Tag Archives: South Africa

Craig Venter aims for South African market takeover with ClickaBet

South African businessman Craig Venter has announced the launch of his new enterprise ClickaBet, in partnership with African online gambling specialist BetTech Gaming. Venter the former CEO of electrical unit and circuit supplier Altech Corp, detailed to local media that he had been working on the new project for the past 15 months. The businessman further declared that it was …

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Tabcorp and German Tote to pool totalisators

Germany’s totalisator is the latest to join Tabcorp’s multi-billion dollar wagering pools, following an agreement completed between Tabcorp and German Tote. German Tote is majority-owned by French wagering operator Pari Mutuel Urbain (PMU), while German racetracks (BGG Betriebsgesellschaft der Galopp-Rennvereine mbH) also have a minority stake. The deal will involve the German Tote taking all Australian thoroughbred and harness racing and co-mingling their …

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ICC charges cricketer for breaching Anti-Corruption Code

The International Cricket Council (ICC) today confirmed that it has charged and provisionally suspended Hong Kong cricketer Irfan Ahmed with an offence under Article 2.4.2 of the ICC Anti-Corruption Code (effective from 10 October 2012 to 10 November 2014). As reported in the Sydney Morning Herald, Ahmed has been charged with the anti-corruption offence after being approached by one of …

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Andy MacKenzie – what punters are predicting for Rugby World Cup

Andy MacKenzie of spread betting firm Spreadex reveals what spread betting punters are making of the Rugby World Cup. Rugby World Cup fever is about to envelope the nation and spread betters are also salivating at the prospect of six weeks of in-play betting opportunities, starting with England v Fiji on Friday. A total of 20 nations will compete in …

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Trade report labels South Africa’s NGB in a “sorry state”

South Africa’s National Gambling Board (NGB) have been described as being in a “sorry state” by a report commissioned by the Department of Trade & Industry on irregularities which led to last years suspension of the board. The preliminary report presented by Dr Rob Davies to the Portfolio Committee on Trade & Industry, gave insight into the financial affairs of …

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Andy MacKenzie – Spreadex – Spread betting trends on the Cricket World Cup

Andy MacKenzie, Marketing Communications Manager for sports and financial betting company Spreadex – the only bookmaker to offer fixed odds and spread betting from one account, takes a look at some of the trends that the spread firm has encountered during the Cricket World Cup. There have been thrills and spills galore so far at the Cricket World Cup with …

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PWC expects no igaming agenda for South Africa

Accountancy firm PWC has stated that the South African government is unlikely to open and regulate its online gambling market, due to continued governmental stalling on the issue and concerns regarding gambling addiction. Nikki Foster Gambling Industry Leader for PWC South Africa, commented that South Africa’s government had been working to introduce online gambling regulations for the past decade, however …

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Risky business – why investors should beware grey market operators

Scott Longley, editorial director at Regulus Insights, analyses the concept of risk for dotcom operators and their investors. The 9% share price fall that prompted Playtech to issue a stock exchange statement late last week was only the most recent example of how listed gambling companies suffer more than most from the financial market phenomenon of risk on/risk off. This …

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SA National Gambling Board to be scrapped

South Africa’s National Gambling Board is to be scrapped after controversy surrounding international expenses, according to Trade and Industry Minister Rob Davies. The minister said that the National Gambling Board – which spent R4.1m (£230,000) on travel in the last three years, including a trip to Las Vegas which cost over R1m (£56,000) – told Parliament that the organisation would …

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Trade Minister suspends South African Gambling Board

South Africa’s Trade & Industry Minister Rob Davies has suspended the country’s National Gambling Board pending the outcome of a forensic investigation. The Trade & Industry ministry has confirmed its actions, stating that the National Gambling Board had been temporarily suspended pending further information. However it remained silent on its reasons for the actions undertaken. Spokesperson Sidwell Medupe says two …

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