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Topic: Why the Reluctance? - page 2. (Read 495 times)

hero member
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Leading Crypto Sports Betting & Casino Platform
April 23, 2024, 02:25:29 AM
#44
The problem should be from Nigeria government, maybe their law and regulation does not go in a way that it fits in with what the casino have in mind, and that might make them not to operate in such country. Casinos are for business, and any country that their regulation does not suit with the casino will likely not provide their service.

However, that should not be any problem, as there are so many casinos in Nigeria that are operating and their service is similar to sportbetting, so you can  atch your fun in those casinos.
full member
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April 23, 2024, 02:16:39 AM
#43
What you should know is that every gambling site want to make profit and none of them will shut themselves out of a region that will potentially bring them gain for no reason. I know that depending on the niche of the gambling site, there are countries where certain type of Gambling isn't all that popular and trying to bring your marketing attention to such region might not yield the needed result and so it's possible they will just have to stick with what's working for them and might not even notice that certain region are out of there reach.

Like in my region, what's very popular is sports gambling and it's deficult not to see different sports gambling site investing into promoting there gambling site in our region but for some casinos that's aren't all that popular here, maybe some might be willing to take the risk and look out for prospective users but some might just take outside of there plan and focused more on areas they are sure will be profitable. But then, it's stand in the hands of the gambling owners to determine the region to market there services and if as a gambling you're interested to gamble with a particular gambling site that isn't working in your region, you can make use of the VPN to accessing those site and with crypto gambling becoming increasingly popular, there is no point of being concerned as you can easily receive your win either in BTC or through any other decentralized payment medium.
full member
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April 23, 2024, 02:04:59 AM
#42
Well, we all know that not all gambling sites are in the same country only, or in short there are a lot of gambling sites that is made from different people or company from all over the world so there are many reasons why some gambling sites can't reach their services in some countries, maybe those countries has a strict rule and compliance when it comes to operation of gambling sites in their domain or maybe the country itself banned a certain gambling sites for also different reasons, in this days gambling or online gambling are becoming more a trend but also let's be cautious because not all of the gambling sites are safe, remember of there's a trend there will be scammers or someone that has malicious intents to take advantage of the popularity and trend. Maybe that's the primary reason why some gambling sites might be violating rules or not following the rules that should be followed.
legendary
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Leading Crypto Sports Betting & Casino Platform
April 23, 2024, 12:21:52 AM
#41
I only see two reasons why and it will always fall down to the government.
Have you checked what is the government contract when an online gambling site registers your country? I bet there's a big statement there that would make a business like them step back and just avoid your country.

I don't see it because of your law using your statement about the amount spent on gambling every day. So it's either what I said in the first one or, they are hesitating because there are too many registered online gambling sites in your country. If the competition is way too high, even a first-time businessman will avoid it. I mean, if I will be paying taxes and then see no customers, that will be a waste and worse if the contract will be long term which means more wasted money.
legendary
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April 22, 2024, 07:04:34 PM
#40
I've always seen those restrictions appear from sites based in the US. Those gambling sites probably don't want to get involved in something that could cause unnecessary problems for them in the future, and they might need to go through other procedures before they accept users from a specific country. It's probably why we sometimes see sportsbooks and casinos try to create another copy of their site, but it's only made for those restricted countries.
hero member
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April 22, 2024, 05:06:50 PM
#39
Some of the outside-based gambling platforms are not finding the amended Nigerian gambling policies friendly, which I believe is a good enough reason for most of them to stay out of the Nigerian market in order to be on the safer side rather than operating illegally or having licences for one particular thing and offering service for another. 
 
