South Africa Gambling Revenue to Cross £1.85 Billion in 2021

ICE AFRICA The future of the gambling industry of South Africa looks quite bright and promising. As per the recent data and figures, the gross gambling revenue of the country is likely to exceed £1.85 billion or Rand 35 billion marks in the year 2021 which is a compounded annual growth at the rate of 5.1 percent.

According to PricewaterhouseCoopers, they are speculating the taxes and levies imposed on gambling to increase Rand 3.5 billion in 2021 at a compounded annual rate of 5.2 percent.

The auditing firms in South Africa warn not to become optimistic and hopeful because the slow economic growth of the country can become a big hurdle for the iGaming industry.

All the representatives from the gambling industry all over the Africa continent would come together at one place and will talk about the critical issues facing the iGaming sector. An event known as ICE Africa would take place on October 24 and 25 at Sandton in South Africa. It is the first time that any ICE event would take place outside the United Kingdom.

Among the several companies taking part in the ICE, the event is Boss Gaming Solutions which is a prominent iGaming software developer. The company is set to present the new betting product known as SIMPLE BET. Through this, the land-based casino operators would get a readymade solution to manage their own shops from scratch.

The COO of Boss Gaming Solutions, Catalina Lukianenko said it is a promising iGaming branch in the country with 40% increase in gross gambling annual turnover share in South Africa during the financial year 2016-17 and 2017-18. This upward growth trend is likely to continue until the year 2023 at an annual rate of 7%.

During this two day event, Boss Gaming would set up a stand so that visitors are able to explore different platforms like for instance SIMPLE GAMES, SIMPLE BET and AGames as well as the Affiliate Platform of the firm.

Background of Boss Gaming Solution

The company has been ideal gambling solutions to the land-based as well as the online casinos for several years successfully. The software developer is genuinely world class in its service and offers multiple gaming products to players that include White Label solutions, Payment Solutions, online casino slots, game software at brick and mortar casino, affiliate system, gaming platforms and other betting services.

This software provider also provides state of the art consulting service to its customers and provides licenses, manages different online casinos and developing strategies. Its clients are given support in several operational, and technical aspect related to their business and helps them get the desired results.

In the past, South Africa has faced numerous challenges in the gambling industry, and one of the biggest reasons is the slow economy. This sector has done pretty well and has been contributing to the overall growth of the country by creating numerous jobs for the local people and generating a good amount of taxes and levies to the South Africa government.

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