Tag: South Africa gambling
Gambling revenue rises in South Africa
November 14, 2013
iGaming Business – Revenue from all forms of gambling in South Africa has increased during 2013 despite the economic slowdown, according to a survey by professional services firm PricewaterhouseCoopers (PwC). The report recorded gross gambling revenue of ZAR16.4 billion (€1.2 billion/$1.6 billion) in 2012, a total of which 78% was generated from casinos. Nikki Forster, PwC’s gambling leader, highlighted casinos as the gambling market leader in the country, with the market for limited pay-out machines (LPMs) “far below” its potential as the opportunity remains for more to be installed. “The casino market has virtually reached its maturity with 38 out…