It is definitely in the cards for the Eastern Cape in South Africa to
host two large casinos that will be up and running by June of 2007.
However, just how these cards are going to be dealt in terms of who will
be granted the coveted gaming licenses is anybody's guess. The
Eastern Cape Gambling and Betting Board said that although they already
have a list of prospective bidders, they would not release any names at
this time. However, bidding does begin in January of 2006, after
which the Board will divulge the names of the successful casino
operators in September.
Construction on the two casinos will likely start in December of
2006, and will take place at a site in Queenstown-Aliwal North and one
in the Mthatha-Port St. Johns area. The casinos will cost millions
to build, and are expected to generate large tax revenue for the sorely
lacking East Cape region. Although this revenue will not be able
to put an end to the dire poverty in many East Cape towns, it will do
much to boost the economy, create thousands of jobs, and to hopefully
help fund governmental programs that would help curve the poverty.
Casino gambling is a large industry in South Africa, bring in an
estimated 8.2 billion Rands each year. It is very common nowadays
to even see the best online casinos accepting Rands through their online
cashier. However, for the Eastern Cape, the betting industry was
not doing as well as it was for areas like Guateng, which bring in
nearly half of all yearly casino revenue. Currently the Eastern
Cape is only bring in approximately 7% of total casino revenue, which
the Easter Cape Gambling and Betting Board is now attempting to change
for the better.