No growth bo­nanza

The Star Early Edition - - NEWS -

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

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