African Casino GGY (US$m) 2007 – 2015 Source: GBGC’s Global Gambling Report – Betting on Regulation
Panorama, and Hotel Tivoli. These casinos mostly cater for business clients staying the hotels.
In 2008, the construction of a new hotel, The InterContinental, began and it is believed will include a casino upon completion in 2014. The casino is being built by a consortium of Sonangol and Suninvest Group. It was assumed that the country’s existing casino operator, Plurijogos, would also operate the new casino. But in October 2009 it was reported that Stanley Ho, Macau’s gambling mogul, would be running the casino in partnership with local businesswoman Isabel dos Santos. Dos Santos is the eldest daughter of the Angolan president Jose Eduardo dos Santos.
The Ho - dos Santos partnership is also believed to be interested in operating the new casino at the Gika Complex being developed in Luanda. The Gika casino is being developed by Casinos de Angola for US$35m. The casino will have 6,500 square metres over four floors, two restaurants and a stage, and will bring 500 new jobs. It is part of a $55m investment by Casinos de Angola to develop tourism and promote the Angolan gaming and entertainment to be implemented by 2013.
In 2009 Casinos de Angola opened the new Olimpia casino worth US$5m with 70 slot machines and eight tables in the town of Lubango. Additionally, the Tivoli casino in Luanda was refurbished at a cost of US$6m and re-opened in June 2010 with 24 slots machines and 12 gambling tables. In July 2011, Casinos de Angola was scheduled to open a new casino in Viana worth US$2.5m, with a gaming area of 462 square metres. The casino is expected to create 250 new jobs when fully operational.
Cape Verde
There were big plans a few years ago for the Cape Verde islands, which lie in the Atlantic Ocean off the coast of Western Africa.
Cape Verde has developed close ties with China and Chinese companies started exporting goods and realising smaller scale non-gaming investments on the island in the 1990s. Back in 2004, the prime minister of Cape Verde stated that the country’s goal was to attract large scale tourist developments and casino resorts. Tourism is regarded as a target investment segment on the island. The island caught the attention of Macau’s millionaires such as David Chow who announced the creation of a massive US$100m entertainment complex on the island. The
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