A crowd at the SBC summit Barcelona 2021

SBC SUMMIT BARCELONA – The Global Betting and iGaming Show

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The SBC Summit Barcelona conference and exhibition is where global leaders in sports betting and iGaming assemble to discuss the future of the industry, exchange knowledge, and build powerful connections. The event already established itself as a must-attend event in the calendar of sports betting and iGaming industry professionals by offering delegates the unique opportunity to reach and network with thousands of attendees from all across the globe and covering all industry verticals.
In 2023, from the 19th to the 21st of September, SBC Summit Barcelona returns to Fira de Barcelona Montjuïc for its third edition in what promises to be the biggest-ever SBC event. Join the industry in Barcelona to explore the most-anticipated product releases across a 38,000 m² exhibition floor that features 350+ world-class operators, suppliers, affiliates, media, and start-ups.

KEY SPEAKERS

With 15,000 industry professionals expected to attend, 4500 of which are operators, 1500 Affiliates, over 350 exhibitors with 450 top-level speakers that include key C-level professionals in the global gambling industry e.g. Mathew Ball – Pioneering Tech Authority, Venture capitalist & Best-selling Author of the Metaverse, Daniel Taylor – CEO Flutter international, Jesper Svensson – CEO Operations Betsson Group, Karsen Fogh – CEO Danske Spil, Gustaf Hagman – CEO & Founder LeoVegas Group, Paris Smith – Advisor Pinnacle Sports, James Curwen – CEO Online OPAP, Fabio Schiavolin – CEO SNAITech, Fredrik Wastenson – CEO Svenska Spel Sports & Casino, Maarja Part – CEO YOLO Group,  Alexander Martin – CEO SKS365, Sam Sadi – CEO Livescore Group among others as the list is long and HOT!

ARRANGEMENT

The floor space has been split into 5 separate zones to make it easier for the delegates to navigate the exhibition and identify the companies that are relevant to their business. The Sports Betting, Casino & iGaming, Payments and Compliance, Affiliate, Marketing and Media and Emerging Tech, Blockchain, and Metaverse will each have their own conference stage, exhibition floor, and networking areas.

The busy conference schedule will boast an unrivaled speaker line-up of 450 industry professionals delivering 80 hours of content across the 8 conference rooms, covering sports betting, casino, iGaming, payments, emerging technologies, innovation, digital marketing, and safer gambling. Additionally, our Full Event Passes give you unrivaled networking opportunities at the hottest spots in Barcelona, where you can connect with influential decision-makers from some of the biggest names in the industry.

SPORTS BETTING ZONE

The Sports Betting Zone at SBC Summit Barcelona is the place to discover everything that is happening in the global sports betting industry. It represents the year’s best opportunity for you to meet influential senior executives and specialists from major international operators, exchange ideas about the latest industry developments, and view the next generation of sportsbook products from innovative suppliers.

Dive into key issues such as the evolving relationship between operators and media companies, the future of esports betting, sports integrity, exclusivity in data rights, and sportsbook product innovation during a series of panels on the Sports Betting Stage.

You can also visit the Sports Betting Zone’s exhibition, which is the place to learn about the new products and services that could give your business a competitive advantage.

The representatives from the hundreds of operators participating in the Sports Betting Zone include C-Level executives and other key decision-makers, such as Sportsbook Directors, Product Directors, and Trading Directors.

And we shall be wrapping it all up in style at “The Magnificent SBC Awards” which will be held at Caves Codorniu, Barcelona, Spain. See key highlights below and click on this link to get more info: https://sbcevents.com/sbc-awards/

Venue address:

Caves Codorniu

Avda. Jaume Codorniu, s/n, 08770, Barcelona, Spain

ON THE EVENING

The SBC Awards 2023 begins at 19:00 when coaches depart from the Fira towards Caves Codorniu, scheduled to arrive at 19:40.As well as the awards ceremony the evening also includes unlimited complimentary beer, wine, and spirits all night, as well as entertainment and DJ.

