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South Africa's Casinos Clean Up

SOUTH AFRICA – As reported by the Johannesburg Sunday Times: "South Africans gambled away R8.2-billion in the 12 months between March 2003 and March 2004, 89% of it going to casinos.

"According to National Gambling Board statistics, the billions wagered included bets on horse racing and bingo.

"'The gross gambling revenue, which is R8.2-billion, is the industry's financial turnover before government tax and other deductions are made,' explained the board's Michael Burns.

"He said that in 2003/04 casinos made a net profit of R3.5-billion…"

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