Gaming in SA is on an upward trajectory, driven by broadband penetration and online betting, although margins are low. According to PwC’s fifth annual gambling outlook, gross gambling revenue in SA is set to jump from R26bn in 2015 to R34.8bn in 2020. The expected growth comes as the industry is experiencing debilitating market conditions particularly as more South Africans tighten their belts due to poor economic performance. But Pietro Calicchio, PwC SA’s gambling industry leader said there was a segment of society willing to spend money on gaming. "The South African gambling industry continues to grow from a revenue perspective and continues to expand and invest large amounts in capital expenditure. "As a business, however, the margins are low, a large portion of the costs are fixed, regulatory compliance is stringent and profitability depends on volume," said Calicchio. The PwC report looked at data from 2015 provided by the National Gambling Board of SA and the Casino Associati...
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