This year the awards are set to be an evening to remember for the Sports Betting Community so miss at your own risk, Be in Barcelona or be nowhere  “Salud”

Click this link to Register and attend: https://sbcevents.com/sbc-summit-barcelona/

The Betting Industry in Africa: Navigating Economic Recessions and Staying Profitable

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Africa stands out as a key market in betting and gambling for the future, with its online and offline sectors expected to reach $2 bn by 2023.

The betting sector in Africa has consistently held a prominent role within the country’s financial landscape. Faced with worldwide economic changes and contemporary business hurdles, bookmakers have been compelled to evolve and introduce novel strategies to sustain their profitability. One of them, digitalization, found itself in the widespread use of mobile betting software from trusted companies, such as the Betway app. This article delves into how the betting industry in Africa has managed to navigate economic recessions and what strategies they’ve employed to stay profitable in the current state of business.

STATE OF THE BETTING INDUSTRY IN AFRICA IN 2023

THE CURRENT LANDSCAPE

The online gambling sector has seen substantial growth globally, and Africa is no exception. In 2023, Africa’s online sports betting sector is anticipated to hit a valuation of US$350.50m, according to Statista. Meanwhile, by the end of 2022, the online portion of the broader African gambling market had an estimated value of approximately $2.2bn. Projections indicate a notable increase in this value as we approach the end of 2023.

KEY DRIVERS OF GROWTH

Several factors are driving the growth of the betting industry in Africa:

  • Rising Middle Class: Poverty levels are gradually declining, leading to an increase in the middle class with disposable income for betting and gambling.
  • Digital Transition: The surge in smartphone usage and internet access has made online gambling more accessible. By 2022, about 64% of the African population owns smartphones, and this figure is predicted to climb to 70% by 2025, according to the Global System for Mobile Communications (GSMA). Additionally, nearly half of these smartphone users consistently access the internet.
  • Online Payment Solutions: The development of online payment solutions that bypass traditional banking systems has facilitated quick and low-cost online payments, further boosting the industry.

MAJOR PLAYERS IN THE AFRICAN MARKET

Africa stands out as a key market in betting and gambling for the future, with its online and offline sectors expected to reach $2 bn by 2023. This is attributed to its high GDP, which enhances people’s purchasing power. Remarkably, South Africa contributes 50% of the entire gambling revenue in Africa, with a significant portion coming from the sports betting industry, making up approximately 24%. Research shows that nearly half of South Africans engage in sports betting, a figure that is anticipated to grow twofold within the coming five years.

NAVIGATING ECONOMIC RECESSIONS

DIVERSIFICATION IN THE BETTING INDUSTRY

Diversification is a strategy that broadens the array of offerings to mitigate risks and capture a diverse audience. For bookmakers, this means venturing beyond conventional betting methods to ensure stability and growth.

BENEFITS OF DIVERSIFICATION

  • Risk Reduction: By not relying on a single revenue stream, bookmakers can cushion themselves against unforeseen market downturns in any particular segment.
  • Access to New Markets: Diversifying offerings can open doors to new customer segments that were previously untapped.
  • Increased Revenue: Multiple betting avenues mean multiple revenue streams, leading to overall business growth.

EXAMPLES OF DIVERSIFICATION IN BETTING

  • On-the-Go Betting Platforms: Dedicated apps offer the convenience of placing bets, tracking results, and managing accounts anytime, anywhere.
  • Immersive Experiences with AR and VR: These technologies offer a lifelike betting ambiance, enriching user experience.
  • Online Casinos: Incorporating casino games like slots, poker, and roulette provides an alternative entertainment source for bettors.

EMBRACING TECHNOLOGY IN THE BETTING INDUSTRY

THE DIGITAL TRANSFORMATION

The integration of technology in betting is not just a trend but a necessity. Modern bettors demand seamless experiences, instant results, and interactive betting options.

