DraftKings Enters South African Betting Market
DraftKings has announced details of a new partnership with Peermont Hotel
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US betting and fantasy sports brand, DraftKings, has announced details of a new partnership with gaming and hospitality group Peermont Hotel; together launching a new mobile and online sportsbook in South Africa.
PalaceBet (PalaceBet.co.za) will use DraftKing's woeld-leading gambling technology, helping Peermont make its debut into the online sports wagering market.
“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,” DraftKings’ chief international officer Shay Berka said.
PalaceBet general manager Iain Gutteridge added:
“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.”
Sports betting is currently the only form of online gambling permitted in South Africa, with all other igaming activities deemed illegal.
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