Malawi looks to expand gaming industry with licence RFPs
Prospective applicants have until 18 November to register their interest in applying. The full details of the regulatory requirements are set out in the RFP document, which will be released to companies and individuals that pay a MWK150,000 (£160/€186/$205) fee. This document will also establish the criteria by which the regulator will assess the proposals it receives.
The process could significantly expand Malawi’s betting and gaming industry, which is centred predominantly in the cities of Blantyre and the capital, Lilongwe.
Currently there is just one sports betting licence holder, Premier Bet Malawi, which is active in both the retail and online channels, despite there being no online-specific regulations.
There are three land-based casinos: the Colony Club in Blantyre, and Lilongwe’s American Palace Pirates Casino and Casino Marina. For wide area progressives, there are a number of licensees across the northern, central and southern regions of the country.
While Malawi has regulated gambling since 1998, the legislation has only been updated once, in 2015. A 12.5% gross revenue tax is imposed on all gaming products.
In the Gaming Board’s annual report for 2018, published in July this year, total gross gaming revenue generated over the 12 months to 31 December 2018 grew 20.7% year-on-year to MWK5.71bn.
At the time, chief executive Barnett Maliro noted that two additional sportsbook licensees were likely to begin operations before the end of 2019, with a new lottery licence to be issued.
In June, Premier Lotto Malawi, a subsidiary of Premier Bet, also launched Premier Lotto 5/90, the country’s first fixed odds lotto game.