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Current Gambling Scenario In Africa

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Current Gambling Scenario In Africa

by Vanida Lee
May 24, 2021
in Gambling
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Current Gambling Scenario In Africa
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South America is divided regarding gambling; most countries take a liberal approach towards it, while others disallow wagering. Argentina, Peru, Panama, Costa Rica and the Dominican Republic have a regulated legal framework regarding gambling, and there are hundreds of online casino operators flocked over there. Brazilians with football are equally fond of gambling; citizens of Chile also have a passion for wagering. From both countries, you can play casino games on offshore websites. There is a big gambling following fans in Brazil, so many are advocating to legalize gambling in the country so that they can enjoy wagering on their own soil. Till then, if you reside in Brazil, you can download mega888 apk on your smartphone.

 

Gambling in Africa is getting a new breath in the recent future, both online and offline

 

On the other end of the spectrum Ecuador till 2010 gambling industry was flourishing, but when President Rafael Correa took the regime, gambling in all forms, land-based or online, was stated illegal. Despite the imposed ban, people of Ecuador can gamble at offshore websites. In South America, Cuba is the only country that strictly prohibits wagering.

 

Gambling in Africa is getting a new breath in the recent future, both online and offline. Out of fifty-four African countries, thirty have legalized all forms of gambling; in South Africa, there are more than forty casino operators. Egypt, Kenya, Botswana, Cameron, Ghana, Morocco, Namibia, Zimbabwe, Uganda and of course, South Africa are becoming global gambling destinations. The Kenyan gambling industry is expected to grow by 150% from 2014 to 2021; almost one-third of Kenyan citizens use their smartphones to gamble once in a while. The African gambling market is supposed to biggest in the sheer number of punters and attracting more daily. The huge patron base has enough potential to generate a handsome profit.

 

In many African counties where gambling is prohibited, you would not be prosecuted if caught wagering. But larger pitfall in the African gambling domain is unlicensed, unregulated casinos; they are dangerous venues to venture. Fortunately, African Gambling Board is taking stringent steps to close down illegal casinos. Even if, by chance, you are able to withdraw the winning amount from the illicit casinos, there is a huge possibility that the fund may be confiscated and assigned to Unlawful Wining Trust. This body has been established for this specific purpose. The African gaming industry is expected to grow a CAGR of 12% during the forecast period from 2020 to 2025.

 

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Vanida Lee

Vanida Lee

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