EXPERTS SOUTH AFRICA South Africa – Gaming seen as source of revenue for eastern cape 3 years ago Iwo Bulski Post Views: 580 NEW TECHNOLOGIES and gaming could lead to an increase in the revenue base for the Eastern Cape province, Economic Development MEC (member of executive council) Mlungisi Mvoko said yesterday while speaking at the 15th Gaming Regulators Africa – “It is still our fervent belief that through the infusion of new technologies in the 4th Industrial Revolution and optimal regulation, gaming could lead to an increase in the revenue base of the province,” Forum taking place at The Boardwalk Hotel in Port Elizabeth. It comes as no surprise that technology has had a remarkable impact upon the gaming industry. So, if you are wondering how technology is impacting the gaming industry then you need to look no further than how a crypto currency like Bitcoin has revolutionised the realm of online users. This year’s conference, themed “Fourth Industrial Revolution and its Impact on Gaming in Africa”, brings together representatives from countries which include Angola, Botswana, Ghana, Kenya, Malawi, Mauritius, Mozambique, Namibia, South Africa, Seychelles, Swaziland, Tanzania, Uganda, Zambia and Zimbabwe. The conference is focusing on global economy shifts and the impact of this on the global gaming industry. Mvoko told delegates the shift to legalise gambling and the growth in the sector has benefited provincial fiscus. He said the industry had given consumers an additional choice of recreation, generated considerable tax revenue and increased employment. Mvoko said the provincial economy grew by an estimated R985 mil- lion over the last five years as a result of the gambling industry. He said the Eastern Cape economy was predominantly driven by car manufacturing and tourism industries. But an ongoing global economic crisis has brought about an indirect decline in both industries. “It is critical that alternative industries like legalised gaming are enhanced to diversify our economic base.” Source: African News Agency (ANA) About Post Author Iwo Bulski Issues related to the gambling business is engaged in more than 30 years. My empirical experience gives me the opportunity to present events and companies from this business with full knowledge and industry knowledge. See author's posts Iwo BulskiIssues related to the gambling business is engaged in more than 30 years. My empirical experience gives me the opportunity to present events and companies from this business with full knowledge and industry knowledge. Facebook Twitter LinkedIn Email Print Tags: 15th Gaming Regulators Africa, Mlungisi Mvoko, South Africa Continue Reading Previous South Africa – Major overhaul for horse racing on the cardsNext South Africa – Smart cash on bots taking your bets More Stories EXPERTS SOUTH AFRICA BMM South Africa gets licensed to provide compliance testing services in Tanzania 16 hours ago Iwo Bulski EXPERTS WORLD NEWS WhatsApp allows people to sneak out of group chats 16 hours ago Samuel EXPERTS SOUTH AFRICA GLI Africa expands service offering 18 hours ago Samuel EXPERTS KENYA Poor tax policy erodes Kenya’s investor attractiveness – survey 2 days ago Szarlot EXPERTS WORLD NEWS Answers to the iGaming industry’s most pressing questions 3 days ago Samuel EXPERTS SOUTH AFRICA Illegal slots seized, destroyed in raids 3 days ago Iwo Bulski EXPERTS NIGERIA SBWA + 2022 Summit this week in Nigeria 2 weeks ago Iwo Bulski EXPERTS NIGERIA Money laundering: ECOWAS agency fingers Nigerian casinos 2 weeks ago Iwo Bulski EXPERTS KENYA Kenya launches AML probe focusing on betting operations 2 weeks ago Iwo Bulski EXPERTS KENYA Digital scams have hit Kenya’s gambling and travel industry 2 weeks ago Samuel ONLINE SOUTH AFRICA Africa Records a High Number of Gamers 2 weeks ago Iwo Bulski EXPERTS WORLD NEWS Slotegrator reviews the worldwide trend of gambling legalization 3 weeks ago Iwo Bulski Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.