African Gaming Prospects To Be Explored At Conference in Nigeria

Africa is a vast continent of more than 1.1 billion people, and while many of the 54 countries spread out across it have their fair share of troubles, the gambling demographic on the continent is currently in the midst of an impressive growth stage. This is the view expressed by Curtis Roach, the producer of Clarion Events, which has now organized the first ever ‘World Regulatory Briefing Africa’ in Nigeria on April 11-12.
According to Roach, Nigeria is leading Africa’s gambling market when it comes to investment and potential growth, even though the country currently hosts just three land-based casinos. In 2015, for instance, Nigeria may have generated just $50 million from gambling, compared to $1.9 billion for South Africa, but the latter’s market growth is forecast to slow down through to 2018. Nigeria with a population more than three times that of South Africa, therefore, presents an attractive and obvious target for international investors.
One point of contention,however, is the huge disparity in average incomes between the two countries, which in South Africa is around $13,200, compared to just $2,800 annually for Nigerian residents. This would indicate little disposable income for gambling, but according to South Africa’s National Responsible Gambling Program this should not present a problem as according to the organization it is not the poor demographic which gamble in the country, but recreational gamblers, instead.
Looking ahead, significant challenges lie ahead in attempting to reform gambling laws across the numerous African countries. In addition, gambling still has many stigmas associated with it in various societies across the continent. Nonetheless, Curtis Roach believes positive developments are currently taking place in Africa, and as he explains:
“Thirty-five of the 47 economies in Sub-Saharan Africa implemented at least one [gaming] reform making it easier to do business in the past year.

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