Nigeria Market Report
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One of the leading legal operators is Polish slot
machine manufacturing company Promatic, which owns several gaming centres in Nigeria. Promatic Nigeria, a part of Promatic Group, is a Nigerian company based in Lagos. Promatic also has slots in
locations such as hotels and bars. It is the biggest slot machine and slot games provider in Nigeria and is the parent company of Sax Innovative Network Limited.
worth trillions, billions. Where are the facts? Nobody knows the facts,” he said. “Is it what Deloitte or audit firms are saying, or what individuals are saying about Nigeria, that the industry is worth trillions? It might be. It might even be more, but how do we know for sure the actual figure? It is the Central Monitoring System that can give us the exact position. Tat’s what determines it. Everything else is just speculation . . .. I’m telling you that the only way that we can know is to have a Central Monitoring System,” he said. Gbajabiamila added that the government was losing revenue
to offshore operators and as a result the government is looking to change its online gambling laws as it finds itself in an increasingly dire economic crisis. Meanwhile the NLRC is committed to attracting Foreign Direct
Investment (FDI) to Nigeria through the Gaming Industry. It has already issued a number of licences this year. In May alone the NLRC issued ten national permits for online casino and sports betting.
GROWING FEARS While the industry continues to expand there are growing fears that Nigerians are turning in increasing numbers to betting to make ends meet. Tis is leading to increasing calls for more government control over the industry. Tis has included demands to restrict advertising and other calls for the government to take a more proactive role in prohibiting minors from engaging in gambling activities. Lawmakers are also putting pressure on the federal government to create a framework that would encourage the betting industry to contribute more taxes overall. Earlier this year the House of Representatives urged the
Federal Ministry of Information and National Orientation to conduct a comprehensive nationwide campaign to raise public
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awareness on the negative impact of youth participation in sports betting. Tis was after lawmaker Hon. Kelechi Nwogu argued that the
National Lottery Act, 2005 provides for establishment of the National Lottery Regulatory Commission and the National Lottery Trust Fund to ensure fair operation and protection of players, stakeholders, and the public.
CASINOS AND SLOTS Tere is very little information available regarding slot parlours but they are permitted in some states. Te Lagos State Lotteries and Gaming Authority Law 2021 permits gaming machines. Tere are an estimated 300 slot parlours in Nigeria. However it is believed that there are a large number of illegal slot machines and unlicensed slot parlours as well. One of the leading legal operators is Polish slot machine
manufacturing company Promatic, which owns several gaming centres in Nigeria. Promatic Nigeria, a part of Promatic Group, is a Nigerian company based in Lagos. Promatic also has slots in locations such as hotels and bars. It is the biggest slot machine and slot games provider in Nigeria and is the parent company of Sax Innovative Network Limited. Promatic, together with Sax Innovative Networks, has been effectively developing a land- based network of arcades and game centres for some years. It has thousands of machines in a number of locations including Lagos, Abuja, Port Harcourt as well as in many other states. Promatic Group also owns 9jackpot. Currently the 9jackpot
brand covers five premium gaming centres – four located in the heart of Lagos and one in Abuja, all of which offer slot machines, slot games and electronic roulette. All of its locations additionally offer an original three-level global Jackpot system. Te casino sector meanwhile is underdeveloped and there
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