Small businesses in South Africa to profit from slots

191.jpg

In an attempt to encourage economic growth and expansion, the Gauteng Gambling Board has decided to distribute limited payout slot machines across the province. The licenses to operate the machines will be granted to small, micro and medium businesses.

"It is critical for us to continue to facilitate the entry of small and medium sized business and expand participation in the gambling industry; and the licensing of limited payout machines presents us with a perfect opportunity to do this," Benito Lekalakala, Chief Executive Officer for the Gauteng Gambling Board, said.

Mr Lekalakala also explained that, unlike casinos, the limited payout slot machines would be distributed more extensively across the province since the money required for their installation was less than the capital necessary to build a casino.

This project is expected to help eliminate illegal gambling while giving small businesses the opportunity to be part of the gaming industry. Also, authorities estimate that thanks to this initiative, the Gauteng province will obtain additional revenue to improve infrastructures and services.