LOTTOLAND GOES LIVE IN SOUTH AFRICA
Lottoland has rolled out its lottery betting offering in the South African market after the operator was granted two licences by the country’s Western Cape Gambling and Racing Board.
It has been certified to offer fixed-odds betting contingencies to South African consumers, a B2C licence, and a manufacturing licence to develop and use its own software for business operations, or B2B licence.
The fixed-odds contingencies licence has facilitated the launch of its Lottoland.co.za site, which offers odds on the outcome of more than 30 lotteries from around the world. The launch marks the first time South African players can win record jackpots by betting on draws such as the US Mega Millions and Powerball, Lottoland noted.
Its manufacturing licence will allow its Lottland Solutions B2B arm to strike partnerships with licensed bookmakers in South Africa, allowing them to offer lottery betting products to customers. The B2B offering is underpinned by Lottoland’s proprietary risk management solution, which the operator said recently paid out €90m to a single player.
“We are pleased to have been granted these licences in South Africa. Lottoland now hold twelve regulated licenses around the world – a great achievement for us and testament to us as a global brand and company,” Lottoland chief executive Nigel Birrell said.
“We strongly believe that Lottoland is uniquely placed in the South African market to be able to offer our portfolio of fixed odds lottery products and insurance related services giving South Africans the opportunity to win some of the largest jackpots in the world.