By the end of the financial year FY2024/21, as at 31 March 2024, a total number of 38 casinos (out of a maximum of 41 licenses) were operational in South Africa. This follows the closure of Naledi casino in the Free State owned by Sun International following the covid-19 pandemic.

It is a criminal offence to engage in, conduct, or make available any gambling activity except: if it is licensed  either under the Act, or a provincial law; or. if it is social gambling which is licensed or allowed in terms of provincial laws; or.

Evolution Gaming Group AB engages in the development, production, marketing and licensing business to business casino solutions to gaming operators. It provides live casino studios, land-based live casino, mobile live casino, and live casino for television.

Same goes for Evolution. The company makes money by charging a fee based on the operators winnings. From talking to people in the industry, it's anywhere from 10-15%. So if we use the current $15 billion live casino market and the upper end of our range (15%), that's a $2.3 billion revenue opportunity.