The future of the industry

The Madagascar market will grow steadily, relying on tourism and mobile payments.

Likely steps are clarifying the rules for digital products in conjunction with ground licenses, standardizing eKYC, expanding cashless payments (including mobile wallets) and clearer requirements for responsible play.

Investments in hall infrastructure and energy reliability are expected, as well as the development of light online formats (live tables, instant games) for local payments and MGA.

Risks - household income volatility, energy savings and gray segment; answers - stable tax regimes, AML/CFT supervision, transparent payments and partnerships with the hotel sector.

As a result, a compact, but more predictable market is formed with moderate digitalization and an emphasis on protecting players.