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Large city in Kenya

Omnichannel - Landbased and Online - Casino & Sportsbook For Sale

$4,990,000

Acquire a thriving Kenyan casino with 4 revenue streams: casino, sportsbook, online & restaurant.

Key data:

Revenue Streams:
4
Location:
Large city in Kenya
Investment Options:
100% buyout or 80/20% JV
Regulatory Framework:
1966 Betting, Lotteries, and Gaming Act

Overview:

Business Opportunity

This is an ideal opportunity to invest into an existing and successful operational casino with four separate and licenced revenue streams. Situated in a large and vibrant city in Kenya, this casino caters to a lucrative and loyal local business without the need to rely on an unstable tourist market. The building is a stand alone casino and is fully staffed.

This seamless omnichannel casino business is currently available for acquisition at a 100% buyout or through an optional 80/20% joint venture partnership. The owner wishes to retire and regretfully has to let his successful casino, sportsbook, online and restaurant side of his business go.

Facilities:

Gaming and Dining

The casino boasts state-of-the-art slot machines and offers a wide variety of casino table games. In addition, patrons can enjoy a meal at the on-site restaurant and place bets at the sportsbook.

Online Operations

Furthermore, the establishment holds an online casino license, allowing for expanded reach and accessibility to customers. The staff, comprised of local individuals, are highly trained in providing exceptional customer service, ensuring a positive experience for all visitors.

With minimal operating costs and a dedicated local customer base, this casino has consistently delivered strong financial results year after year.

Market Context:

Kenyan Gambling Industry

The gambling industry in Kenya is flourishing, with land-based casinos drawing in large crowds and competing with the popularity of sports betting. Many casino businesses have transitioned to online platforms, opening up new avenues for growth and development.

Regulatory Framework

The regulatory framework governing gambling laws in Kenya is primarily governed by the 1966 Betting, Lotteries, and Gaming Act, which has been updated to keep pace with industry changes and technological advancements. A copy of this legislation is available for review in the provided PDF link below.

Do you need some more information, or want to proceed with an offering?

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The Kenyan iGaming industry presents a dynamic and promising market for companies and entrepreneurs seeking to tap into the African gaming sector. With a growing internet user base and widespread mobile device usage, the online gambling industry in Kenya offers a fertile ground for expansion. The youthful demographic in Kenya demonstrates a strong interest in online betting and gambling, signalling significant potential for market growth and development.

Investment Support:

Professional Guidance

Navigating a new market can be challenging. If you require professional guidance or assistance in aligning your business plan with the Kenyan market, please do not hesitate to contact us for a complimentary consultation. Our team of experts is well-equipped to support you in your endeavours.

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