Heritage Bank Starts Annual Sporting Event For Schools
By Dipo Olowookere
One of Nigeria’s most innovative banking service providers, Heritage Bank Plc, has unveiled plans to organise an annual sporting event for secondary schools in Nigeria with the aim of discovering and rewarding talents.
The project known as Skoolympics, is aimed at building a heritage of champions using Lagos State for the pilot scheme.
Managing Director and Chief Executive of the bank, Mr Ifie Sekibo, officially flagged off the project in Lagos, at a crowded corporate forum/ presentation.
Addressing representatives of prospective brand partners at the first official press briefing, the Heritage Bank’s boss who was represented by Executive Director, Service Bank, Mr Niyi Adeseun, said Skoolympics is the lender’s signature sporting event designed to provide a platform for schools and youths to develop talents in sporting activities at an early stage.
Mr Sekibo said that the idea behind Skoolympics was the holistic development of young people, fostering their physical, social and emotional health.
“The benefits of Skoolympics reach beyond the impact on physical well-being and the value of the educational benefits of Skoolympics should not be underestimated,” he said.
In his contribution, a consultant to the project, Mr Moses Nwanze, Managing Director of Lexicon Communications, said the maiden edition in Lagos would be held in the six educational districts of Agege, Ikeja, Badagry, Epe and Ikorodu among others.
He added that in order to give vent to the project, former African Queen of the tracks and two-time Olympic medalist, Mary Onyali-Omagbemi, has been chosen as the brand ambassador of the Skoolympics project because of her contribution to the development of sport in the country.
Also speaking on the technical details of the project, Chief Executive of Topaz Sports Limited, Mr Edwin Udogu, said there would be post-event management of the winning athletes through mentoring process that could lead to award of scholarship by either international or local organisations in order for them to fulfil their career in sports.
The major objectives of the project are to increase participation in sports in order to discover talents and future Olympians, to groom young athletes yearly from the grassroots who will be developed, trained and nurture them to compete and achieve their dreams as well as to create a platform through sports where youths will become great in the various communities.
The bank intends to collaborate with the Lagos State Government to build a culture of sports hand-in-hand with the formal education in a bid to secure the future of the teaming population.
Towards this end, the lender will bring together more than 80 public and private schools with about 6,000 students competing across all local government areas of Lagos State in the maiden edition.
The finals of the competition will take place this October at the Teslim Balogun Stadium in Surulere from October 19 to 21, 2016 and there will be various sporting activities such basketball, athletics, handball, table tennis and swimming among others.
Real Money Slots: How to Win Big and Have Fun
Real money slots are the perfect pastime and money-making activities. Unlike other casino games, slots are popular due to their convenience and accessibility. Apart from this, gamblers often win large amounts of money with relatively small bets. But this does not translate to a walk in the park. No casino game comes with a 100% guarantee that you will make money. Thankfully, we know a few tricks to assist you in maximizing your casino experience to its fullest potential. Check out our online slots real money South Africa review for a breakdown of the top SA casinos and how to find the best games. With that in mind, allow us to demonstrate the process of playing slots for actual cash winnings.
Advantages of Real Money Slots
Slots encompass a plethora of themes and game features, boasting convenience and effortless gameplay accessible from any location. Additionally, players relish in a myriad of other advantages, such as:
The Potential to Win Real Money
Online real money slots South Africa have a variety of themes and styles. The most popular online gaming platforms offer more appeal than land-based casinos and are easier to use. Gamblers participate in individual games and tournaments that pay large sums of money. Apart from this, casinos offer bonuses to reward existing players and attract new players. These promotions include free spins, cashback offers, and welcome bonuses.
Flexible Stake and High Payouts
Gamblers can decide how much they want to bet on a spin. It ranges from a few cents to hundreds of dollars. Ultimately, it depends on how much the player wants to risk. Despite the difference in stakes, some games provide an opportunity to win million-dollar cash with as little as $1.
Best Real Money Slots
Real money slots are accessible from anywhere with an internet connection. The games have advanced graphics and animation that provide an engaging experience. But since casinos are not created equal, some providers excel more than others in their offerings. If you’re in South Africa, below are the top 4 online slots South Africa real money to try:
- Mega Moolah
- Book of Dead
The globally renowned slot game, Mega Moolah progressive jackpot, stands as a crowd favorite. With an astonishing $804 million in accumulated winnings, it stands out as a rare gem where players can potentially become millionaires with just a $1 bet. Notably, this Microgaming masterpiece has secured its place in the Guinness Book of World Records for the largest jackpot payout ever recorded in an online slot machine game. A British soldier once won £13,213,838.68 with a minimal bet of 25 cents. So, if you’re feeling lucky, try Mega Moolah.