As a gambling platform owner, if you want to register in the country, you need to be on what service you want to be providing,  and each of the services has different licences that you need to acquire separately, which I also assumed they had to pay separately for with other terms to meet.
sr. member
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April 22, 2024, 04:33:50 PM
#38
Sports betting is not illegal in my country. According to some key gambling and betting statistics1,2:
  • There are over 60 million active gamblers.
  • $2 billion is spent on gambling everyday
  • 53% of people in my country bet at least once per day. Our population is around 200 million people.
  • There are 14 million bet stakes and payments that are made over the internet every day
  • and others

We are actually a gambling nation and the market is highly profitable. I wonder why despite these statistics, yet some sport betting and casino sites haven't taken advantage of it. As I conducted my research, I noticed that some casinos don't offer or no longer offers their services to people in my country. There are other countries with similar situation too. And it begs the question: why the reluctance? Such hesitation seems out of place in a country where gambling is legal.
There are many factors that can cause reluctance. Most at times the reason behind reluctancy is bankruptcy. When a gambling site has proposed a budget of certain amount for the gambling business and some folks swift all the money in just twinkle of an eye, then they see no need to continue. Sometimes the cause of reluctancy is poor management. Just like any other business which people may tend to manage and succeed or lose, whenever there  is more progress there is a tendency of proceeding but when there is no progress, there comes unseriousness and the spirit of reluctancy.
hero member
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April 22, 2024, 04:29:14 PM
#37
~
Can probably be due to regional laws or religion itself, who knows? Idk how much influence religion has in Nigeria but if that was the major factor, then I reckon there's only a specific number of casinos that they themselves specifically allowed to sell their services in the country. If it was regional, same thing maybe, they just allowed a specific number of casinos instead of allowing everything all at once. Might be because they want to better regulate it, or just that the casinos paid the country so as to prevent competition.

Can also include that some providers aren't allowed in the country. And with casinos sometimes having said providers as their key entertainment, they can't exactly compete with existing ones or fully be able to sell their services to the country with those kinds of limitations.
legendary
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April 22, 2024, 04:07:53 PM
#36
Sports betting is not illegal in my country. According to some key gambling and betting statistics1,2:
  • There are over 60 million active gamblers.
  • $2 billion is spent on gambling everyday
  • 53% of people in my country bet at least once per day. Our population is around 200 million people.
  • There are 14 million bet stakes and payments that are made over the internet every day
  • and others
We are actually a gambling nation and the market is highly profitable. I wonder why despite these statistics, yet some sport betting and casino sites haven't taken advantage of it. As I conducted my research, I noticed that some casinos don't offer or no longer offers their services to people in my country. There are other countries with similar situation too. And it begs the question: why the reluctance? Such hesitation seems out of place in a country where gambling is legal.
Unlike the people who place the bets on their sites, the owners of these massive gambling companies will know the limits of their competence and the risks involved. Take America for instance, they are starting to open up the sports betting market more and more, however in the past many European based operators would avoid American players like the plague because it was illegal. American enforcement agencies have taken, often overzealous, actions against overseas companies who gave the slightest hint they were targeting US players in the past. Not only that, it is a very litigious market and as sports betting is still relatively new, who knows it it might be repealed and the huge promotional money would end up wasted. Some markets are simply not worth the hassle, at least not at first - let other people make the mistakes or set the ground work so you can learn from them.
sr. member
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April 22, 2024, 04:03:56 PM
#35
[...]
and:
Quote
The legal games are lottery, land-based casino, and sports betting. Roulette, dice games, and non-skilled card games are illegal.
Source: https://en.wikipedia.org/wiki/Gambling_in_Nigeria

Perhaps that is a reason why some of the casino providers dont want to apply/extend a license there, because live casino games, original games and maybe slots too are considered illegal there.
Yes this is likely the reason why. A lot of gambling platforms today offer both online sports betting and casino games so it makes little sense to even bother going all the trouble of registering in a country where their services is limited.
hero member
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April 22, 2024, 03:59:20 PM
#34
If, unfortunately, they no longer offer such service to customers living in your country, that means they have been offering the service before they actually stopped, probably due to some circumstances that were not disclosed. Before a casino decides to stop their service in a country, it means something might have caused it, which is why they may not want to disclose the problem to their customers. @OP, I am not doubting that you are from a gambling nation like you said, but the fact that a casino was earlier offering a service in your country before they stopped means that they already knew the level of profit that they were getting from the country, but something must have caused them to stop at will or not. 
legendary
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Merit: 3125
April 22, 2024, 03:10:16 PM
#33
Well, is the casino who decides the rules, and they can block any country they want as part of their policy. Usually, this kind of limitation comes from the license provider, but the casino can decide if to block any other country that isn't on the license list.

