Gibraltar-based lottery betting operator Lottoland has been granted approval to launch its lottery betting product and B2B platform in South Africa.
Lottoland has been issued two licenses by the South African Western Cape Gambling and Racing Board.
The first is a bookmakers license to offer fixed odds betting contingencies to South African customers, while the second is a manufacturing license to develop and use the company’s own software for business operations.
Following the license award, Lottoland.co.za has gone live, enabling South African players to bet on the outcome of over 30 lotteries from around the world.
“We are pleased to have been granted these licences in South Africa,” said Lottoland CEO Nigel Birrell. “Lottoland now hold twelve regulated licenses around the world – a great achievement for us and testament to us as a global brand and company.
“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.”
Lottoland’s manufacturing license will enable Lottoland’s B2B arm, Lottoland Solutions, to partner with licensed African bookmakers and offer similar international jackpots which are insured through Lottoland.