Suncoast Casino and Entertainment World
African Casino Market
Lorien Pilling, Research Director, Global Betting and Gaming Consultants
A 16
few months ago we wrote about the trials and tribulations being faced by the casinos in the likes of Egypt and Tunisia as violence
and protests erupted at the start of 2011.
But elsewhere on the continent of Africa casino operators are seeking to grow gaming businesses in their respective markets as economies develop. Over the next two articles GBGC will be taking a look at casino gaming across some the jurisdictions in Africa, both emerging and established.
In its Global Gambling Report titled Betting on Regulation, GBGC calculates that gross gaming
yield (GGY) from casinos in Africa amounted to US$ 2.87 billion in 2010. Based on the current timetable of new properties opening and prospects for the region’s economies, GBGC forecasts that Africa’s casinos will have gross gaming yield of US$ 4.18 billion by 2015. Despite some strong growth over the last decade, Africa’s casinos still only represent 2.35% of the global casino market, as measured by GGY. Of course, within the African casino sector, South Africa accounts for the majority of the revenues.
The casinos are the dominant gambling sector in South Africa and at the end of financial year 2010, there were 37 casino licences issued across the South African provinces. Of these licences, 36 casinos were operational.
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