On July 2, SOFTSWISS announced that it had successfully obtained the casino platform and sports betting certification from the National Compulsory Standards Regulator (NRCS) of South Africa. ,marks the company's gambling in the region further expansion of the market. The company received a Letter of Certification (LoC) from South Africa’s National Regulatory Authority for Compulsory Standards (NRCS) for the Casino Platform and Sports Betting Book and is certified under a South African B2B manufacturing license.
This license is originally owned by South African veteran software provider Turfsport , while SOFTSWISS strategically acquired a majority stake in Turfsport earlier this year, further strengthening their position in the South African market. This certification not only expands SOFTSWISS's market share in South Africa, but also lays the foundation for its future growth in the region.
Vitali Matsukevich, chief operating officer of SOFTSWISS, said that the South African market has huge potential, thanks to the increase in Internet penetration, the reduction in mobile Internet costs, and the popularity of mobile devices. In addition, strong local interest in gambling is also an important factor in the expansion strategy.
InfoQuest survey shows that sports betting is the most popular betting in South Africa One form, the average person bets on sports about 12 times a month. Casino betting and horse racing betting are particularly popular on weekends, while online lotteries and betting have higher participation rates throughout the week due to their convenience. These figures highlight the importance and popularity of gambling in South African society.
In addition, the SOFTSWISS report highlights South Africa’s skilled youth The growing interest in esports bodes well for these emerging areas of gambling in South Africa.
Overall, SOFTSWISS's successful certification and market success in the South African market The report shows its optimistic view on the market potential of the region and the strategic importance of future expansion in this region.
