CasinoCityTimes.com

Gurus
News
Newsletter
Search News Subscribe
Stay informed with the
NEW Casino City Times newsletter!
Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter!
Related Links
 

South African Government Reaps in Slot Money

21 October 2003

SOUTH AFRICA – As reported by the iAfrica: "Some 25,000 slot machines located in 31 casinos across South Africa contribute some R1.7-billion (US$238.16 million) in annual revenue to the national government via taxes, having replaced 150 000 illegal slot machines in operation in 1996, according to National Gambling Board chair Chris Fismer.

"Speaking at a business briefing in Johannesburg recently, Fismer was reflecting on his just-concluded year as chair of the International Association of Gaming Regulators (IAGR), which represents regulators in more than 50 jurisdictions and countries throughout the world.

"…Today, revealed Fismer, there were only 25 000 slot machines in South Africa, in 31 casinos which had generated nearly R12-billion in new investment and annually contributed some R1.7-billion in taxation to government. Moreover, this new industry was vigorously and effectively regulated, had closely monitored and high standards of probity and player protection, and it was responsible for substantial investments in public infrastructure, including two international convention centres and over 5000 new hotel rooms, among other investments…"

< Gaming News