Tuesday, 17th October, 2023. H.E. Dr. Mokgweetsi Masisi, the President of the Republic of Botswana, ceremoniously inaugurated the IAGR 2023 conference at the Gaborone International Convention Centre (GICC) in Gaborone, Botswana. Gambling Central Electronic Monitoring System
Under the leadership of President Masisi, the government of Botswana is poised to leverage the gambling industry to create jobs, encourage responsible gambling practices, and support smaller enterprises.
The strategy also aims to stimulate investment, and economic and social diversification while facilitating gambling regulation compliance through digitization.
Hosted by the Gambling Authority in Botswana, this event has assembled gaming regulators from various regions across the globe in the picturesque terrain of Botswana.
The President, in his address, emphasized the critical points about the Gambling Licensing Plan and its expected impact on the country.
Job Creation IAGR 2023 Botswana Gambling Central Electronic Monitoring System
The plan is expected to create approximately 2,797 direct jobs and support small, medium, and micro enterprises in the gambling sector.
Responsible Gambling Campaign
The government is also keen on responsible gambling, and it has implemented a robust campaign alongside the licensing plan to emphasize responsible gambling practices.
Harnessing Industry Potential
Additionally, the licensing plan is expected to attract investments into the country, leading to economic and social diversification. This signifies that the government views the industry as a means of generating economic advancement and aims to optimize its advantages.
Support for Small, Medium, and Micro Enterprises (SMMEs)
President Masisi further highlighted that digital processes would enhance gambling regulations’ compliance while reducing operational costs for SMMEs. This assistance may encompass different strategies to facilitate the involvement and success of small businesses in the industry.
Investment and Diversification
It is anticipated that the proposed scheme will entice investments into Botswana, resulting in employment opportunities and a broadening of the country’s economic and social benefits for its citizens. The end result could be a more expansive and versatile economy.
Digitization and Compliance
President Masisi emphasized support for SMMEs through the implementation of digitization, more specifically the establishment of a National Central Electronic Monitoring System. The main objective of this system is to simplify the process for businesses to adhere to the regulations of the Gambling Act of 2012, as well as to decrease their overall operating expenses.
The IAGR Conference 2023, centered around the theme “Bringing ideas together: The exchange of excellence and innovation in regulatory practice”, is a highly noteworthy affair in the realm of gaming regulations. IAGR 2023 Botswana Gambling Central Electronic Monitoring System