Victor Chandler Group Targeting South Africa

Wednesday April 23, 2008

Victor Chandler Group, the man behind one of Britain's largest betting and gaming operators, has announced that he intends targeting South African online gamblers ascendancy the authentic near approaching.

According to South African account Business Report, Victor Chandler Group's modification is one shot the anterior influence a signal that could now beam gambling operators from around Europe establishing operations due to the nation's gambling laws are liberalised. Below current National Gambling Act legislation, online gamblers influence South Africa responsibility represent fined up to $1.3 million or jailed for a decade but this could appear as about to nickels blot out the near passage of the National Gambling Amendment Bill. This legislation is away before the Public Council of Provinces next having begun been attractive by the State Assembly influence Mantle Accommodation.

Headquartered agency Gibraltar, Victor Chandler Group's company operates an VC Bet, VC Casino and VC Poker. He stated that the gambling bazaar influence South Africa had ample dormant due its swiftly growing middle-class and the rising advantage of the internet influence sports, gaming and casinos.

Business Report speculated that the expenditure associated hide footing up operations agency South Africa would act for between $400,000 and $600,000 with marketing costs dependent on the size of the operation. This would also be the case for the number of employees, which would depend on whether operations were online or over the telephone.

The Bloomberg news service also reported that Vienna's BWin International Ltd has plans to set up a online sportsbetting operation in South Africa along with Spain and the Ukraine. Bwin is Europe's biggest sporting and online gaming operator and the news agency cited a piece in Austria's Wirtchaftsblatt newspaper, although it did not make its sources public.

"I would not like to comment," said Kevin O'Neil, Spokesperson for Bwin.

"We like to keep things under wraps until we are ready, for competition reasons."