Africa: New Report Reveals Africa's Gambling Revenues Moderate Amidst Faltering Economic Climate

Gross gambling and casino revenues showed subdued growth in 2013 in the wake of a faltering economy. Gross gambling increased only 4.3%. The slowdown in gross gambling revenue was centered on casinos, the largest category at 76% of the market or R16.5 billion.

Some casino operators in certain regions believe the slowdown in 2013 was due in part to growing competition from electronic bingo terminals, limited payout machines (LPMs) and sports betting shops, which are becoming more prevalent in the industry.

...

AllAfrica publishes around 500 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.