As per newly released data by Future Market Insights (FMI), the South Africa Casino Tourism Market is estimated at USD 2,947 Million in 2022 and is projected to reach USD 5,130 Million by 2032, at a CAGR of 5.7 % from 2022 to 2032.
| Attribute | Details |
|---|---|
| South Africa Casino Tourism Market Estimated Size (2022) | USD 2,947 Million |
| South Africa Casino Tourism Market Projected Size (2032) | USD 5,130 Million |
| South Africa Casino Tourism Market Value-based CAGR (2022 to 2032) | 5.7% |
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The online gaming market in South Africa is expanding quickly. Global investors invest millions of dollars in the casino industry due to the region's thriving gambling culture. A well-liked gaming website in the nation is Play live casino, South Africa. It offers top-notch incentives and casino games. The Malta Gaming Authority has granted Play live Casino a license, and it offers hundreds of well-liked online casino games like slots and table games.
The gambling website only allows gamers who are of legal gambling age to register. Numerous reasons contribute to South Africa's booming iGaming market. South African gamblers, for instance, are huge fans of fast-paced gaming, which is only available online. Millions of SA gamblers now play casino games online thanks to secure banking options. The best examples of online casinos that provide South African gamblers with secure banking options are cryptocurrency casinos. Another element that adds to the large digital migration seen in gambling websites is the fast payout of wins.
South Africa is seeing an increase in the number of online casinos opening there. In South Africa, land-based gambling has long been the norm. There may be physical gaming establishments scattered across the nation. Due to its sizable family-friendly resort, Sun City, possibly the most well-known of South Africa's casinos, draws hundreds of thousands of local and foreign tourists each year.
The Nedbank Golf Challenge, the most expensive golf competition in the world, is also held there every year. Another famous casino is the Gold Reef City Casino, which was built on the goldmines that gave Johannesburg the moniker the City of Gold. There are 50 table games like roulette and blackjack, as well as more than 1600 slot and video poker machines.
The largest casino in South Africa is Grand West Casino and Entertainment World in Cape Town. It has over 2,560 smart card slots and video poker machines, and 79 premium table games, and accepts a wide range of currencies and chip denominations to accommodate any budget.
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The market is expanding as a result of rising smartphone and tablet usage, expanding device capabilities, and improving user confidence. The growth of gambling is opening the world to wealth that was previously unimaginable. South Africa has been one of the major contributors to the recent robust growth of the global gaming industry. In 2021, South Africa will have over 30 licensed internet bookmakers, all of which will be governed by the NGB and their respective provinces.
The gambling industry in South Africa is expected to see significant growth in revenues through 2022. Government initiatives that promote consumer spending and increase demand from both businesses and consumers have driven the growth of the gambling industry.
In South Africa, new gaming legislation has made it possible to open more gambling establishments. A growing number of young people in South Africa are looking for other sources of income, and gaming seems to be appealing given the high rates of youth unemployment (ages 18 to 35) and extremely low pay levels in that country.
Montecasino is a popular site for filming, and its stunning architecture is clearly visible. Like any other casino, this one has poker tables and cashier counters. You can visit the complex's restaurants and coffee shops after a successful session of legal gambling, or you can see a movie in one of the theatres inside Montecasino. You may expect to engage in a lot of shopping in this lively area in addition to these activities. The Montecasino Bird Gardens, which features a variety of bird and reptile shows as well as the amusing Flights of Fantasy performance, is another fascinating place to visit.
Due to its top-notch amenities, Montecasino was recognized as one of the best casinos in the world a few years ago. There is a tonne of additional activities you can engage in to pass the time, in addition to dining out and shopping, as was previously mentioned. You don't need to stress about having enough cash on you because Montecasino is a popular gaming destination. Use one of the many ATMs or the currency exchange services that are available there instead.
This casino sometimes referred to as the Tusk Rio casino resort, is unquestionably the best and biggest in Africa. The most well-known location on the continent, it debuted in the Southern Hemisphere in the 2000s. It has a lot to offer players that want to have fun and win. It has outstanding blackjack, baccarat, craps, and other versions, in addition to more than 320 slots. The casino attracts fans of African casinos from all regions of the continent so they may have an unbelievable time. There are hotels around the casino and other places to stay as well.
Regularly organized gaming events are held, and the participants have a blast competing against one another. There are also high-limit sessions where affluent bettors can take big chances for bigger payouts and awards. When compared to other casinos throughout the world, the casino is undoubtedly not the largest, but it is a giant in Africa and has a square footage of 266,330.
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Blackjack is the most preferred Game type in the South Africa Casino Tourism market
One of the most played card games at South African online casinos is blackjack. You play a game against the dealer in it. Every card receives a certain number of points. Playing cards with face values of 2 through 10 are legal tender. Jacks, Queens, and Kings have a value of ten whereas Aces have a value of 1 or 11. You must beat the dealer's hand without going over 21 in order to win. The fact that the house edge in online blackjack games can be as low as 0.5 percent per hand is one of the main benefits. You can play a multitude of blackjack versions at online gaming sites. Before putting your money on the line, you should familiarise yourself with the rules and betting options that apply to each edition.
