Lesotho’s gambling industry is growing, and for operators wishing to enter the market, understanding the country’s licensing requirements is crucial. In this post, we will explore the costs, timelines, and what services are needed to start a gambling operation in Lesotho. The country’s regulatory framework for gambling is becoming more accessible, and the process for obtaining a licence is relatively straightforward compared to other African nations.
Gambling Licensing in Lesotho
In Lesotho, the regulation of gambling activities is handled by the Lesotho National Gambling Board (LNGB), which oversees all gambling operations, both land-based and online. The Board is responsible for ensuring compliance with legal standards and promoting responsible gambling. The gambling industry in Lesotho includes a mix of casinos, sports betting, and online gambling platforms, which have seen steady growth in recent years.
Costs and Timeline for a Licence
The costs of obtaining a gambling licence in Lesotho are considerably lower than in other African countries. Depending on the type of gambling operation (sports betting, casino, or online gaming), the cost for a licence typically ranges from $5,000 to $10,000.
The application process is relatively straightforward, with the approval timeline ranging between 3 and 6 months. This compares favourably with countries like Nigeria or South Africa, where the process is often more complex and costly.
Services Needed to Operate
Once a gambling licence is secured, operators will need several services before going live. These include:
- Banking and Payment Solutions: Operators must ensure they have local payment methods, including mobile money platforms such as EcoCash and M-Pesa, integrated with their gambling platforms. Global payment solutions such as Visa, Mastercard, and PayPal are also important for international transactions.
- Software Providers: A reliable software provider for casino games, sportsbook management, and player account systems is essential. The choice of software impacts the overall user experience.
- Customer Support: High-quality customer support is essential for handling queries, payments, and disputes. Language support in both English and Sesotho will also be critical.