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South Africa: Casino revenue growth reaches peak

4 February 2009

SOUTH AFRICA -- As reported by Business Day: "The latest figures due out from SA's listed casino groups are likely to show that growth in gaming revenues will most likely have peaked after a decade of strong growth.

"The economic downturn, as well as the fact that there are few new casino licences up for grabs, is likely to put the brakes on revenue growth in the sector.

"The Casino Association of SA's (Casa's) 2008 survey of casino entertainment shows that gross gaming revenue grew from R6,22bn in 2001-02 to R15,618bn in 2007-08. Gauteng, with its seven casinos, was by far the biggest in terms of revenue generation, grossing R1,405bn in the last quarter of last year, followed by Western Cape with R567m in the same period. However, the figures show a levelling off in growth during last year..."

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