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A South African gaming group (Grand Parade Investments) has announced that they will be the first manufacturer to assemble gambling machines in South Africa.
It intends producing machines from early this year to service the needs of casinos and the broader limited payout machine (LPM) market, including sports betting terminals and lottery terminals.
According to a report released last month by PwC, total gross gambling revenues in South Africa are expected to grow from R20.9bn last year to R29.8bn in 2017, a 7.4% compound annual increase.
The LPM market is expected to be among the biggest contributors to this growth.
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