PalaceBet

PalaceBet was a South African sports betting and live games brand that launched in October 2020 and ran for about three years before shutting down in April 2024. It started under Peermont Hotels, Gaming and Resorts in partnership with DraftKings, so the name carried some proper casino-group weight from day one rather than feeling like a random white-label throwaway.

Who was PalaceBet built by?

Peermont is the group behind land-based properties like Emperors Palace Casino, which explains the more casino-fluent feel of the brand. PalaceBet sat under that umbrella as palace-bet.co.za, with SA-facing rand accounts and local payment rails, so it was built for players who wanted a familiar South African setup rather than a generic offshore sportsbook with a casino tab bolted on.

What was in the lobby?

The offering mixed online sports betting with live games and a slots lobby. The chip set on the page tells the story better than any marketing line: players were looking at a familiar spread of mainstream studio names, with titles from big labels like Pragmatic Play, Play’n GO, and Hacksaw alongside a broad mix of familiar suppliers. In practice, that usually means the kind of slot floor SA players already know how to read: book-style bonuses, high-variance grinders, quick-hit feature games, and enough recognisable brands to make the lobby feel legible fast.

How did deposits and accounts work?

PalaceBet supported ZAR accounts and local deposits through EFT and Ozow. That matters more than glossy copy ever does, because it keeps the whole flow in rand and uses the payment rails South African players actually use. For anyone who wanted a local account, a local balance, and a brand with a clear casino-group background, PalaceBet ticked those boxes.

Who was it for?

It suited players who wanted a South African bookmaker with casino crossover, a local banking setup, and a brand that came from an established gaming group rather than a faceless clone. The catch now is simple: PalaceBet is no longer active, so the name is part of SA online betting history rather than a live option.