iGaming solutions supplier SOFTSWISS has secured South African certification for its Casino Platform and Sportsbook. The company has received a Letter of Certification (LoC) from the National Regulator for Compulsory Specifications (NRCS), securing approval under the South African B2B manufacture license.
This license was initially obtained by Turfsport, a South African software supplier with 35 years of industry experience. Earlier this year, SOFTSWISS strategically acquired a major stake in Turfsport, aligning their product portfolios. With this certification, SOFTSWISS expands its offerings in the burgeoning South African market.
“South Africa will be one of the key markets for SOFTSWISS in the coming years. It has immense potential, driven by increasing internet penetration, lower mobile internet costs, and affordable mobile devices. Additionally, the local audience shows a strong interest in gambling, which further supports our decision to expand here,” Vitali Matsukevich, Chief Operating Officer at SOFTSWISS, said.
According to an InfoQuest survey, sports betting is the most common form of gambling in South Africa, with people placing bets on sports about 12 times a month on average. Casino gambling and horse betting are most popular on weekends, while lottery and online betting happen throughout the week because they are easily accessible online. The survey also reveals that the average gambler engages in three different types of gambling multiple times a month.
The recently published SOFTSWISS South African market review highlights a growing interest in esports and fantasy sports, particularly among younger, tech-savvy demographics. Statista reports that 51% of South African survey participants are interested in esports betting, while the National Gambling Board (NGB) notes that 39% are inclined towards fantasy sports betting, especially in popular sports like soccer, cricket, and rugby. These trends align with global patterns and suggest a promising future for these sectors in the region, the company said.
Original article: https://www.yogonet.com/international/noticias/2024/07/04/72949-softswiss-secures-south-african-certification-for-casino-platform-and-sportsbook
