KCS has built a magnificent national gaming infrastructure, in a market with potential of US$500 million, which
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Browsing: Kenya’s gaming sector
- Africa’s gaming market is estimated at $1.9 billion this year and will hit $3.33 billion by 2028.
- With increased connectivity, Africa’s online gaming industry is firmly on a growth trajectory.
- The pandemic slashed global revenues from the casino industry 31 per cent in 2020 compared to 2019.
It may be late in joining the casino industry but Africa’s online gaming industry is certainly making up for lost time. And it is doing so online. Currently, Africa gaming market is estimated at $1.9 billion. It is expected to reach $3.33 billion by 2028, growing at a compound annual growth rate of 11.62 per cent.
The pandemic caused a 31 per cent decrease in global casino sector income in 2020 compared to the previous year. Projections show worldwide casino hotel market will rise by an average of 4 per cent starting in 2020. As it did with the hospitality and tourism industries, …
International lottery and gaming operator Tenlot Group has acquired an 85 per cent stake in Kenya Charity Sweepstake (KSC), the country’s oldest public lottery. KSC was established in Kenya in 1966 with the aim of helping to alleviate poverty and to provide financial support to social causes.
The acquisition is meant to take advantage of a growing gaming culture in Kenya that has blossomed in the last five years. The country has seen the entry of international betting companies leading to the government coming up with tough measures to rein on them.