Victor Chandler to Expand into South African Gambling Market

April 2 - Victor Chandler International, a global gambling operation with its head offices in Gibraltar and others scattered around the world, from Macau to Buenos Aires, has stated that it would soon be branching into the South African gambling market. The company is presently seeking the necessary trade licenses that will allow it to enter the local industry and compete against other well-established groups.

When asked why he was seeking to join the South African market, CEO and company founder, Victor Chandlers, said that the local market, especially horse racing, had always attracted him. Chandler has three race horses that were trained in the Cape. "It is also clear that most South Africans are passionate about sports," he said.

The company's plans are to focus on online betting, with casino, poker and sports elements incorporated into one operation. A call center is also part of the greater vision. Legislation is under way to legalize the online gambling industry in South Africa and Victor Chandler International intends to be at the forefront when the first licenses are issued.

In an interview, Chandler was asked whether he had considered buying out an existing company in the South African market. He replied that while it had been an option, he had eventually rejected the idea and would, instead, be partnering with an as of yet undisclosed local operator with considerable experience in sports and e-gaming.

Victor Chandler admitted that the 2010 World Cup event, due to take place in South Africa, was a major deciding factor in his decision to join the South African market. But he was quick to reassure that "it was only one reason, and we are here for the long term and are excited about entering this market."

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