gambling and Racing Board.

Related News Tags: ,



« News index »



FANTASY SPORTS BRANCHES OUT INTO LAND TERMINALS

27th August, 2016 at 08:22:49
Punters in sports bars, restaurants and fraternal lodges can now participate.

ONLINE GAMBLING GROUP RECAPS RECENT ACHIEVEMENTS

26th August, 2016 at 09:06:09
Newgioco Group continues to expand.

SKY BETTING AND DANSKE SPIL RAMP UP ACTION ON E-SPORTS

26th August, 2016 at 09:06:09
"This is the future of sports, and we have to focus on that so we don't get left behind," says Sky Betting exec.

NEW MBIT CUSTOMER VIP REWARDS PROGRAMME

24th August, 2016 at 15:10:09
Rewards for continued activity.

PLAYSON LAUNCH ART OF THE HEIST

24th August, 2016 at 15:10:09
Vincenzo features in Museum heist-themed game.