Gauteng Retail And Online Sports Betting LPM Licence For Sale

Exclusive opportunity to acquire a fully licensed Gauteng retail and online sports betting license, including 40 x Limited Payout Machine (LPM) rights, for ZAR 5,000,000'
• Licence scope:
o Gauteng Gambling Board bookmaker licence (retail betting shop approval).
o Online / mobile sports betting rights under the same licence.
o LPM component aligned with Gauteng framework (subject to Board and route-operator approvals).
• Revenue potential:
o Sports betting is one of the fastest-growing gambling segments in South Africa, with betting contributing over 20% of national gambling revenue and strong online growth.
o Gauteng remains the highest‑revenue gambling province in South Africa.
o Licence gives immediate access to this market without lengthy, uncertain new licence applications that will only go out on tender in 10 years time.
• Strategic advantages:
o Extremely limited number of new betting licences issued in Gauteng, creating strong scarcity value.
o Ideal bolt‑on for existing national brands or new entrants wanting a Gauteng footprint and online channel.
o Potential to develop: sports betting, virtuals, lotto, live games, and up to 40 LPMs in a compliant shop (subject to route operator and Board approvals).
• Regulatory & compliance:
o Licence issued and regulated by the Gauteng Gambling Board (GGB).
o Purchaser subject to standard Board probity checks and “change of ownership / interest” approval.
o Seller will cooperate with due diligence and transition process.
• Price & transaction:
o Asking price: ZAR 5,000,000 (for licence and associated rights as approved by GGB).
o Open to structured deals (e.g. staged payments or equity participation), subject to Board consent.
o Only qualified, FICA‑compliant buyers with verifiable funding will be considered.
Serious enquiries only.