For those who appreciate themes of love and romance, Casanova presents itself as another remarkable game to delve into. Set in the enchanting city of Venice, it offers a glimpse into the extravagant life of a playboy. Boasting 5 reels, 20 paylines, and 3 rows, players can enjoy winning combinations from both directions, while also encountering scatter and wild symbols throughout their gameplay. Although Casanova lacks a progressive jackpot like Mega Moolah, it compensates with a solid 96% return to player (RTP) rate and a plethora of other captivating themes to explore.
Delve into one of history’s most renowned events with Pompeii, a highly sought-after game. Embark on a virtual journey to the ancient ruins and seize the opportunity to claim the coveted jackpot prize. Pompeii showcases 5 reels and an impressive 243 ways to achieve victory. With a remarkable 15X multiplier and the inclusion of free spins that can substitute for the scatter symbol, the game promises an immersive and rewarding experience.
Book of Dead
Embark on an exhilarating adventure in The Book of Dead, an enthralling slot game that takes you on a quest to uncover hidden treasures within the tombs of ancient Pharaohs. While the ultimate objective is to claim a staggering $250,000 in winnings, there are numerous captivating features that pave the way to this rewarding journey. The Book of Dead boasts 10 paylines and 5 reels, allowing for diverse winning possibilities. Plus, with a minimum stake of just $0.01, players of all budgets can indulge in the excitement of this extraordinary game.
Tips For Playing Real Money Slots
Strategic choices often determine the distinction between a triumphant and an unsuccessful gamer. Enhance your chances of winning real money by adhering to these valuable tips during your gameplay:
Start with a Small Bankroll
Inexperienced gamblers often start by risking huge capital. When they lose, it affects their emotions, and they spiral into addiction and irresponsible gambling. To avoid this, start with a small bankroll. Gradually build it over time so you don’t lose everything at once.
Choose Games Wisely
Conduct thorough research and opt for games that provide optimal returns for minimal bets. Prioritize games with a low house edge, enticing bonus features, and generous payout rates. If you’re engaging in a progressive jackpot game, ensure that you place the maximum bet to qualify for the highest potential payout.
Enjoy Promotions and Bonuses
Take advantage of cashback offers, free spins, and other bonuses to improve your bankroll and chances of winning.
Exercising responsible gambling practices is paramount to navigating the world of gambling successfully. It is crucial to recognize when it’s time to conclude your gameplay and withdraw your winnings. Equally important is the establishment of a well-defined bankroll management strategy to effectively oversee your funds.
Bankroll Management Strategies
Bankroll is an integral part of any gambling tactic. Before placing a bet, pay attention to the following:
- Set a budget: Establishing a budget for your gambling activities and adhering to it is of utmost importance. This essential practice safeguards against excessive spending and guarantees that you engage in gambling responsibly, using funds that you can comfortably afford to lose.
- Don’t chase losses: If you find yourself experiencing a series of losses, it’s crucial to refrain from persistently playing in the hopes of recovering your previous losses. Instead, take a well-deserved break to clear your mind and return to the game later with a refreshed perspective.
- Divide your bankroll: Don’t play with all your money at once. Instead, divide it into smaller portions and play with one part at a time.
- Set win and loss limits: Decide the maximum amount you are winning to lose and the minimum amount you’re hoping to win. Stop playing immediately after you hit these limits and cut your losses or cash out.
Online slots for real money are renowned for their straightforward gameplay, making them a favoured choice among both novice and seasoned South African players. However, despite their allure, we urge players to exercise caution. By implementing the aforementioned tips, you can enhance your winning potential while effectively managing your victories and losses.
Suspension of Online Casino Services in Kenya: What Are the Implications?
The Kenyan government has recently implemented a number of regulations that have resulted in the suspension of many online casino services across the country. This move has been made in order to protect citizens from gambling addiction and other potential risks associated with online gaming. While this is an understandable decision, it does come with some serious implications for local businesses and individuals who rely on these services for their livelihoods or entertainment. In this article, we will look at why these decisions have been taken, what impact they could have on those affected, and alternative options that people may want to explore when looking for online casino services.
The Potential Impact on Local Businesses and Individuals
The suspension of online casino services in Kenya has had a significant impact on local businesses and individuals who rely on these services for their livelihood or entertainment. For many, the closure of these sites has resulted in lost wages and decreased opportunities for employment. This has been especially problematic for those who are self-employed, as they typically lack the protection afforded to those employed by larger companies. Furthermore, some businesses that partnered with online casinos to offer bonuses or promotions have also seen a decrease in revenue due to the closure of these sites.
