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Piggs Peak Casino, a brick-and-mortar operation, has been in business in Swaziland for 13 years. Login with. He does concede that Piggspeak. But are they getting value for money and how safe are they out there anyway? It has about 38 different online games, the majority of which feature virtual slot machines. Among other legal players in this space is Microgaming, one of the oldest and largest suppliers of online casino systems in the world. Koor echoes these findings: "The foreign market is huge in comparison to the local markets. Lumb notes that while "SA can definitely hold its own as far as technology is concerned", the number of players on the African continent is "very small". Pressed on his future growth plans, he says Piggs Peak is considering offering a complete IT solution to new e-gambling operators, and that this may be a major future revenue stream for the company. Close Print.{/INSERTKEYS}{/PARAGRAPH} This is potentially good news for the e-gambling industry, in that it will promote the growth of yet more above-board operators in the industry. The company launched its e-gambling arm -- www. It is credited with the launch in of the first online progressive jackpot slot and further endears itself to its users through its PlayCheck and CashCheck facilities. Facebook icon. Going e-gambling? This is where Piggspeak. Apart from having to pay taxes on revenues earned to the Swaziland government, as well as annual licensing fees, Koor claims he also spends a "huge chunk" on software fees, advertising and loyalty programmes. There are about 1 online casinos already in operation and their numbers are growing," he says. Read time 8min 10sec. E-gamblers are poised to deliver significant online spend to cyber casinos, says a recent survey. Setting up the online venture was an obvious move for the company, which stood to lose considerable land-based business as a result of other brick-and-mortar operations opening in SA when the government opted to grant licences to land-based casinos. Lumb agrees, adding that in a connected world, unethical operators are soon detected and identified. In fact, according to Lew Koor, financial director for Piggs Peak Casino, most e-gamblers will lose money over an extended period of play. It predicts that the number of e-gamblers will increase to The resultant increases in revenues are staggering - projected as they are at around R The survey indicates that only a small proportion of this revenue is generated by players on the African continent. But he says his company still manages to make enough money to want to stay in the game. It also provides call centre and payment processing solutions to Net casino operators. In a survey entitled "e-Gambling" that was released in January this year, international research house Merrill Lynch estimates that about 7. Although the law does not prevent South Africans from gambling online, no e-gambling licences have yet been issued locally. Facebook icon Facebook. He believes about one million US-based e-gamblers play online almost every day. By Fay Humphries , Events programme director. {PARAGRAPH}{INSERTKEYS}P oint, play, pay. The majority of its revenue comes from the sale of this software to e-gambling operators and the resultant royalties. The same applies to those gambling at land-based casinos. Youtube play icon. This growth is being restricted to a certain extent as many issuing banks block approval on credit card transactions," states Lumb. Twitter icon. He adds that he will, nevertheless, "welcome the day when more big players come into play and put the fly-by-nights out of business". Are online casinos worth the gamble? Not very, if the number of watchdog Web sites that have been set up is anything to go by. Not that Piggs Peak is the only player in the SA market. Others include Forwardslash, a call centre operator; various online casinos; Aqua Online, an administrator; and iGaming and Microgaming, both e-gambling software suppliers. These allow players to track their gaming and transaction histories online in real-time. This anti-online gambling view is what both Lumb and Koor believe will severely limit the growth of cyber casinos. And in a virtual industry where end-users are set up to lose and only the occasional player will actually hit the jackpot, anything that ensures ethical practices is a win-win situation. Google icon Google. An international company, it utilises various software development companies around the world, including one in SA. So, while Piggspeak. Linkedin icon. There are about 1 online casinos already in operation and their numbers are growing. Launched in , it developed its software from scratch. Their solutions allow players to simply register, point and play. Because the odds on winning are stacked in favour of online casinos, as is the case with land-based casinos. And while the SA government has indicated it may consider granting licences, it will be a while before it sorts out exactly how it wants to approach regulating the e-gambling industry, and what terms and conditions it wishes to apply to licences. In fact, its anti-gambling stance has slowed the growth of the industry by at least half.