Gambling industry in SA increases revenue by 9.6% despite tough economic times

The Casino Association of South Africa announced the results of a survey entitled “Survey of Casino Entertainment in South Africa 2015”.

Despite economic tough times, the survey revealed an increase of about 9.6% in “Gross Gambling Revenue” for the gambling industry.

The Money Show’s Bruce Whitfield interviewed Adv. Themba Ngobese, CEO of the Casino Association of South Africa.

Scroll down for quotes from the audio below.

This industry most certainly does more good than harm.

Adv. Themba Ngobese, CEO of the Casino Association of South Africa

We fund programs to treat people with gambling problems.

Adv. Themba Ngobese, CEO of the Casino Association of South Africa

We go beyond just paying taxes. We support more than 60 000 jobs.

Adv. Themba Ngobese, CEO of the Casino Association of South Africa

Government intends to increase the number of casino licenses to 41. When will it stop?

Adv. Themba Ngobese, CEO of the Casino Association of South Africa

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI

702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Need a loan? How to improve your credit score (before you apply)

Need a loan? How to improve your credit score (before you apply)

Get a free credit report, then follow these five tips and see by how much you can improve your credit record.

5 rubbish beliefs about investing that are keeping you from getting rich

5 rubbish beliefs about investing that are keeping you from getting rich

Financial advisor Warren Ingram rubbishes some popular, yet blatantly untrue ideas that are keeping people from growing wealthy.

How to make your first R1 million (after that it just becomes so much easier)

How to make your first R1 million (after that it just becomes so much easier)

Rich. Wealthy. Financially free... Call it what you will; the first million is how you get there. Warren Ingram on his book...

Why investing in shares is not like gambling

Why investing in shares is not like gambling

Despite a widely held belief to the contrary; putting your hard-earned money into shares is nothing like gambling.

Why online gambling (it’s illegal, did you know?) is harming South Africa

Why online gambling (it’s illegal, did you know?) is harming South Africa

Online gambling is booming but not harmless, says Casino Association South Africa CEO Themba Ngobese.

4 beliefs about shares that keep you from growing wealthy

4 beliefs about shares that keep you from growing wealthy

4 popular, yet patently false, beliefs about stock market investing that's holding you back.

Popular articles
Most common sex-related injuries and how to avoid them!

Most common sex-related injuries and how to avoid them!

Experts say vaginal tears, broken penises and the loss of foreign objects in the body are often seen in the ER

Radio powerhouse joins 702

Radio powerhouse joins 702

Richard Nwamba will host a new African music show between 16h00 and 18h00 every Saturday.

Celebrity chef Siba Mtongana gets vulnerable, opens up about money

Celebrity chef Siba Mtongana gets vulnerable, opens up about money

The Money Show’s Bruce Whitfield interviews Mtongana about her attitude to money (hopes and fears, successes and failures, etc.).

[LISTEN] Father shares how he shot the man who raped his daughter

[LISTEN] Father shares how he shot the man who raped his daughter

Johannesburg father, Chris says he had just come back from work when he walked in on an employee raping his 17 year old daughter.

Is the lovable Winnie The Pooh a boy or girl?

Is the lovable Winnie The Pooh a boy or girl?

A trending Twitter debate has left social media users arguing over whether Winnie the Pooh is a girl or boy.

UPDATE: Chilling WhatsApp from Marli van Breda's ex-boyfriend read out in court

UPDATE: Chilling WhatsApp from Marli van Breda's ex-boyfriend read out in court

Marli van Breda's ex took the stand in the trial of triple murder accused Henri van Breda.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?