wealth
- Company overview
- Investment philosophy
- Group structure
- Executive management
- Gaming and leisure industry
- History
- BBBEE
- Investment overview
- Operational overview
Gaming and leisure industry
The gaming and leisure industry has come of age and is booming. Since the legalisation of gambling in 1996 and the award of the first casino operators’ licences in 1997, the industry has successfully grown from strength to strength, making invaluable contributions on various levels within the economy in general. Apart from the direct investment and job creation that can be attributed to the industry, the gaming industry itself has advanced transformation in the tourism and leisure industry substantially.
In promoting the culture of responsible gambling, a body comprising regulators, civil society and industry called the 'South African Advisory Council on Responsible Gambling' (SAACREG) has been created at the insistence of the National Gambling Board. Together with the National Responsible Gambling Programme (NRGP), which is managed by the South African Responsible Gambling Trust, the industry has committed itself to the promotion of responsible gambling in communities. All sectors of the licensed gaming industry make contributions towards the funding of this programme, including GPI’s operations and underlying investments.
Regulatory industry
The National Gambling Act regulates all aspects of gambling and gaming in South Africa, as well as the granting of casino operating licences in respect of the latter.
BEE and the Codes of Good Practice are aligned with and work symbiotically with the National Gambling Act, to ensure that BEE principles are advanced in application of the aforementioned Act.
Related links
National Gambling Board – www.ngb.org.za
Responsible Gambling – www.responsiblegambling.co.za
Western Cape Gambling and Racing Board – www.wcgrb.co.za
Gauteng Gambling Board – www.ggb.org.za
KwaZulu-Natal Gambling Board – www.kzngambling.co.za
Eastern Cape Gambling and Betting Board – www.ecgbb.co.za