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  •| June 23, 2019 at 5:26 pmReply

    1.5 billion in gambling revenues per year), it is still notable considering that Nigeria
    currently only has a total of 3 licensed and regulated land casinos
    when compared with South Africa’s 38 dotted across its nine
    provinces. Add to that how Nigeria’s gambling laws, rules and regulations can best be described as needing a major overhaul.
    That said, there are no laws to prevent Nigerians from visiting offshore-owned and operated casino, betting
    and gaming sites that are willing to accept them if they so choose.
    The Gaming Machines (Prohibition) Act was passed in 1977 to make owning and playing on gaming machines (defined by Nigerian authorities as coin or token operated
    gaming devices) illegal. As such, contravention of this Act can result in up to one year in prison as well as the confiscation of illicit proceeds and the machines
    by the Government.

    Under the terms of the Criminal Code Act it is illegal for anyone in Nigeria to offer unlawful or illegal games or gambling activities at any unlicensed venue or
    property. If caught, the facilitator of unlawful gaming can be jailed for up to two years as well as subject
    to a 1000 Naira fine. Even though Nigeria is an enormous country, it still only has three
    government-sanctioned i.e. licensed and regulated land casinos; the Transcorp Hilton in Abuja and the Federal Palace Hotel and Casino, and Le Meridien Eko Hotel & Casino in Lagos.
    Although open to upmarket locals and foreigners
    alike, all three of these casinos are more catered to foreign tourists
    and business people.

    That said, they are smaller than traditional Western land casinos on account of Nigeria’s casino
    game restrictions. Games permitted at Nigerian land casinos include table
    games like Roulette, Blackjack and Casino Hold’em and slot machines, despite the
    Criminal Code Act that prohibits games of chance.
    Slots seem to be the exception in licensed land casinos in Nigeria.
    70 million. The same forecasters predict that this rate of
    growth will exceed that of South Africa and Kenya, the continent’s two other predominant land casino nations.
    The Criminal Code Act allows venues to offer betting
    and pools in Nigeria as long as that is the only form of gambling available at a
    betting venue.

    In addition, all operators of pools or betting facilities must make use of an approved totalisator to place bets as
    well as divide winnings equally between the respective pool winners.

    Operators of betting venues and pools in Nigeria are required to register their operations with the government to be deemed legal and thus permitted.
    Operators that don’t are considered to be operating illegally,
    and face prison terms and/or fines. Most of the major Nigerian lotteries are licensed by the Lagos State Lotteries Board.
    The board regulates and oversees the firms that operate lotteries, as well as competitions, games of chance,
    promotions, scratch cards and other lotto-related games.
    The process of applying for and being granted a Nigerian land casino gambling license
    is a long, arduous and complicated affair which is why relatively few have been issued.

    To start, prospective operators must be examined and approved
    by the National Office for Technology Acquisition and Promotion (NOTAP),
    the Special Control Unit against Money Laundering (SCUML)
    and the Nigerian Investment Promotion Commission (NIPC).

    Applicants must also register for Value Added Tax (VAT), secure a Tax Identification Number from the Federal Inland Revenue Service (FIRS) as well as a Capital Importation Certificate.
    Only then will their application for a Nigerian gambling license be carefully considered.
    Successful licensees may operate or offer land casinos, sports betting, betting pools and/or charity-based lotteries according to the terms of their license issued
    in Nigeria. Despite this, they still have a marked impact
    on the nation’s total gaming revenues, the majority of
    which are generated via sports betting.

    Although Nigeria has a handful of licensed and regulated land
    casinos, the same cannot be said for online or internet casinos.
    Online casinos are not allowed in Nigeria, and the fines and/or jail sentences can be big for anyone caught running a remote gambling site.
    From a player perspective, however, little is being done by the Nigerian government
    to stop or even crack down on online casino fans from accessing and
    registering with offshore owned and run casinos which accept players
    from Nigeria. However most of the world’s premier online
    casino sites do not accept players from Nigeria. Those that do are frequented by large numbers
    of Nigerians.

    Some even process deposits, play and withdrawals in Naira for added convenience.
    Allowances have been made for online betting sites, which is why
    the country has a handful of hugely successful, popular and 100% regulated internet-based
    sports betting sites. Three of the best examples include Merrybet, Nairabet and Winners Golden Bet, each of which is accessed daily by thousands of avid
    sports betting fans from across Nigeria. Between these and other government-sanctioned betting sites they offer a wide variety of betting markets, lines and odds
    on local and foreign sports. These include sports like soccer, motorsports, basketball, cricket, Aussie rules football, rugby union, virtual football leagues, virtual
    dog racing, tennis, rugby league, baseball, badminton,
    table tennis, futsal and more.