If sports gambling is legit in your country then stop fighting with the casinos who don't allow it and just find the right providers, that should be the easy way to deal with this.
hero member
Activity: 812
Merit: 560
April 22, 2024, 03:00:04 PM
#32
Sports betting is not illegal in my country. According to some key gambling and betting statistics1,2:
  • There are over 60 million active gamblers.
  • $2 billion is spent on gambling everyday
  • 53% of people in my country bet at least once per day. Our population is around 200 million people.
  • There are 14 million bet stakes and payments that are made over the internet every day
  • and others
We are actually a gambling nation and the market is highly profitable. I wonder why despite these statistics, yet some sport betting and casino sites haven't taken advantage of it. As I conducted my research, I noticed that some casinos don't offer or no longer offers their services to people in my country. There are other countries with similar situation too. And it begs the question: why the reluctance? Such hesitation seems out of place in a country where gambling is legal.


1 https://www.betensured.com/blog/top-10-nigeria-gambling-statistics/
2 https://www.noi-polls.com/post/gambling-and-betting-poll-2019

Maybe you should also consider the statistic of the numbers of the newly introduced gambling platforms on a daily basis, the numbers of active gamblers to that of the inactive each day if there is increase on both or decrease, we should henceforth know that we cannot continue to have the same kind of gambling experience over time with the same statistical data, things changes and varies over time, operating a casino demands money to fund the establishment for one, how many are experienced and willing to afford starting one.
hero member
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April 22, 2024, 02:50:38 PM
#31
There is an answer a poster give above made me wonder why they can't adhered to our country regulations. Why?
Most casino/gambling site providers goes with the regulations that seems very easily for them comply, if what they are being tasked on is much or seems too hard for them where they can't comply they will have restricted operation from those country because as I know too well that our country is a gambling nation and this has been helping the unemployment individuals in the country, where most of the young teenage and youths involved themselves in so much gambling.
We all know that gambling and casino laws are mostly always in favour of the house rather than the individuals who use them, and it's very true that in most countries, gambling can be a very important part of the economy and that is why it's almost impossible for the government to enact laws that'll completely prohibit people from gambling, even after being aware of the negative impact of gambling to the individuals at large.

Gambling can indeed create employment opportunities for some young people and that's pretty much an advantage, but we should also consider the dangerous side, being the addictive part of gambling. Gambling addiction can be a very serious danger, both to the young, as well as the old and it can also have serious consequences too.

If you look very well in our environment today, teenagers and youths are more prone to getting addicted which can easily result to depression, unnecessary debt and other things.

If looking or judging by the addictive phases then we should be held responsible for not gambling responsibly, and I also understood that in all gambling site they always have this warning (+18) meaning anyone who is not up-to the age bracket shouldn't go gamble. The reason for this is, emotion can be controlled which including; Responsible gambling, limiting oneself and also being able to make personal decisions towards risk management. The amount to be used, when to gamble, where to gamble, and gambling limits any one who can't control all this shouldn't gamble or even go closed to the gambling site.
hero member
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April 22, 2024, 02:33:23 PM
#30
If all casinos and most providers don't allow sports betting in your country then something might be stopping them to disallow it.

The question now is “what?” What exactly is stopping them from providing their service?

From what I know there’s no law in Nigeria that prohibits gambling so I don’t see any reason why a gambling site would prevent Nigerians from accessing their site. I have encountered this issue several times, even in some site that I just want to try it so that I’d have an idea of how they operate - the most recent one was “nitrobetting”, I know I have visited that site several times to read some of their articles they drop concerning bets and all of a sudden I’m being prevented from accessing the site. It just doesn’t make any sense to me.

You aren't following up, it is becoming a big concern to the government about how billions of naira is going into gambling in Nigeria, I heard it myself and they promise to make it stop, someway or somehow, they never said.

Maybe they will start doing the same shit they do with Binance exchange who knows? If the government of the country reaches out to the popular online gambling platform to not render their services to Nigerians or risk facing the law do you think that it won't work? It will work bro.


The government is worried, too many citizens of Nigeria are into gambling and most of them are losing tons of money to those gambling companies, every casinos online and offline want to make money, they don't have any reasons not to provide their services to any country unless there is a issue.

I am also aware of this - but all they did was talk no action was taken against any gambling site.

