Reports EGYPT - MARKET UPDATE
It is thought the issue of introducing legalised online gambling is not imminent and the government largely ignores the fact this is happening. Terefore, there is little protection in place for players and no Egypt specific payment processing options. Many players stick to the larger international sites.
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GRAND CAIRO CASINOS (Cairo Tourism and Gaming CTAG) operates two casinos – the Fairmont Nile City and Sonesta. Nile City is located at the Fairmont Hotel in Cairo with 542 rooms and is open 24/7 offering 40 slots and 18 table games, salon Privé and bar lounge. Te Sonesta is located at the Sonesta Cairo Hotel in Nasr City just 15 minutes from the airport. Tere are 10 table games, 24 slots, electronic roulette and bar lounge.
Grand Cairo Casinos is a sister company of IGGR which was set up in 2002 as a subsidiary of the Raineau Group from France and currently operates 13 casinos and five hotels in Argentina, France, Costa Rica and Egypt. Te Raineau group also owns the Sinai Grand Casino in Sharm el Sheik housed at the Sonesta Beach Resort with 200 rooms. Sinai Grand hosted the first poker tournament in Egypt in 2008.
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CAESERS ENTERTAINMENT operates three casinos in Egypt. Ramses Hilton Hotel in Cairo has 40 slots and 20 table games and an eight- player electronic roulette in 2,700sq.ft of gaming area. Te Kings and Queens Casino is located in the heart of Cairo’s diplomatic district in the five-star Fairmont Towers Heliopolis with 2,100sq.ft of gaming area and 30 slots and 10 table games. Finally, Caesars Cairo is situated in the Four Seasons First Residence Hotel in Cairo with 20 table games and 30 slots and 6,500sq.ft of gaming area.
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LUCIEN BARRIERE is the French market leader of casinos and hotels and operates the Casino Barriere El Gezirah Cairo located in the Sofitel Hotel. Tere are 14 table games and 45
P62 WIRE / PULSE / INSIGHT / REPORTS
slots. Te company opened a second casino, La Pacha, in Cairo located on a large, docked boat consisting of eight restaurants. Te 600sq.m gaming area has nine tables and 17 slots.
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GENTING CASINOS LIMITED opened Crockfords Cairo in 2016 located in the Ritz Carlton Nile. Tis was Genting’s first venture in the Middle East and makes this their 33rd casinos (after 32 UK casino licences) and is operated by Genting Casino Egypt Ltd. Te casino has 30 slots, 10 electronic roulette terminals and 15 gaming tables. Te hotel is considered an icon in the capital and has contributed to the country’s travel industry for the past 50 years.
ONLINE GAMBLING
Online gambling in Egypt is more than a little vague. In theory online gambling is illegal as there are no specific regulations governing this sector and there is no licensing procedure.
However, players can access offshore online casinos freely and there is no law prohibiting Egyptian players from registering and placing bets on international gaming sites.
As such many international gambling companies operate and accept bets from Egyptian residents.
It is thought the issue of introducing legalised online gambling is not imminent and the government largely ignores the fact this is happening. Terefore, there is little protection in place for players and no Egypt specific payment
processing options. Many players stick to the larger international sites.
Sports Betting is legal and football is the most popular sport to bet on. 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.
Meanwhile the lottery was introduced in 1976 when the Lottery Coalition was founded. Online
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