mostly American dollars or Euros (not Egyptian pounds).
Although it is prohibited by Islamic teaching the lottery was introduced in 1976. Te lottery is in decline partly because it is argued that the lottery is against Islamic teachings but beyond this argument the lottery product is limited and as is the case in Algeria there is a huge high tax on lottery winnings - over 40 per cent.
Sports betting is legal. In 2005 the Egyptian National Post Organisation (EPA) teamed up with Intralot and signed an agreement for the provision to offer sports betting nationwide. Since sports betting became regulated, thousands of bookmakers have opened up all over the country.
MOROCCO
Te regime of King Mohammed VI emerged pretty much unscathed during the Arab spring. Morocco did not witness the same level of protest in 2011 as Tunisia and Egypt and popular protests quickly dissipated before ever catching momentum. In addition the regime was able to control the size and scope of the uprisings due, in part, to its tradition of allowing protests. King Mohammed VI put forward a new constitution very quickly requiring an elected rather than a handpicked prime minister with provisions to boost civil liberties and promote the independence of the judiciary.
While the government is trying to attract further foreign investment the gap between rich and poor is widening while many of the promises made during the popular uprising remain unfulfilled and will probably remain that way. Unemployment continues to be a pressing problem, especially among the youth.
Relatively speaking Morocco is still perceived as the bedrock of stability in the region. Since the 80’s Morocco has liberalised foreign trade and implemented a policy of greater integration of the Moroccan economy in the world economy. However, as is the case in the region overall, the war in Ukraine continues to take its toll on the economy, which is further expected to slow to 0.8 per cent growth this year following the worst drought in decades.
According to the World Bank Morocco’s economy will maintain slow growth rates throughout 2023, as growth is forecasted to average 4 per cent at the end of that year.
WIRE / PULSE / INSIGHT / REPORTS P15
La Marocaine des Jeux et des Sports (MDJS) and Loterie Nationale Maroc (SGLN) hold exclusive licenses over the national lottery and sportsbetting products. Both lotteries have operated as complementary companies and share a distribution of around 1,500 points of sales. MDJS has a 78 per cent lottery market share whilst SGLN has 22 per cent.
Tere have been several developments of late for both state owned enterprises with the market expanding over recent years. From the beginning of 2019, Sisal began operating the National Lottery after winning a tender to replace Intralot as the operator of the lottery, signing an eight-year contract with the option to extend for a further two.
Te contract included the development and implementation of a new central system to provide fixed odds betting, national totalizator games, instant lotteries, online games, virtual races and interactive lottery machines. Two years later and Sisal launched a new Soccerbet virtual betting product into the Loterie Maroc’s retail outlets as well as online having partnered virtual sports specialist Highlight Games to launch its Soccerbet product.
Relatively speaking Morocco is still perceived as the
bedrock of stability in the region. Since the 80’s Morocco has liberalised foreign trade and
implemented a policy of greater integration of the Moroccan
economy in the world economy. However, as is the case in the region overall, the war in Ukraine
continues to take its toll on the economy, which is further expected to slow to 0.8 per cent growth this year following the worst drought in decades.
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