BUSINESS

DOXXbet enters Nigerian market

TAGs: DOXXbet, nigeria, SportsBox Betting Terminal

Slovakian-based sportsbook DOXXbet has expanded its operations in Africa by launching its SportsBox Betting Terminal product in Nigeria.

DOXXbet enters Nigerian marketFor DOXXbet, the launch of its sports betting platform in Nigeria is proof of its plans to expand throughout the African region. Doxxbet Nigeria Managing Director Andrej Pavlo has described the launch as “an important milestone” since the platform was launched in Liberia four years ago.

“We are looking to expand throughout the African continent and it was important that we have a major presence in Nigeria,” Pavlo said, according to the news report. “The Nigerian sport-betting market continues to be amongst the fastest growing markets in the world and I believe will give us a solid foundation to expand our African operations after launching in Liberia four years ago.”

The SportsBox betting platform, according to Pavlo, is different from other offerings because punters will be able to place their bets without any assistance from staff.

The terminal will not accept ATM cards for payments and players can only win up to N5 million (US$13,869) on a single ticket. The minimum stake that a punter can make is at N100 (US$0.28), according to Pavlo.

The Nation reported that DOXXbet’s offering is expected to intensify the local sports betting market. Pavlo revealed that the firm will expand to other Nigerian locations such as Ogun, Rivers and Abuja once they are able to get hold of a national gaming license.

DOXXBet isn’t alone in targeting the Nigerian market this month. Just four days ago, sports betting firm HAMABET announced its entry in the African nation.

The company, which provides both online and retail betting services, recently secured a national betting license from the National Lottery Regulatory Commission.

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