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South African Casino Industry Signs Code of Conduct

Monday, November 14, 2005

SOUTH AFRICA - as reported by iAfrica.com: "Representatives of South Africa's rapidly growing casino sector have signed the country's first-ever national gambling industry code of conduct, making it one of the first globally to do so outside the US.

"South Africa's listed gaming groups include Sun International, Gold Reef Casino Resorts, and Peermont Global, amongst others.

"Announcing the conclusion of the code of conduct in Cape Town on Sunday, Casino Association (Casa) chairperson Peter Bacon said that it would bind all casinos in South Africa to "demanding protocols" designed to promote a culture of responsible gambling in the country.

"...Casa represents South Africa's licensed casino industry. In just eight years, the new industry has been responsible for more than R12-billion in new investment in all nine provinces, adding more than R36-billion to GDP in terms of economic multipliers.

"Casa statistics show the industry has created almost 100 000 direct and indirect jobs, and in 2003-2004 alone contributed nearly R2.7-billion to government revenue. In addition, the casino industry has substantially advanced transformation in the tourism and leisure sector.

"...Casa CEO Derek Auret said that the new code had its genesis in the commitment of Casa members to the social goals and obligations which were implicit in the casino industry's public accountability in respect of its licenses to trade.

"...This comprehensive code covers issues as various as advertising standards, measures to prevent under-age gambling, policies on the sale of alcohol, and funding for and co-operation with the National Responsible Gambling Programme (NRGP), among others," Auret noted ..."

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