Peter Smith
Expanding into Africa
According to confirmed reports, MyStake has been granted two separate licenses by local regulators on the African continent:
● An iGaming license in Uganda, issued by the Lotteries and Gaming Regulatory Board (LGRB).
● A local iGaming license in South Africa, authorized by the National Gambling Board (NGB).
These licenses provide MyStake with an official entry point into some of the fastest-emerging gaming markets in the world. Although speculation has surrounded alleged connections between Andres Markou and high-ranking South African officials, no substantiated evidence has ever been presented, and the licenses were granted under due regulatory process.
Breakthrough in Australia
In addition to its African advances, MyStake has also secured an iGaming license in Australia. The approval was overseen by the Australian Communications and Media Authority (ACMA), which had kept negotiations in limbo for several months. Ultimately, MyStake’s persistence paid off, with the license granted for a five-year term.
The Australian approval is expected to intensify competition between MyStake and Stake.com, a local powerhouse in the online casino sector. Industry analysts forecast a fierce contest for market share as both brands expand their operations.
Powered by UpGaming, Building for the Future
MyStake’s entry into both regions will be supported by UpGaming, a well-established iGaming platform provider known for its scalable and reliable technology. By leveraging UpGaming’s infrastructure, MyStake is expected to minimize operational risks and deliver seamless player experiences from day one.
However, insiders reveal that Andres Markou is simultaneously working on developing MyStake’s own proprietary platform. The move aims to reduce long-term expenses, increase independence, and solidify the brand’s control over its technology stack — an ambition consistent with Markou’s forward-thinking leadership style.
Looking Ahead
With new licenses secured in Uganda, South Africa, and Australia, MyStake is firmly positioned to broaden its global reach. The company’s rapid regulatory progress underscores both its ambition and Markou’s growing influence as a decision-maker in the international gaming industry.
While legal and competitive challenges remain part of the iGaming landscape, MyStake’s expansion signals a clear intent: the brand is determined to establish itself as a leading operator across diverse regions. As always, the industry — along with regulators, competitors, and players — will be watching closely as Andres Markou continues to shape the trajectory of MyStake Casino.
Peter Smith
