Nigeria To Host International Gaming Summit, Aims For Global Investment
## Nigeria Aims to Draw Global Investment with International Gaming Summit
The city of Lagos, Nigeria, is poised to transform into an international gaming center as it prepares to host the International Gaming Summit from October 31st to November 1st, 2023. This year’s gathering marks a significant change, seeking to attract overseas investment and bolster the flourishing lottery and gaming industry within Nigeria.
Once a domestic event, the choice to elevate the yearly gaming conference to an international platform demonstrates the Nigerian government’s dedication to broadening its economic horizons and stimulating financial progress. This endeavor is spearheaded by the National Lottery Regulatory Commission (NLRC).
The summit anticipates a wide array of participants, encompassing influential figures from both the African and global gaming sectors, contrasting with past years where engagement was primarily restricted to Nigerian stakeholders. The NLRC views this as a golden opportunity for Nigerian gaming leaders and prospective investors to connect and cooperate with international gaming powerhouses.
The International Gaming Summit will be hosted at the Eko Hotels and Suites, situated in Victoria Island, Lagos.
This advancement coincides with a noteworthy period for Nigeria’s gaming industry. In recent times, over 30 operators faced penalties for breaching regulatory guidelines, underscoring the government’s emphasis on ethical gaming practices.
The gaming industry in Africa is experiencing a period of remarkable expansion! South Africa and Nigeria are at the forefront of this surge, with analysts forecasting their joint markets to generate in excess of $2.3 billion by the following year. This rapid development resembles a gold rush, with substantial growth observed in both internet-based and traditional gambling establishments.