    Despite calls from many quarters to revamp Nigeria’s gaming laws to bring them into the 21st century, to date little has been done to make this
    a reality. This lack of legislative progress has undoubtedly aided in the growth of the
    country’s ‘underground gambling market,’ which
    is generating untold millions in unreported revenues, particularly when it comes to sports betting.
    And while there are no laws in place to govern remote gambling in Nigeria, neither are there any to
    prevent Nigerian sports betting fans from seeking out and registering
    with ‘Nigerian-friendly’ offshore sportsbooks. Many gambling pundits believe that mobile gambling is the way of the future in Nigeria and other African countries.

    Although Kenya is presently leading the way in terms of having the most mobile gamblers, Nigeria is expected to catch up in the next few years.

    In Nigeria’s commercial nerve centre, Lagos, shanty
    wooden structures with a number of benches, a television and a satellite dish are common sight.
    These venues, popularly called ‘viewing centres’, offer a bulk of the football-mad population in the city
    a chance to watch the European football league games, usually for
    less than a dollar. As the popularity of these matches grew
    in the early 2000s, so did the presence of these
    viewing centres. On match-days, these places are usually packed with
    passionate fans sporting replica jerseys and rooting for their favourite teams but more recently, a keen observer might notice fans at viewing centres clutching a white
    piece of paper – a ‘ticket’.

    Tickets are printed copies of selected games on which bets are placed and since
    late 2012, they have become more prominent in the Nigerian football landscape as sport betting is now very popular.
    Generally, sport betting involves punters predicting the outcome of matches
    and getting their bets to correspond with the stakes.

    If the predictions are correct, the bets are rewarded with stipulated winnings.
    In Nigeria, where there are millions of incredibly
    passionate football fans, sport betting has found its
    proverbial home. Ultimately, fans began to explore the real possibility of not just watching football but also
    making money from these games played thousands of miles away.
    For fans who watch football as a leisurely pastime, the ability to make money out of it has presented an opportunity too good to pass up.

    Typically, fans are used to hosting heated discussions on the
    monstrous weekly wages of their favourite footballers but sport
    betting has turned that conversation on its head.
    Football fans now discuss their earnings from bets as the sport has become a viable source of income.
    The possibility of raking in millions from meagre amounts is enough
    motivation for punters across the country to bet on a daily basis and as a result, betting companies record hugely impressive numbers.
    Ademola Adebajo, CEO of Stakersden, a leading betting company in Lagos,
    projects that daily stakes run into billions of Naira.
    Despite Nigeria’s high levels of poverty and unemployment,
    punters cut across various demographics regardless of earning powers.

    5) on bets while high income earners, tagged ‘big ticket customers’ spend thousands more,
    although these big ticket customers are firmly in the
    minority. In recent years, as Nigeria has become a thriving market, sports
    betting firms have sought to latch on and capture market share to various degrees of success.
    The default business model sees the companies set up shop in a
    central working office while seeking to establish a wide network of affiliate agents who open brick and mortar
    shops where customers can come in to place bets. For their part in the business
    chain, affiliate shop owners, or agents as they are formally known, earn commissions on the
    bets placed in their shops. While the offline component
    thrives, sports betting companies also operate
    an online business model exploiting Nigeria’s internet

    Last month, the Nigerian Communications Commission announced that internet users in the country had reached 97 million. With more than half of
    the country online, betting companies recognize the need to establish viable online operations.
    For this purpose, websites are set up for punters to open personal accounts from which they conduct transactions
    ranging from depositing funds into an online wallet,
    placing bets and transferring winnings earned from bets to their bank
    accounts. While some companies explore both models aggressively, others like
    NairaBet simply choose to remain predominantly online
    models thus sidestepping the financial and logistical
    implications of setting up and running a large-scale offline model.
    50,000) from regulators. Even though the cost
    of kick-starting operations is high, betting firms still require deep pockets to pay out winnings from punters which can sometimes run into hundreds of millions in a
    single weekend, cumulatively.

    The need for innovation has seen companies seek ways to
    make betting easier and less restrictive for punters as live phone betting services have been launched.
    Stakersden has also recently launched a new service in collaboration with leading telecoms firms.
    While some think the Nigerian market is already saturated and can no longer evolve, Adebajo
    says the next stage of evolution will be fuelled by foreign investment.
    Given Nigeria’s high unemployment figures, the creation of jobs by the private sector is critical and
    in this regard, the impact of sport betting has been profound.
    With some big companies running nationwide operations, while other focus on maximizing their reach regionally, the industry has created thousands of
    jobs directly and indirectly.

