No growth bonanza

GROWTHin the gambling industry moderated in 2013 with higher payout rates in certain sectors, according to a PricewaterhouseCoopers (PwC) report yesterday. Higher payout rates were recorded for casinos, limited payout machines and sports betting. Gambling turnover increased 7.5 percent last year, but gross gambling revenue was only up 4.3 percent. Gross gambling revenue in 2013 was centred on casinos, the largest category, at R16.5 billion in 2013. Gross casino gambling revenue was projected to increase at a 3.9 percent compound annual rate to R20bn in 2018. – Sapa