Who Owns BetKing in Nigeria?

The betting industry is getting more and more attention from people all over the world. Thanks to the development of new betting sites, where some of the brands are owned by one company. Since people are looking for different bookmakers, they need to take a quick look at their main characteristics, including the legal aspects, and find information about the company’s registration and regulator. On the following page, you will find more regulatory information about BetKing, who owns the bookmaker and what impact it has on the whole industry in Nigeria. 

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BetKing Customer Support in Nigeria 

BetKing Customer Support in Nigeria 

BetKing is a Nigerian bookmaker with an excellent reputation due to its transparency of operations and responsible customer support. In general, support is a key indicator of a bookmaker’s trustworthiness. The quality of the support indicates the quality of the entire betting site. Nowadays, it’s important to have responsive support that offers different ways to solve a question. You can check out our BetKing customer care article to know why the tech support is worth your attention. Below, we wrote the options for contacting them if you need them as soon as possible:

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Who Is the Founder of BetKing

BetKing is a famous Nigerian bookmaker that offers many sports disciplines, hundreds of betting options, tasty bonuses, and a fair approach. The bookmaker was created by SV Gaming, which was founded by entrepreneurs Adekunle Adeniji and Byron Petzer. SV Gaming is a trusted company with experience in the betting industry. It gave birth to BetKing in 2018, when it obtained a license from the Lagos State Lotteries Board. Therefore, the betting site operates legally, offers real sports betting, and supports many Nigerian banks for deposits and withdrawals. 

BetKing History 

When you open the sportsbook for the first time, it’s crucial to evaluate how well the betting site provides the basis for sports betting. The time when the bookmaker appeared on the Internet, we can find the status of it on the betting arena. The first appearance of BetKing was in 2018 in Nigeria. The key person was Adekunle Adeniji, who was just a manager at Bet9ja. After gaining experience, he decided to try to open his own bookmaker. Since then, the bookmaker has introduced excellent sports betting features right from the start, offering many fantastic live and virtual betting options. Today, the bookie has set the highest quality standards and creates tough competition among all Nigerian bookmakers. 

Online Betting in Nigeria 

BetKing Online Betting in Nigeria 

Nigerian betting has seen many changes. So, it’s getting difficult to follow the trends and new betting sites. If you still doubt the trustworthiness of modern sites, make sure you analyze them carefully, learn the differences, and evaluate their security. Since security is responsible for your well-being on the site, it ensures that your personal information and banking details are protected. 

About the Owner and His Achievements 

As previously mentioned, Betking was founded by Adekunle Adeniji and Byron Petzer, with Byron currently serving as its owner. Notably, the bookmaker has recruited Jay-Jay Okocha, a well-known football player, as a brand ambassador, with Adekunle utilizing him as a prominent figure for BetKing. Luckily for him, the bookie has developed significantly, offering betting enthusiasts outstanding betting opportunities. 

Who Owns BetKing Now

Who Owns BetKing Now

Sometimes, the founder and the owner are the same person. However, as the bookmaker operates, it gets numerous regulatory changes, and the brand might be sold and new owners established. At BetKing, the situation is partly true as the new owner and shareholders came by. Check them out! 

BetKing Ownership Structure Overview 

BetKing is owned by SV Gaming Ltd, which has a complete organizational structure. Adekunle Adeniji is the top sales manager and stakeholder with ownership in the company. Recently, the company’s shares were acquired by the renowned football player Jay-Jay Okocha, who is now the biggest ambassador for BetKing. 

Ownership Changes Over the Years 

The company started operating in 2018 and has been owned by SV Gaming Ltd since then. After two years, Jay-Jay Okocha joined the ranks of representatives and became one of the shareholders. 

Current Owners of BetKing 

Current Owners of BetKing 

Since the Okacha has become an ambassador, it gave a great push to the football players to become an owner of the sportsbook. Later, he signed a contract and became one of the owners of BetKing with Adekunle Adeniji. 

BetKing’s Impact on Nigeria 

BetKing's Impact on Nigeria 

In addition to its betting options, BetKing participates in a CSR program and shares updates on its Corporate Social Responsibility initiatives, which significantly impact Nigerian society by prioritizing the well-being of its people. The project supports material health problems, occupational health, and general well-being. The campaign delivers food across several Nigerian states, provides medicine, and more.

Online Betting in Nigeria: Main Features 

Take a look at the main changes in Nigerian betting over the last few years. 

  • Live betting. Betting on live events has been popular for years. Generally, it allows you to bet on games that are currently live. Even if the game has already started, you can open the “Live” section of the betting site and browse through the available options. The beauty of live betting is its fast action and rapidly changing odds. 
  • Wide range of betting markets. Even if you’re not a professional bettor, the variety of betting markets will greatly enhance your experience. There are the usual 1×2, Double Chance, Total, and unique markets that you won’t find at most other bookmakers. 
  • Virtual Casino. New sites are always finding a way to attract players. One of them is to offer virtual sports betting options. Open the BetKing website and go to the virtual section. Choose to bet on virtual football, horse racing, or other sports and place your bet. All results are based on the random number generator, so you never know which team or horse will come out on top.

BetKing Economic and Entertainment Impact on Nigeria

As far as Nigeria is one of the top 3 strongest economies in Africa, it has numerous companies that help it grow. One of them is BetKing, which has a significant impact on the growth. BetKing is a market leader, providing Nigerian punters with a world-class betting experience and focusing on delivering value to its users. To stay competitive, the company’s managing director, Olaoluwakitan Babatunde, said that the company values responsible gaming, compliance, and loyalty to users. In general, that’s the position of the CSR activities, which also includes external activities, such as supporting athletes, health, education, and the environment of the country. BetKing invests in the training and education of Nigerian entrepreneurs, giving them grants to start their own businesses. All in all, the bookmaker contributes immeasurably to the economic and CSR activities in the country.


BetKing Conclusion 

BetKing is one of the leading companies in the betting industry. It has fans all over Nigeria for a reason. First, it’s a fully legal bookmaker with a local license. Second, it offers punters a wide variety of sports disciplines and unique betting markets. But more importantly, it has a transparent organizational structure: we know who owns the bookmaker and who is the managing director.

Which company owns BetKing?

BetKing is a famous bookie by SV Gaming Ltd with an official king ambassador Austin Jay Jay Okocha and co-founder Adekunle Adeniji.

What is the highest amount BetKing can pay?

It is possible to win any amount of money, but the maximum payout is NGN 10,000,000 per day.

When was BetKing brought to Nigeria?

The first appearance of the bookmaker on the Nigerian internet was in 2018. Since then, the brand has expanded significantly and gained millions of active players.

Is BetKing better than Bet9ja?

BetKing has a bigger list of promotions, better customer support, and more withdrawal options. Bet9ja has a casino section with several gambling games, so which one is better depends on your preferences.

Is Okocha an ambassador of BetKing?

Yes, he is a current ambassador and owner of BetKing.

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