The impact on individuals is difficult to quantify, as it is largely dependent on their individual circumstances and level of engagement with online casino services. For the most part, online gambling was an activity undertaken mainly by males aged 18-35 in Kenya. While there is likely to be some financial hardship for those that had become accustomed to using gambling sites as a source of income, the biggest impact may well be felt emotionally. The sudden termination of access to these services can leave people feeling isolated and vulnerable, particularly if they were relying heavily on them as a social outlet or even an escape from their day-to-day lives.
It is important to note that this decision by the Kenyan government did not come without warning; multiple public awareness campaigns were launched prior to the announcement in order to educate citizens about the risks associated with gambling addiction. Furthermore, regulators have also been reaching out and providing support to individuals affected by the suspension in order for them to find alternative sources of income or entertainment.
Exploring Alternative Options for Online Casino Services
Exploring Alternative Options for Online Casino Services is necessary for those looking to still enjoy the pleasures of online gambling without risking their safety. While the Kenyan government’s suspension of online casinos has effectively put an end to their operations in the country, there are still various options available for those seeking to engage in gaming activities.
The most obvious replacement option for those looking to use online casinos is land-based casinos. Although they do not offer the same convenience as virtual sites, these establishments provide a safe and regulated environment where customers can participate in games such as slots, poker, blackjack, bingo, and more. Moreover, land-based casinos often take additional steps to ensure customer security through robust safety protocols that include CCTV monitoring and entry screening.
Another viable option is mobile gaming apps, which have seen a surge in popularity in recent years due to their accessibility and convenience. Mobile apps provide users with a broad range of casino games, such as slots and table games right from their smartphones or tablets. These apps are also generally secure and regulated by national authorities, so customers can rest assured that their funds are protected from fraudulent activity or misuse.
Finally, social media platforms have become increasingly popular for online gambling over the past few years as they allow users to play against friends or strangers without needing to make monetary deposits. These services typically feature skill-based games such as dominoes or card games like poker that require players to use strategy rather than luck alone in order to win money or win points that can be exchanged for real money prizes. This makes them particularly attractive to casual gamers who don’t want the risk associated with traditional casino games but still enjoy wagering on their skillset.
How Can People Seek Help if They Are Struggling With Gambling Addiction
For those struggling with gambling addiction in Kenya, there are a number of organizations and services available to provide support and advice. The National Council of Problem Gambling (NCPG) is the primary government department responsible for overseeing problem gambling in the country. The NCPG provides a range of services, including advice and information on local support networks, free counseling sessions, financial assistance for those affected by their own or someone else’s gambling addiction, as well as outreach programs across the country.
In addition to the NCPG, there are also several independent organizations that specialize in providing help and support for individuals affected by gambling addiction. These include Gamblers Anonymous Kenya (GAK), which offers a variety of resources such as self-help groups, one-on-one counseling sessions, and educational material related to problem gambling. There are also websites, such as Bet Responsibly Africa which offer detailed advice on avoiding problem gambling and how to seek help if required.
In recent years, the Kenyan government has implemented a number of regulations that have affected the betting industry by suspending the online casinos of Betway and other betting giants across the country. These decisions have had a significant impact on local businesses and have left many people without options for engaging in gaming activities. Fortunately, alternatives such as land-based casinos, mobile gaming apps, and social media platforms catering to skill-based gaming provide potential solutions. Those struggling with gambling addiction can seek help from organizations such as the National Council of Problem Gambling (NCPG), independent groups like Gamblers Anonymous Kenya (GAK), and websites such as Bet Responsibly Africa. Additionally, mobile apps like Gambling Control can be used to set spending limits when betting online and ensure that users stay within their means.
How Big is the Crypto Gambling Industry in Nigeria?
Nigeria has the biggest percentage of crypto owners in Africa, according to Statista. More than 15 million Nigerians—mostly young tech-savvy people—own cryptocurrencies like Bitcoin and Ethereum.
Unsurprisingly, Nigeria is the biggest market for crypto sports betting sites. To be fair, Nigeria is Africa’s most populated country. It has a population of 200M+ people, making it an excellent target audience for iGaming businesses.
But why is the country falling in love with crypto gambling?
Crypto is a Viable Store of Value
The biggest reason for crypto gambling’s popularity in Nigeria has everything to do with Bitcoin being a store of value. According to Cointelegraph, roughly 17 million Nigerians store half of their financial assets in crypto.
Cointelegraph says Nigerians love Bitcoin and Ethereum because the country lacks adequate financial services. Sure, Nigeria is full of banks and mobile payment apps.
