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
Read More
Tourism Grading Council of South Africa defends its grading system

Tourism Grading Council of South Africa defends its grading system

Bruce Whitfield interviews Darryl Erasmus, Chief Quality Assurance Officer at the Tourism Grading Council of South Africa.

'Do parties – especially the ANC – want to continue in the sea of mediocrity?'

'Do parties – especially the ANC – want to continue in the sea of mediocrity?'

Bruce Whitfield interviews Colin Coleman (MD, Goldman Sachs Sub Saharan Africa) and Busisiwe Mavuso (COO, Business Leadership SA).

You’re almost certainly – no matter what you believe - crap at investing

You’re almost certainly – no matter what you believe - crap at investing

Data shows that almost everyone sucks at investing, says Warren Ingram. Here's how to avoid shooting yourself in the foot.

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
You’re almost certainly – no matter what you believe - crap at investing

You’re almost certainly – no matter what you believe - crap at investing

Data shows that almost everyone sucks at investing, says Warren Ingram. Here's how to avoid shooting yourself in the foot.

How long to keep tax records available for inspection in South Africa

How long to keep tax records available for inspection in South Africa

Should you keep them "forever"? Tax expert Chris Sloane on the requirement to keep tax records available for inspection by Sars.

[WATCH] There will be no place for violence in EFF government - Julius Malema

[WATCH] There will be no place for violence in EFF government - Julius Malema

Leader explains some of the party's election manifesto promises on the Eusebius McKaiser show.

[WATCH] Eusebius probes Julius Malema about EFF's readiness to rule

[WATCH] Eusebius probes Julius Malema about EFF's readiness to rule

Eusebius McKaiser interrogates the leader of the Economic Freedom Fighters about its policy manifesto.

Giant ANC billboard with spelling error has social media in stitches

Giant ANC billboard with spelling error has social media in stitches

Khabazela shares tweets and Facebook posts that have gone viral.

[WATCH] JMPD's Wayne Minnaar sets the record straight on the hot cross bun

[WATCH] JMPD's Wayne Minnaar sets the record straight on the hot cross bun

Azania Mosaka joins the social media craze and takes a breathalyser after eating a hot cross burn.

Sam Smith cancels remaining Cape Town concerts

Sam Smith cancels remaining Cape Town concerts

British singer, Sam Smith's fans in Cape Town where left disappointed after his concert was cut short due to voice strain.

New Ipsos poll shows ANC winning 2019 election, rates Ramaphosa a vote puller

New Ipsos poll shows ANC winning 2019 election, rates Ramaphosa a vote puller

Senior client officer at Ipsos, Mari Harris says President Cyril Ramaphosa's trust index is higher than other leaders.