CASA survey reveals resilient South African casino market
In the financial year, South Africa’s 37 casinos contributed more than us$ 537.3 million, or 36 per cent of gross casino revenue, through company tax, including us$ 205.7 million in provincial gambling taxes and VAT. In addition, social and responsible gambling programmes benefited from contributions of around us$ 10.2 million.
CASA chief executive Derek Auret said: “Aside from the obvious benefit to government, casinos have also been responsible for more than us$ 3.42 billion in new development, have created almost 100,000 direct and indirect new jobs and have added 7,000 new hotel rooms and two international convention centres to our national tourism assets.”
Jabu Mabuza, CASA chairman, said South African casinos had shown resilience in an unpromising environment and in the face of “a growing enthusiasm on the part of policy makers for more stringent regulation and taxation of the industry.”
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