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South African Casinos Sign Code of Conduct

14 November 2005

SOUTH AFRICA – As reported by the iAfrica Business News: "Representatives of South Africa's rapidly growing casino sector have signed the country's first-ever national gambling industry code of conduct, making it one of the first globally to do so outside the US.

"South Africa's listed gaming groups include Sun International, Gold Reef Casino Resorts, and Peermont Global, amongst others.

"…Announcing the conclusion of the code of conduct in Cape Town on Sunday, Casino Association (Casa) chairperson Peter Bacon said that it would bind all casinos in South Africa to 'demanding protocols' designed to promote a culture of responsible gambling in the country.

"…Casa represents South Africa's licensed casino industry. In just eight years, the new industry has been responsible for more than R12-billion in new investment in all nine provinces, adding more than R36-billion to GDP in terms of economic multipliers.

"…Gambling industry analyst and academic, Professor Peter Collins, executive director of the National Centre for the Study of Gambling at UCT, and director of the Centre for the Study of Gambling and Commercial Gaming at Salford University in Manchester, said that the new code would further enhance the international credibility of South Africa's casino industry and its policy framework…"

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