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Business
April 23, 2025
RHCO Secures Controlling Stake in Nigeria’s Morrich Lottery
Readen Holding Corporation (RHCO) a venture capital firm specializing in financial technology, digital payments, and online commerce, announced that it has signed a definitive deal to buy an 80% controlling stake in Morrich Lottery Limited, a licensed lottery operator in Nigeria. This is notably the former company’s inaugural foray into African gaming. RHCO Is Pursuing […]
Industry
January 20, 2025
Nigerian Gambling Authority Chief Discusses Africa’s Rising Regulatory Challenges
The African gambling market is at a critical crossroads, facing rising challenges from illegal operators, fragmented regulations, and the need for unified action to prevent exploitative practices. Bashir Are, CEO of the State Lotteries and Gaming Authority in Lagos, Nigeria, stressed that only cross-border collaboration could solve the continent’s gambling-related woes. Cracking Down on the […]
Industry
January 13, 2025
Google Bans Gambling Ads in Nigeria Amid Regulatory Changes
Google has issued a new ban on gambling ads in Nigeria. This measure follows the publishing of a November ruling by Nigeria’s Supreme Court. The Nigerian Regulatory Landscape Changed In November, the Supreme Court in Nigeria handed gaming regulation to the States of Nigeria, effectively annulling the National Lottery Act 2005. This marked a shift […]
Industry
November 25, 2024
Supreme Court in Nigeria Hands Gaming Regulation to States
A historic decision of the Nigerian Supreme Court has put an end to a decade-long legal battle over the authority of regulating lottery and gambling activities in the country. State Governments Gain Authority over Gaming, Lotteries The decision on Friday effectively nullified the National Lottery Act 2005, a law that governed gambling nationally. The Nigerian […]
Lottery
November 15, 2024
Nigerian Man Fakes Kidnapping to Dodge Loan Sharks
E. A., a 41-year-old man from Irolo-Remo in Ogun State, Nigeria is in even more trouble now than when he conceived a desperate plan to escape his gambling debts over what appeared to be a small sum. Man Goes to Desperate Lengths to Avoid Gambling Debt The man was arrested by police officers who found […]
Industry
February 16, 2024
Nigeria Lawmakers Consider Stopping Sports Betting
Over the last decade, the popularity of sports betting has grown exponentially. Besides North America, the activity is picking up speed in South America, Europe, as well as Asia and Africa. Currently, Nigeria has a population of 227.1 million people, and more than a quarter participates in wagering on sports daily. Data released by the […]
Sports
July 17, 2023
Stake.com Inks First African Sponsorship Deal, Teams with AWFC
The African Warriors Fighting Championship (AWFC), an African Dambe and wrestling organization, has found a mighty gambling ally. Thanks to a new agreement, the league has secured Stake.com’s backing. Stake.com is the biggest crypto betting company and one of the biggest global online gambling companies. A fervent promoter of sports, Stake.com has an existing agreement […]
Casino
May 25, 2023
EveryMatrix’s CasinoEngine Now Live in Nigeria with BetKing
Online casino gaming software provider EveryMatrix announced today that its CasinoEngine platform went live with KingMakers’ betting brand BetKing via a single integration. The Partnership Bears Fruit The integration of EveryMatrix’s CasinoEngine into BetKing’s platform is set to enrich the product offering for Nigerian online casino players with the industry’s largest casino content library. It […]
Industry
March 30, 2023
Better Collective Breaks Ground in Africa with PUNCH
Sports betting media group Better Collective announced today it has entered into a content and commercial media partnership with a prominent digital media publisher in Nigeria, PUNCH Nigeria Limited. A Continent of Sports Betting Enthusiasts The new content partnership Better Collective signed with PUNCH represents the group’s first step in Africa where the population of […]
Casino
January 24, 2023
BetBonanza Expands Content Offering Via ESA Gaming Deal
ESA Gaming, a provider of innovative casino games, has made a foray into Nigeria thanks to a deal that will see it supply the gaming and sports betting operator betBonanza with content. BetBonanza Secures Content from ESA Gaming As a fast-growing company, betBonanza is always looking to enhance its content offering by adding more games. […]