SA Loses Millions On Iceland Bet
The South African government has confirmed that it lost millions of rands on a bet made on the Iceland men's national football team.
The Minister of Sport, Fikile Mbalula, revealed on Tuesday that the state had placed a bet of R5 million with a UK bookmaker on Iceland to beat England in their knockout match at the Euro 2016 football tournament.
Iceland pulled off a surprise 2-1 victory over England to knock them out of the tournament and claim a place in the quarter-finals.
Mbalula said government ministers and officials were among those who had put money on Iceland to win. He added that the state would not be able to recover the lost funds.
"We have lost. We are not going to get our money back. It's gone," he said.
It is not clear how much money was actually gambled on the match, but reports suggest that some people placed bets as high as R1 million.
SA Kicks Off Online Gambling Licences
The South African government has kicked off the process of issuing online gambling licences, making it the first African country to do so. The licences will be issued to companies that meet a number of stringent criteria, including good financial standing, responsible ownership and management, and a commitment to protecting minors and problem gamblers.
A number of international gaming operators have already expressed interest in acquiring a licence, including Playtech, 888 Holdings, and GVC Holdings. Online gambling is currently worth an estimated $37 billion globally, and is expected to grow at a rate of 7% per year over the next five years.
Companies that are awarded a licence will be able to offer a range of gambling products such as casino games, sports betting, and poker. However, they will not be allowed to offer gambling services to citizens within South Africa's borders. This is due to the fact that internet gambling is currently illegal in the country.
The issuing of licences is seen as a way of legitimising the industry and ensuring that it is run responsibly. It is also hoped that it will help to protect consumers and generate some much-needed revenue for the government.
How To Play And Win At Iceland Slotgaming
Slotgaming is one of the most popular online casino games. This game is not just about chance but also about strategy. To win at slotgaming, you need to know how to play the game and have a winning strategy.
The first step in winning at slotgaming is to choose a reputable and reliable online casino. Check out the casino's licensing and security measures to ensure that it is safe to use. Once you have found a safe and trustworthy casino, registered an account and deposited some funds, you are ready to start playing.
When starting out, it is a good idea to playing the free demo games first. This will help you get a feel for the game before investing your money. Also, make sure you read the rules of the game carefully as there may be some nuances that you are not aware of.
Once you are comfortable with how the game works, it is time to start thinking about your strategy. One of the most important things to remember when playing slotgaming is that there is no one definitive strategy that will work for everyone. You need to figure out what works best for you by testing different strategies and tweaking them until you find something that gives you consistent results.
Some basic tips that can help you with your strategy are:
- Choose a game with a low volatility if you want to minimise your losses. A high volatility game has higher potential rewards but also comes with more risks.
- Try to bet on as many paylines as possible as this increases your chances of winning something. However, make sure that you don't bet more than you can afford to lose.- Always keep track of your bankroll and stop playing when it gets too low.- Use bonus features sparingly as they can eat into your bankroll quickly if not used wisely.- Be patient and don't rush into making decisions. Winning at slotgaming takes time and patience.- Finally, practice makes perfect! So keep playing regularly and eventually you will start winning more often than not.
Get Your Free Spins Bonus At Iceland SA Casino
Iceland SA Casino is the place to be for online casino enthusiasts. This online casino offers an impressive range of games, great bonuses and promotions, and superior customer service. Players can enjoy a wide variety of popular casino games such as slots, table games, and live dealer games. Some of the most popular slots include Starburst, Gonzo's Quest, and Book of Dead.
To sweeten the deal, Iceland SA Casino offers new players a generous Welcome Bonus. New players can enjoy up to €1,000 in free spins on their first three deposits. In addition, players can also take advantage of other exciting bonuses and promotions. These bonuses and promotions change regularly, so be sure to check the website often for the latest offers.
Players at Iceland SA Casino can rest assured that they are being taken care of by a top-notch customer service team. The customer service team is available 24/7 via live chat and email. They are always happy to help with any questions or concerns that players may have.
Why not head on over to Iceland SA Casino today and enjoy some fun online casino gaming? You won't regret it!
Join In The Fun With Iceland SlotGaming
Slotgaming is one of the most popular pastimes on the internet, enjoyed by people of all ages and from all walks of life. Iceland is a country that is known for its love of nature and its stunning scenery, so it's no surprise that slotgaming is also popular there.
There are many different slot games available to play online, but some of the most popular ones are based on themes from Icelandic culture and nature. One example is the game 'Sólvellir', which takes players on a journey through a beautiful Icelandic landscape. Another popular game is 'Heimskringla', which features characters from Norse mythology.
Slotgaming can be enjoyed by people of all ages and from all corners of the globe, but there's something about playing these games in their natural home that just adds to the excitement. So if you're looking for an exciting new pastime to try out, why not check out some of Iceland's amazing slotgames?