Assuming they did, we all know the first site that they would have attacked which is "sporty bet" because that's where majority of Nigerians do their Bettings and even those are just entering the gambling industry usually start with sporty bet before they proceeds to other platforms, but since it's still active then it means nothing has happened yet - those site that are currently blocking Nigerians from accessing their site are doing based on their own reason not based on the government's news.
hero member
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April 22, 2024, 01:40:20 PM
#29
More than 50% people are betting it's really huge population for a country who are involved with playing gambling. And also there is no restriction on gambling I haven't also not got the matter why this giant don't looking forward to your country.
But the first reason that comes to my mind is that maybe their license companies have restricted your country. And this may be the biggest reason. 
Also secondly another reason I want to mention is do you know what percentage vat your government charges on sports gambling? And if this VAT is excessive, maybe because of this, those gambling companies have restricted it in your country.
Anyway if you want there are a large amount of casinos are still for you why you are worry about it. Have you try anytime duelbits.com you can try it out if it is not restricted in your country .
legendary
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April 22, 2024, 01:30:50 PM
#28
Because the foreign/local online casino must obtain a license from the Nigeria gaming commission before they are able to operating in Nigeria.
and:
Quote
The legal games are lottery, land-based casino, and sports betting. Roulette, dice games, and non-skilled card games are illegal.
Source: https://en.wikipedia.org/wiki/Gambling_in_Nigeria

Perhaps that is a reason why some of the casino providers dont want to apply/extend a license there, because live casino games, original games and maybe slots too are considered illegal there.

That's a very good answer that covers the entirety of the OP's question.
Casinos have to operate under guidelines of their licenses and nobody is going to look at statistics that say how many people in that country gamble. It doesn't matter to a clerk that issues the license. Most likely it's due to internal regulations of a country that other countries (license issuers) don't want to violate, or there's a problem with unstable currency/government or scams that aren't addressed by local enforcement agencies and the license issuers just don't want to deal with potential loss by a player/investor as they'd have to handle complaints.
sr. member
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April 22, 2024, 01:24:00 PM
#27
There is an answer a poster give above made me wonder why they can't adhered to our country regulations. Why?
Most casino/gambling site providers goes with the regulations that seems very easily for them comply, if what they are being tasked on is much or seems too hard for them where they can't comply they will have restricted operation from those country because as I know too well that our country is a gambling nation and this has been helping the unemployment individuals in the country, where most of the young teenage and youths involved themselves in so much gambling.
We all know that gambling and casino laws are mostly always in favour of the house rather than the individuals who use them, and it's very true that in most countries, gambling can be a very important part of the economy and that is why it's almost impossible for the government to enact laws that'll completely prohibit people from gambling, even after being aware of the negative impact of gambling to the individuals at large.

Gambling can indeed create employment opportunities for some young people and that's pretty much an advantage, but we should also consider the dangerous side, being the addictive part of gambling. Gambling addiction can be a very serious danger, both to the young, as well as the old and it can also have serious consequences too.

If you look very well in our environment today, teenagers and youths are more prone to getting addicted which can easily result to depression, unnecessary debt and other things.
sr. member
Activity: 450
Merit: 220
April 22, 2024, 01:08:18 PM
#26
This question of why, has numerous responses and one of which is the marketing strategy of the online gambling website.

The statistics are fantastic but them Nigeria is not the only country with that statistics. There are other other regions that fits into the marketing strategy of the casino and that it why they may ignore your country and offer their services to people in other regions.

In as much as the statistics looks great, after a PnL analysis, the casino decides that the market their is over saturated and they cannot compete therefore there is no need to waste their resources there because the growth and profitability margin is insignificant. Hence they leave or turn their attention towards more lucrative regions.

hero member
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April 22, 2024, 01:00:31 PM
#25
There is an answer a poster give above made me wonder why they can't adhered to our country regulations. Why?
Most casino/gambling site providers goes with the regulations that seems very easily for them comply, if what they are being tasked on is much or seems too hard for them where they can't comply they will have restricted operation from those country because as I know too well that our country is a gambling nation and this has been helping the unemployment individuals in the country, where most of the young teenage and youths involved themselves in so much gambling.
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