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Gidani
The Gidani consortium was the operator of the South African National Lottery, the most popular form of gambling in South Africa by transaction volume and value. Gidani was selected to take over operation of the lottery after the seven-year contract of Uthingo, the first operator, expired on 31 March 2007. However, following legal challenges about the award of the licence the lottery was suspended until October 2007. The Greek lottery operator Intralot INTRALOT is a Greek company that supplies integrated gambling, transaction processing systems, game content, sports betting management and interactive gambling services, to state-licensed gaming organizations worldwide. The company acts both as a ... was the technical partner to the group. Other shareholders included The Women’s Development Foundation, Vunani Capital, Partnership Investments, Nozala Investments and the Mabindu Development Trust. References Gambling companies of South Africa {{SouthAfrica-company-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South African National Lottery
The National Lottery is operated by ITHUBA Holdings, to whom the licence was granted in 2015. The lottery is regulated by the National Lottery Commission, and was established in 2000. Lottery tickets may be bought only by people of at least 18 years of age. In the 2007 fiscal year transaction values totalled R3.972 billion, with an average of five million transactions per week. In the 2012 National lottery generated R4.7 billion in sales of Lotto and Powerball tickets. Lotto is the most popular type of gambling in South Africa but Powerball has been the faster-growing for last years due to its high payouts. History The National Lottery was introduced to South Africa on 11 March 2000. At the time it was run by Uthingo. After a marketing effort that aimed to reach 80 percent of South African homes directly more than 800,000 tickets were sold in the first day of availability Nearly R70 million worth of tickets were sold in the first three weeks of operation. In October 2002 op ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Uthingo
Uthingo Management (Pty) Ltd was the operator of the South African National Lottery until March 2007. It was formed in 1996 to compete for this right amongst a total of three consortia bidding for the licence. Uthingo is not tasked with the allocation of funds to beneficiary organisations, but is instead mandated to raise revenue for the National Lottery Distribution Trust Fund. It is a fully Black Economic Empowerment compliant business, with 70% ownership locally, and the remaining 30% being owned by international players who provided the tools and knowledge to run a lottery effectively. Uthingo lost the bid to renew its license as the lottery operator to Gidani after a legal battle and negotiations with the Ministry of Trade and Industry. During that period (March to October 2007) the South African National Lottery was suspended and the first Lotto draw after Gidani took over from Uthingo was on 13 October 2007. External links Uthingo homepage Gambling companies of South ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gambling
Gambling (also known as betting or gaming) is the wagering of something of value ("the stakes") on a random event with the intent of winning something else of value, where instances of strategy are discounted. Gambling thus requires three elements to be present: consideration (an amount wagered), risk (chance), and a prize. The outcome of the wager is often immediate, such as a single roll of dice, a spin of a roulette wheel, or a horse crossing the finish line, but longer time frames are also common, allowing wagers on the outcome of a future sports contest or even an entire sports season. The term "gaming" in this context typically refers to instances in which the activity has been specifically permitted by law. The two words are not mutually exclusive; ''i.e.'', a "gaming" company offers (legal) "gambling" activities to the public and may be regulated by one of many gaming control boards, for example, the Nevada Gaming Control Board. However, this distinction is not u ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South Africa
South Africa, officially the Republic of South Africa (RSA), is the southernmost country in Africa. It is bounded to the south by of coastline that stretch along the South Atlantic and Indian Oceans; to the north by the neighbouring countries of Namibia, Botswana, and Zimbabwe; and to the east and northeast by Mozambique and Eswatini. It also completely enclaves the country Lesotho. It is the southernmost country on the mainland of the Old World, and the second-most populous country located entirely south of the equator, after Tanzania. South Africa is a biodiversity hotspot, with unique biomes, plant and animal life. With over 60 million people, the country is the world's 24th-most populous nation and covers an area of . South Africa has three capital cities, with the executive, judicial and legislative branches of government based in Pretoria, Bloemfontein, and Cape Town respectively. The largest city is Johannesburg. About 80% of the population are Black South Afri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Intralot
INTRALOT is a Greek company that supplies integrated gambling, transaction processing systems, game content, sports betting management and interactive gambling services, to state-licensed gaming organizations worldwide. The company acts both as a lottery vendor and a lottery operator. It has a presence in 53 countries and a workforce of approximately 5,400 people It is a publicly listed company in the Athens Stock Exchange. History INTRALOT originated as a spin-off of the Intracom group, owned by the Greek billionaire Sokratis Kokkalis. It originally provided infrastructure for the Greek National Lottery (OPAP), under a 1999 contract, but has since expanded its operations into a worldwide market. Intralot's games library includes a variety of games such as numerical games, TV lottery games, sports lotteries, fixed odds betting, instant lotteries, pari-mutuel, video lottery and monitor games. In December 2009, Intralot announced purchasing 35% of the American online games provid ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
