GAMING FOR AFRICA
Nigeria’s Enugu State to Host First Gaming Conference
Enugu State is set to establish itself as Nigeria’s leading destination for gambling tourism. The highly anticipated Enugu State Gaming Conference, organized by the Enugu State Gaming and Lotto Commission (ESGC), will be held at the Amadeo Event Centre on June 27, 2024. This inaugural conference will bring together industry stakeholders to explore new opportunities and collaborations within the gaming sector.
The Enugu State Gaming and Lotto Commission, established under CAP 86 laws of Enugu State, is the legal regulator for all gaming, gambling, and lotto activities within the state. The commission is dedicated to promoting responsible gaming practices and ensuring a safe and enjoyable experience for all participants.
“This conference marks a pivotal moment for the gaming industry in Enugu State,” said Prince Arinze Arum, Executive Secretary and CEO of ESGC. “It’s an opportunity for us to showcase how far we’ve come in
regulating and managing the gaming landscape in our state.”
The theme of this groundbreaking event is “Exploring the Future of Gaming: Innovations and Collaborations,” reflecting a commitment to fostering growth and development within the industry. Governor Peter Mbah, the special guest of honour, will attend to show support for initiatives aimed at positioning Enugu as a hub for gambling tourism. “We believe that through strategic partnerships between casino operators and hospitality providers, we can unlock new avenues for growth and prosperity within our state,” stated Arum. “This conference is about more than just discussing ideas—it’s about taking concrete steps towards making Enugu a premier destination for gaming enthusiasts.”
The event will provide attendees with valuable insights into regulatory practices, market trends, and potential investment opportunities within the gaming sector.
Participants will also have the unique opportunity to engage directly with Governor Mbah on his vision for promoting sustainable growth within the industry. With its focus on collaboration and innovation, the Enugu State Gaming Conference represents a significant milestone in advancing the state’s position as a key player in Nigeria’s growing gambling tourism market. By leveraging its regulatory prowess and creating fertile ground for partnership opportunities, ESGC is paving the way for a bright future in gaming tourism.
iGaming Fraud Increased 64% Year-on-Year says Sumsub 2024 iGaming Fraud Report
Sumsub’s internal findings from 2023 to Q1 2024, showcase popular fraud schemes in online casinos and betting platforms Sumsub, a global full-cycle verification platform, today released its 2024 iGaming Fraud Report, with updated identity fraud numbers and predictions for the industry.
According to findings, the most popular fraud schemes in the iGaming industry are bonus abuse, affiliate fraud, illegitimate chargebacks, money laundering and account takeovers.
detected fraud in Q1 2024.
Key findings of Sumsub’s 2024 iGaming Fraud Report include: • Between 2022 and 2024, fraud in the online gaming sector increased 64% year-over-year on average.
• African countries, Nigeria and Kenya rank among Top 10 countries worldwide for highest percentage of fraudulent transactions. 6% of all Nigerian iGaming players are fraudsters, with Kenya close behind at 5,5% - these numbers are significantly higher than the global average of 1,4% of fraudulent players.
• By country, Bangladesh leads the fraud charts in Q1 2024 with a whopping 8.5% of all applicants being fraudsters, followed by Indonesia (8%), South Korea (6.6%), Pakistan (6.1%), and Bosnia and Herzegovina (6%).
• Selfie mismatch is the most frequent type of fraud attack in gaming, representing 73% of all
• AI-powered deepfake scams are advancing at unprecedented rates, having grown 10x between 2022-2023.
• Money muling remains the most widespread fraud scheme.
“Due to the growth of sophisticated scams and increase in the overall fraud rates in the iGaming industry, simple KYC checks are no longer a guarantee of players’ genuine personas and platforms’ robust protection,” explains Kris Galloway, Head of iGaming Product at Sumsub. To ensure companies best avoid fraud scenarios and remain safe and compliant, they must deploy user identity verification at the onboarding stage in addition to betting pattern analysis and ongoing transaction monitoring.” According to Statista, in 2024, the revenue of the online gambling market is expected to exceed $100B. By 2029, the number of users is
predicted to reach 281.3M globally. Between 2022 and 2023, fraud losses for mobile casinos and betting platforms totalled $1.2B. With regulations becoming stricter, leading to millions in fines paid by iGaming platforms every year and license revocations, it is obvious that businesses that choose to settle for minimal defences will likely suffer heavy financial and reputational losses. “A combined approach is the best bet against advanced iGaming fraud. Every step of the user lifecycle must be protected—from initial sign-ups to the withdrawal stage. That involves KYC, behavioural intelligence, device fingerprinting, database checks, and more. Sumsub combines all the necessary checks within its full-cycle verification platform tailored to the needs of gaming platforms and operators, ensuring advanced fraud protection and a smooth player journey,” adds Andrew Novoselsky, CPO at Sumsub. The content of the report is based on detailed statistics and analysis of current fraud incidents (all internal data was aggregated and anonymized). iGaming and identity fraud experts from Sumsub and company partners also share their predictions for the industry, highlighting complex challenges related to different fraud schemes and practical measures needed to prevent them and protect businesses.
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