SOUTH AFRICAN CASINO GAMBLING IS A MASSIVE R30 BILLION BUSINESS
According to an article published in BusinessTech.co.za, gambling is a multi-billion rand industry in South Africa. In fact, the industry is so huge that it managed to bring in close to R30 billion in gross winnings for local casinos last year.
Granted, the eye-watering sum includes other forms of gambling such as sports betting, bingo and horse racing. However, it is clear that the runaway majority of this sum is derived from brick-and-mortar casinos in South Africa.
In 2018, visitors to casinos and other forms of gambling establishments wagered R390 billion. Of that, R276.5 billion in that total turnover came from casinos.
The article states that Gross Gambling Revenue for the whole South African gambling industry was R28.7 billion. Of that, casinos took R18.42 billion.
Tsogo Sun Releases Annual Results
To illustrate the success of the South African casino industry, one only has to look at the numbers published by Tsogo Sun in its full year to the end of March report.
The group’s casinos brought in net gaming revenues of R9.8 million. The number only grows with revenues from other segments such as food and casino stays, and the final number was R11.9 billion.
The following are Tsogo Sun’s best performing casinos:
Montecasino – R2.7 billion
Sun Coast Casino – R1.7 billion
Gold Reef City – R1.5 billion
Silverstar Casino – R691 million
Sun International Also Publishes Numbers
Also making its full year numbers (to the end of December 2018) public was Sun International, which showed net gaming wins of R8.9 billion.
GrandWest Casino pulled in R2.2 billion for Sun International. Sun City earned R1.7 billion and Sibaya another R1.26 billion.
The Biggest SA Casino Money Spinners
When you take a look at all the brick-and-mortar casinos in South Africa, you will find a breakdown of their revenue as follows:
• MonteCasino (Tsogo Sun) – R2,714 million
• GrandWest (Sun International) – R2,155 million
• SunCoast – (Tsogo Sun) – R1,734 million
• Sun City (Sun International) – R1,731 million
• Gold Reef City (Tsogo Sun) – R1,477 million
• Sibaya Casino (Sun International) – R1,269 million
• Carnival City (Sun International) – R980 million
• Time Square (Sun International) – R827 million
• Silverstar (Tsogo Sun) – R691 million
• Boardwalk (Sun International) – R552 million
• Wild Coast Sun (Sun International) – R481 million
• Goldenhorse (Tsogo Sun) – R409 million
• The Ridge (Tsogo Sun) – R391 million
• Emnotweni (Tsogo Sun) – R368 million