Betfred Acquires The Majority Stake In South Africa’s Largest Online Betting Company, LottoStar
Betfred Acquires The Majority Stake In South Africa’s Largest Online Betting Company, LottoStar. Betfred have launched a major partnership with South Africa’s largest online betting company, LottoStar (Pty) Ltd in that it has taken a majority shareholding in LottoStar, which offers fixed-odds numbers betting and Live Games on its online platform.
LottoStar has quickly developed itself as a leading brand, recognised nationally across South Africa after high-profile marketing campaigns and their continued efforts to uplift and rebuild communities through their Corporate Social Responsibility initiatives across SA.
The partnership further adds to Betfred’s presence in South Africa, in which they currently operate 53 shops and an online business after the acquisition of Betting World and Sepels Sportsbet. “We are delighted to partner with such a fast-growing company in South Africa, the business will not only complement our activity in South Africa but our international businesses in the United States and Europe. We look forward to working closely with the LottoStar team to support the continued growth of the business providing world-class games and services to the online betting market in South Africa,” Betfred Chief Executive Officer, Joanne Whittaker said in a statement.
LottoStar’s founder and Chief Executive Officer, Tasoulla Hadjigeorgiou, added, “LottoStar was founded in 2014 as a family-run business with an innovative model to offer a fixed-odds betting online platform in South Africa. As an online betting leader in South Africa, we are excited to partner with one of the UK’s best bookmakers. We are confident that this partnership will broaden our offering and provide our customers with the highest quality services. Our partnership also paves the way for greater collaboration and expansion, and we are excited to grow our family.”
Betfred is the World’s largest independent bookmaker with over 1600 shops in the UK and is the largest business in the North West. Betfred.com is the online brand operating from Gibraltar which provides a full portfolio of online, mobile betting and gaming.
