On November 30, 2022, South African B2B provider of live games TVBET obtained a certificate of suitability from the Western Cape Gaming and Racing Board (WCGRB). This certification enabled the company to offer the company's full selection of live lottery and numbers games in all nine provinces in South Africa. In addition, the integration of TVBET into Bitville Iframe Solution and the successful completion of BMM testing further cemented their presence in the region.
Emily Asava, TVBET Business Development Manager in Africa, expressed her excitement at the acquisition:
TVBET continues its cooperation with Bitville Gaming, and we are happy to reach new achievements within our partnership. Getting the license by WCGRB confirms our decision to expand in Africa and deliver our products to new markets in the region. And we're happy to do that together with Bitville Gaming.
Bitville Gaming is a Level II BBBEE manufacturer and provides a B2B Igaming Platform, Aggregated Products, Bespoke Lottery and custom software solutions.
CEO of Bitville Gaming, Andrew Von Hoesslin, shared:
The company has a strong focus on keeping content relevant and fresh. It's exciting to have the opportunity to work for Bitville Gaming South Africa. We are striving to keep the online and retail products fresh and new so we don't find ourselves in a space where one market cannibalises the other, and TVBET is one of those products that effectively helps secure this. Suppose we don't ensure that we preserve our land-based betting shops and keep them financially profitable by bringing exciting retail content. In that case, it will hurt the economy in South Africa. TVBET has excellent retail and online content, so it's the best of both worlds.
The expansion of TVBET into South Africa is a major milestone for the company. It will open up new markets for the company and help drive regional economic growth. Bitville Gaming South Africa has always been committed to providing the best gaming experiences for players, and this partnership with TVBET is a testament to their passion. With the addition of TVBET, Bitville Gaming South Africa can now offer its customers a wider variety of games and services.
In 2016, TVBET was founded by CEO Peter Korpusenko, who assembled a team of industry experts with extensive experience in the gaming sector. The venture aimed to develop a unique product that blended the best of both casino and sports betting. The company's initial offering included five games developed entirely in-house. After signing a few contracts with businesses in the Commonwealth of Independent States, TVBET experienced rapid growth.