BENEFITS OF EMBRACING TECHNOLOGY

  • Enhanced User Experience: Technology allows for live streaming, instant updates, and interactive betting, enhancing the overall user experience.
  • Operational Efficiency: Automated systems reduce operational costs and human errors.
  • Data Analytics: Technology provides valuable insights into user behavior, preferences, and betting patterns, enabling bookmakers to tailor their offerings.

EXAMPLES OF TECHNOLOGICAL INTEGRATION

  •  Mobile Betting Apps: These apps allow users to place bets, check results, and withdraw winnings on the go.
  • Augmented and Virtual Reality: AR and VR can provide immersive betting experiences, making users feel like they’re in a real casino or sports event.
  • Blockchain and Cryptocurrencies: These technologies ensure secure, transparent, and fast transactions.

REGULATORY COMPLIANCE IN THE BETTING INDUSTRY

IMPORTANCE OF REGULATORY COMPLIANCE

Regulatory frameworks are designed to ensure ethical practices, safeguard consumers, and uphold the betting industry’s reputation. Adherence is crucial for credibility and trust.

BENEFITS OF REGULATORY COMPLIANCE

  • Trust Building: Customers are more likely to bet with bookmakers they perceive as trustworthy and compliant with local laws.
  • Avoidance of Legal Repercussions: Non-compliance can lead to hefty fines, license revocations, and legal actions.
  • Sustainable Business Growth: A compliant business is a sustainable one, ensuring long-term growth and profitability.

KEY ASPECTS OF REGULATORY COMPLIANCE

  • Licensing: Obtaining and renewing licenses from relevant authorities is fundamental.
  • Fair Play and Transparency: Ensuring games and betting options are not rigged and providing transparent terms and conditions.
  • Responsible Gambling: Implementing measures to prevent underage gambling, setting betting limits, and promoting safe gambling practices.

STAYING PROFITABLE IN THE MODERN LEGAL BUSINESS ENVIRONMENT

CUSTOMER-CENTRIC APPROACHES

Modern bookmakers prioritize customer experience by offering personalized betting options, loyalty programs, and efficient customer service.

RESPONSIBLE GAMBLING INITIATIVES

Promoting responsible gambling not only builds trust but also ensures long-term customer engagement. Bookmakers have set betting limits, self-exclusion options, and awareness campaigns to promote safe gambling practices.

MARKET RESEARCH AND ANALYSIS

Understanding market trends, customer preferences, and emerging technologies is crucial. Bookmakers invest in research and analysis to stay ahead of the curve and offer relevant betting options.

CONCLUSION

The betting industry in Africa, like many sectors, faces its share of challenges. However, by adapting to the changing economic landscape, embracing technology, and prioritizing customer experience, bookmakers have managed to navigate economic recessions and remain profitable. As the industry continues to evolve, those who stay agile and responsive to market needs will undoubtedly thrive.

Source: The SouthAfrican.com

iTHUBA Awarded Uganda National Lottery

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The Ugandan government has issued a 10-year licence to Ithuba Uganda, a subsidiary of South African firm Ithuba, to run a national lottery in what Finance Minister Matia Kasaija said was a move to raise public funds and support social causes. Kasaija said the signing of the partnership was a sign of ‘Ubuntu’ and would go a long way in strengthening relations between Uganda and South Africa. The duration of the National Lottery agreed is for a period of 10 years.

The National Lottery’s mission is to boost government revenue through a portion of gross sales, including gaming tax (approx. Shs 87 billion), and non-tax revenue (approx. Shs 60 billion) for good causes annually.

The generated revenue holds a noble purpose—it will empower initiatives in vital sectors: public infrastructure, education, health, and sports development. Together, we’re making a positive impact.

The National Lottery is also an agent of change. There is an anticipated creation of 1700 direct jobs for Ugandan Nationals, with the ripple effect extending to numerous indirect employment opportunities.

The National Lotteries and Gaming Regulatory Board is mandated and will be responsible for the supervision of the activities and operations of the National Lottery and its operator.