{"id":261,"date":"2024-06-27T15:55:18","date_gmt":"2024-06-27T12:55:18","guid":{"rendered":"https:\/\/comicplaycasinonodepositbonus.icu\/2024\/06\/27\/tsogo-sun-enters-south-africas-sports-betting-market\/"},"modified":"2024-06-27T15:55:18","modified_gmt":"2024-06-27T12:55:18","slug":"tsogo-sun-enters-south-africas-sports-betting-market","status":"publish","type":"post","link":"https:\/\/comicplaycasinonodepositbonus.icu\/2024\/06\/27\/tsogo-sun-enters-south-africas-sports-betting-market\/","title":{"rendered":"Tsogo Sun Enters South Africa&#8217;s Sports Betting Market"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/U6TSQIi16To\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Tsogo Sun, a South African gaming and entertainment firm, has entered the nation&#8217;s sports wagering market by acquiring a controlling interest in Betcoza, a local land-based and internet-based operator.<\/p>\n<p>Tsogo Sun Alternative Gaming Investments, a subsidiary of Tsogo Sun, will pay 49 million rand for its share in the online sports betting enterprise behind Bet.co.za.<\/p>\n<p>As part of the agreement, they will also receive a portion of Betcoza&#8217;s retail sports betting permits, which encompass Gauteng and Limpopo provinces.<\/p>\n<p>The company stated the deal presents a favorable opportunity for them to enter the online betting market through an already established enterprise.<\/p>\n<p>The transaction was approved by the Johannesburg Stock Exchange as it was a minor transaction between associated parties. The stake was purchased from a subsidiary of Tsogo Sun&#8217;s primary shareholder, Hosken Consolidated Investments.<\/p>\n<p>The 51% stake was valued at 36.7 million rand and had a minor loss of 3 rand as of March 31, 2020. <\/p>\n<p>A sum of five million yuan has been categorized as an asset.<\/p>\n<p>Tsogo Sun publicized the details of this agreement following their June announcement that they were in the &#8220;final stages&#8221; of entering the online sports wagering market. The company explained that they were seeking new income sources as their primary hotel and brick-and-mortar gambling operations had been &#8220;significantly affected&#8221; by the novel coronavirus (Covid-19) pandemic.<\/p>\n<p>The company further stated that providing online casino games was a &#8220;logical step&#8221; despite the sector currently being prohibited in South Africa.<\/p>\n<p>In April, Betcoza became SBTech&#8217;s initial client in South Africa after the company secured an agreement with DraftKings-owned supplier to launch its sports betting and online gambling platform, driven by custom trading and risk management strategies tailored to the market.<\/p>\n<p>This will also enable the expansion of Betcoza&#8217;s lottery offerings through integration with BetGames.TV, allowing participants to wager on live dealer games and live lottery draws.<\/p>\n<p>Sign up for the iGaming newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tsogo Sun, a South African gaming and entertainment firm, has entered the nation&#8217;s sports wagering market by acquiring a controlling interest in Betcoza, a local land-based and internet-based operator. Tsogo Sun Alternative Gaming Investments, a subsidiary of Tsogo Sun, will pay 49 million rand for its share in the online sports betting enterprise behind Bet.co.za. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tsogo Sun Bets Big on Sports Wagering with Betcoza Acquisition<\/title>\n<meta name=\"description\" content=\"Tsogo Sun expands its gaming empire by acquiring a controlling stake in Betcoza, a leading South African sports betting platform.\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/comicplaycasinonodepositbonus.icu\/2024\/06\/27\/tsogo-sun-enters-south-africas-sports-betting-market\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:type\" content=\"article\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:title\" content=\"Tsogo Sun Enters South Africa&#039;s Sports Betting Market\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"Tsogo Sun expands its gaming empire by acquiring a controlling stake in Betcoza, a leading South African sports betting platform.\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/comicplaycasinonodepositbonus.icu\/2024\/06\/27\/tsogo-sun-enters-south-africas-sports-betting-market\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Discover the Art of Winning at Our Licensed Online Casino\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-27T12:55:18+00:00\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"author\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/comicplaycasinonodepositbonus.icu\/2024\/06\/27\/tsogo-sun-enters-south-africas-sports-betting-market\/\",\"url\":\"https:\/\/comicplaycasinonodepositbonus.icu\/2024\/06\/27\/tsogo-sun-enters-south-africas-sports-betting-market\/\",\"name\":\"Tsogo Sun Bets Big on Sports Wagering with Betcoza Acquisition\",\"isPartOf\":{\"@id\":\"https:\/\/comicplaycasinonodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-27T12:55:18+00:00\",\"dateModified\":\"2024-06-27T12:55:18+00:00\",\"author\":{\"@id\":\"https:\/\/comicplaycasinonodepositbonus.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"Tsogo Sun expands its gaming empire by acquiring a controlling stake in Betcoza, a leading South African sports betting platform.\",\"breadcrumb\":{\"@id\":\"https:\/\/comicplaycasinonodepositbonus.icu\/2024\/06\/27\/tsogo-sun-enters-south-africas-sports-betting-market\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/comicplaycasinonodepositbonus.icu\/2024\/06\/27\/tsogo-sun-enters-south-africas-sports-betting-market\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/comicplaycasinonodepositbonus.icu\/2024\/06\/27\/tsogo-sun-enters-south-africas-sports-betting-market\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/comicplaycasinonodepositbonus.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Tsogo Sun Enters South Africa&#8217;s Sports Betting Market\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/comicplaycasinonodepositbonus.icu\/#website\",\"url\":\"https:\/\/comicplaycasinonodepositbonus.icu\/\",\"name\":\"Discover the Art of Winning at Our Licensed Online Casino\",\"description\":\"Immerse yourself in the excitement of licensed online gambling through our up-to-date news, honest game reviews, and informative insights. 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