    Big companies have staff strength running into hundreds but through their associate networks, they offer agents a source of livelihood through affiliate partnerships as they earn money through commissions.
    Joseph Chukwu, a graduate and shop owner in Ikorodu, says sport betting has been a lifesaver.
    Adebajo thinks the employment issues and high rate of poverty means that the chance to earn a living from sports betting can hardly
    be ignored. Adebajo’s sentiments are backed by the many instances
    when Nigerians have fallen victim to fraudulent multi-level marketing and pyramid
    schemes. Given the legitimacy of sport betting, its appeal is
    ostensible. In less than a decade, the sport betting industry has
    grown vastly and become not just a source of income for many Nigerian punters but also large job creation vehicle.

    The choice of celebrating with friends after winning in football betting has claimed it
    first casualty in Calabar as a man dies after being poisoned while drinking with friends.
    A Brainnews NG source gathered that one Mr. Orok who won 2million Naira at
    Bet9ja, a football betting company in Calabar died after celebrating with friends at a drinking joint.
    Mr. Orok (Surname withheld) who was also a staff
    of Bet9ja mobile was poisoned by an unknown human who claimed to be his friend, thereby terminating the
    future of this young man. According to a closed friend, Orok
    died after vomiting blood. The deceased is a native of Calabar South, a local government
    in Cross River State and resides in Mount Zion Lane.

    He was buried on the early hours of Tuesday, August 23 2016 at the Goldie Cemetery.
    Brainnews NG extends her condolence message to the deceased family and prays for God to give them the grace to bear the lost.
    This makes it an important operation that has a massive
    potential market, and they have delivered a ‘full service’ with sports betting, a
    casino, lottery, racing and virtual games all provided.
    The Sports Betting section is laid out to be easy to use for those who have never wagered online before, while featuring a hugely diverse range of games and possible bet configurations suitable for highly experienced punters as well.
    Soccer from around the world is carried, with all the big
    leagues from England, Germany, Spain, Italy, Brazil and around the
    globe being offered.

    Other sports include Tennis, Basketball, Rugby, Motorsports, Cricket and Baseball among others,
    with bet options like Double Chances, Multiples, Over/Under Odds,
    Handicap and so on. Live betting is extensively featured, with
    up to the minute odds available for on-going events, with Soccer again being heavily featured, but many other sports covered as
    well. The actual offers vary from time to time, depending on what events are
    running, so check on their site for the latest ones.
    Virtual games are played out using software rather than real competitors, with
    each event designed to be completely fair to give payers the best chances of winning their bets.
    Soccer, Horse Racing, Tennis and Dog Racing are all featured, and this can be an excellent way to
    enjoy your favourite sports even if no real events are taking place.

    Running on high quality software, the casino at Betnaija
    has a great looking collection of slots, Roulette, Blackjack,
    Baccarat, Red Dog and Dice games, that use the respected and trusted Microgaming Quickfire platform.
    Each game has extra rounds with big payouts, as well as great
    graphics, smooth animations and, like all of the casino
    titles, no need to download any software before starting to play them.
    Rounding out the games are the lotto and scratchcards rounds that can bring quick wins to whoever plays them, and with everything certified as fair and above board, players will
    be collecting those wins frequently. A comprehensive
    Bet9ja mobile mobile site lets people enjoy all the action on smartphones and tablets,
    with Betnaija games being adapted for ease of play on the smaller

    Customer support are based in Lagos and on hand to help out with any aspect of using the site.
    With no promotion code Bet9ja mobile needed, you can be up and running
    in just a few minutes when using JohnnyBet links to join this progressive site.
    The ball juggler eventually broke the record yesterday as he set out from the Redeemed Camp grounds on the Lagos-Ibadan Expressway, along with various media houses and representatives from the
    sports ministry at about 8am in the morning. With
    his new record of 48.04km, Harrison Chinedu successfully broke the previous record set of 45.
    64km that was set in 2014 by Indian soldier NaibSubedar Azad Singh.

    At bettingexpert we always want to give you the best possible start and insights into everything we review and
    it’s certainly no different here with Bet9ja mobile sports betting.

    We have an exclusive Bet9ja mobile promotion code MAXPROMO that you can use when you go to sign up
    and enter it into the ‘Promotion Code’ box (as shown in the above image).

    This code and Bet9ja bonus offer will entitle you to
    a 100% first deposit bonus up to a maximum of 100,000 Naira (Nigerian currency).
    For those in Europe the chances are you’ve never heard of Betnaija sports betting, but for
    those in Nigeria this is without doubt a sportsbook that gives you a lot of great options to bet.

  • cuckold| May 16, 2019 at 2:22 amReply

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