Monday, December 9

Social gaming firm Nazara inches closer to real-money launch

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Nazara Technologies, an Indian social and mobile gaming operator, is moving closer to launching real-money sports betting in Africa, according to reports.

A report in the Economic Times said the firm is reportedly in the market for numerous companies the real-money gaming industry across Africa and India.

The story follows the news earlier this year that Nazara acquired a licence from the country’s Betting Control and Licensing Board and incorporated its NZWorld Kenya Ltd new subsidiary.

Nazara is reported to be in talks with at least four businesses in African and India, and to be spending in the region of US$6.7 million and US$10 million on acquisitions, which could be announced as the end of October.

Earlier this year Pratik Shah, Founder and CEO of Mastermind Sports, an investee company in Nazara, said: “Worldwide, real-money sports gaming is becoming mainstream. We’re excited to create a differentiated product experience by leveraging fan insights and our technology expertise. We believe that Africa, starting with Kenya, presents a growth opportunity for us with their appetite for live sports gaming.”

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