The daily fantasy provider turned multi-vertical gambling operator DraftKings has partnered with Peermont Hotels, Gaming and Resorts to launch a new online sportsbook in South Africa.
The US sports betting giant DraftKings has partnered with the South African gaming and hospitality group Peermont Hotels, Gaming and Resorts to launch a new online sportsbook in the country.
Under the partnership, DraftKings will provide the hospitality company with DraftKings’ B2B sports betting technology, that it acquired through its acquisition of SBTech, to launch PalaceBet.co.za, Peermont’s first step into the online sports betting market.
The South African platform will also benefit from date integrations with Betgenius and IMG which will allow customers to place bets on a range of national and international sporting events.
DraftKings will also roll out additional features such as odds boosts and a bet builder, while customers will be able to participate in draw-based Lucky Numbers games.
PalaceBet general manager Iain Gutteridge said: “The way we’re looking to grow and to compete on an international scale, we knew that DraftKings could offer the software solution so that we could not only offer variety, but quality to our clients.”
DraftKings’ chief international officer Shay Berka said: “We are delighted that DraftKings’ B2B technology is powering Peermont’s entry into sports betting, through which they can provide their customers with extensive markets, live betting opportunities, competitive pricing and localised payment options.”
Gambling in South Africa
Although gambling in South Africa has historically been a controversial subject, the country has taken small steps towards expanding the legal options available to the public.
Sports betting is currently the only form of online gambling that is legal in South Africa. Other online gambling activities such as casinos and slots are considered illegal.
Despite calls from several of the country’s leading land-based casino operators, South Africa’s National Gambling Board reasserted that online casino gambling is illegal in the country.