However, most of them don’t process payments to international betting sites. And if they do, they tend to be slower and more expensive than using cryptocurrencies.
For the uninitiated, cryptocurrencies are a limited commodity. Bitcoin has a maximum of 21 million coins. More than 19 million coins have already been mined from the blockchain. By the time the last Bitcoin is mined in 2040, the cryptocurrency will be a scarce commodity. This will, in turn, magnify its value.
Crypto Supports International Payments
Sports betting is legal in Nigeria. The best sportsbooks in the country have licenses from the National Lottery Regulatory Commission. Some of them also operate with licenses from the Lagos State Lottery Board.
That said, many Nigerians prefer to bet through offshore betting sites located in Europe or the Caribbean. Foreign sportsbooks provide bigger bonuses, better odds, and quicker payments.
Unfortunately, using offshore sportsbooks means relying on payment methods with cross-border support. This is where crypto comes in. Bitcoin supports transactions in all countries.
It doesn’t matter whether you live in Enugu State or Sao Paulo, Brazil. If you want to send money through Bitcoin, all you need is a crypto wallet and Bitcoin in your account.
Most crypto casinos support a minimum transaction amount of $10. As such, crypto betting is affordable to the majority of Nigerians. That said, crypto also supports large amounts, making it an excellent option for high rollers.
A Growing Number of Crypto Sportsbooks
Crypto betting hasn’t always been a thing. Until 2017, it was difficult to find a betting site with support for altcoins. Things are changing, though. New crypto sportsbooks keep cropping up.
To the millions of Nigerians who love crypto, these new sportsbooks solve all their problems. First, they provide a way to deposit money reliably. Most of them accept the top five cryptocurrencies.
You can use Bitcoin, Ethereum, Litecoin, Bitcoin Cash, or USDT. Top betting sites also reward you when you complete your first deposit. They might give you a risk-free bet. This means you bet using your money. But if you lose, you get a free bet.
The most popular welcome reward, however, is the 100% bonus. You get exactly what you deposit. If you deposit 10 LTC coins, you receive 10 Litecoins. If you deposit one BTC, you receive an equal amount as a bonus.
Beyond bonuses, crypto betting sites rival PayPal and Visa sportsbooks in every other way. They’re mobile-friendly. They provide efficient customer service and support a wide range of sports.
Speed is one of Bitcoin’s biggest selling points. Bitcoin processes payments on an average of 20 minutes. Surprisingly, most people actually prefer to use Ethereum and other coins because they’re faster.
Ethereum—the most Googled cryptocurrency in Nigeria—processes payments in under five minutes. If you use Ripple or Solana, the payment speed lowers to a minute or less.
Speed is crucial for sports betting. Picture this. You had forgotten Nigeria has a game against Ghana in the afternoon. You’re confident in the Super Falcons. But for you to bet on the team, you must deposit money quickly.
Bitcoin provides convenience in such situations. It completes deposits to betting sites quickly. It might be slower than PayPal. But PayPal doesn’t work in Nigeria. Also, it’s considerably fast for withdrawals—most bookies take 1-3 days to process betting cashout requests.
Crypto Provides Financial Autonomy
As we mentioned earlier, half of crypto owners in Nigeria buy Bitcoin to store their wealth. The reason crypto is such a popular option for securing assets is that it provides autonomy.
Once you buy Bitcoins and store them in a safe wallet, they belong to you permanently. It’s not like fiat cash. If you store one million Naira in a bank, there’s no guarantee your bank will let you withdraw it a week after.
With crypto, you have total control over your funds. You can use it to bet on football. Or you can keep it as an investment. You don’t need permission to use your digital currencies. And yet, these funds could make you rich during a good bull run.
Low Payment Fees
Another reason some Nigerians prefer to bet with crypto is that it’s cheaper than local banks. Banks charge fixed amounts, say $20 for every payment. If you plan to spend less than 2000 Naira, it doesn’t make sense to pay via wire transfer.
Credit and debit cards offer free deposits to online merchants. But most of them draw a line where sportsbooks are concerned. They refuse to work with betting sites, especially offshore bookmakers.
Crypto does not discriminate. It operates through a decentralized ledger not owned by any single entity. As such, it processes payments between any two parties regardless of the industry.
When it comes to fees, crypto is all about minimizing charges. In fact, crypto is against transaction fees. It’s just that the entire crypto industry wouldn’t thrive without fees.
You see, every crypto payment needs verification before it’s added to a blockchain. The people who verify these transactions use expensive resources. To reward them, everyone paying with Bitcoin must contribute a small fee to the miners.
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