The medium age group leads the South Africa casino Tourism Market
A sizable portion will be contributed by travelers in the 35 - 50 year age range. Due to the fact that gambling is a pastime that is very well-liked by those with extra money to spare, these individuals are more inclined to gamble with it.
International Traveler is the most prominent category
In order to explore the fascinating and historic locations, tourists from all over the world visit there. The casino industry, which offers outstanding income and profit numbers and has a big economical influence on the region where it is located, is one of the key contributors to the hospitality and tourism industry. Initiatives for regional or global tourism expansion are driven by the economic impact in order to draw visitors who are expected to spend money on both casino products and supplementary travel activities. The success of the casino construction projects over the past 20 years has had a significant economic impact, which has contributed significantly to their appeal.
Companies like PayPal and Neteller offer services for online gaming and gambling e-wallets by building strategies, giving all-inclusive packages, and producing bundles. It is therefore expected that the provision of secure online payment methods would boost demand for virtual gaming because it relieves consumers of the hassle of having to travel across several channels for their excursions. Because of these market updates, the industry has grown as a result of government laws and regulations that have helped enterprises modernize their service offerings.
For Instance:
The nine provinces of South Africa each have their own gambling and racing board. Bookmakers must be licensed by one of these bodies in order to offer online betting. The Western Cape Gambling and Racing Board (WCGRB) currently has the most online bookmaker licenses available.
| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | USD Million for Value |
| Key Regions Covered | Africa |
| Key Countries Covered | South Africa |
| Key Segments Covered | Game Type, Casino Type, End Users, Tourist Type, Tour Type, Consumer Orientation, Age Group, and Region |
| Key Companies Profiled | Urvi Tours; Thomas Cook; Tsogo Sun Gaming; Abercrombie and Kent Safaris (Pty) Ltd; Heena Tours & Travels; Dook International; Happy Vacations Tours and Travels; Sun International; Travel Triangle; Veena World; Tripadvisor; Yatra.com; Kushal Yatra; Expedia, Inc. (as per request) |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The South Africa Casino Tourism Market is currently valued at USD 10.234 Million in 2022.
The South Africa Casino Tourism Market is currently forecasted to grow at a rate of 8.1% CAGR during the forecast period.
Driving trends in the South Africa Casino Tourism Market are the Online gambling market to boost the tourism market.
Leading players operating in the South Africa Casino Tourism Market are Urvi Tour, Thomas Cook, Tsogo Sun Gaming, Abercrombie and Kent Safaris (Pty) Ltd, Heena Tours & Travels, DookInternational, Happy Vacations Tours and Travels, www.africaincoming.com, Sun International, Travel Triangle, Veena World, Tripadvisor, Yatra.com, South Africa discovery.com, Expedia, Inc. Kushal Yatra, among others.
1. Executive Summary | South Africa Casino Tourism Market 1.1. South Africa Market Outlook 1.1.1. Who Is Travelling? 1.1.2. How Much Do They Spend? 1.1.3. Direct Contribution of Tourism To GDP 1.1.4. Direct Contribution of Tourism To Employment 1.2. Tourism Evolution Analysis 1.3. FMI Analysis and Recommendations 2. Market Introduction 2.1. Total Spending (US$ Mn) and Forecast (2022 to 2032) 2.2. Number of Travelers (Mn) and Forecast (2022 to 2032) 2.3. Total Spending Y-o-Y Growth Projections (2022 to 2032) 2.4. Number of Travelers Y-o-Y Growth Projections 3. Global Tourism Industry Analysis 3.1. Tourism Industry Overview 3.1.1. Travel & Tourism Industry Contribution To Global GDP 3.1.1.1. Business Spending v/s Leisure Spending 3.1.1.2. Domestic v/s Foreign 3.1.1.3. Direct, Indirect, and Induced 3.1.2. Travel Sector Contribution To Global Overall Employment 3.1.3. Travel & Tourism Growth Rate 3.1.4. Foreign Visitor Exports As Percentage of Total Exports 3.1.5. Capital Investment In Travel & Tourism Industry 3.1.6. Different Components of Travel & Tourism 3.1.7. Global Tourism Industry Outlook 3.1.7.1. Cultural Tourism 3.1.7.2. Culinary Tourism 3.1.7.3. Eco/Sustainable Tourism 3.1.7.4. Sports Tourism 3.1.7.5. Spiritual Tourism 3.1.7.6. Wellness Tourism 3.1.7.7. Others 4. Market Dynamics 4.1. Market Drivers & Opportunities 4.1.1. Government authorities legalizing and regulating gambling 4.1.2. Casinos generating employment and aiding the economic growth 5. Market Background 5.1. Top 10 Market Companies 5.2. Macro-Economic Factors 5.2.1. Global GDP Growth Outlook 5.2.2. Global Industry Value Added 5.2.3. Global Consumer Spending Outlook 5.2.4. Global Direct Contribution of Travel & Tourism to GDP 5.2.5. Global Visitor Exports and International Tourist Arrivals 5.2.6. Capital Investment In Travel & Tourism 5.2.7. Top Tourism Spending Countries 5.3. Forecast Factors - Relevance & Impact 6. Categorizing of Sector 2021 6.1. Introduction/ Key Findings 6.2. Current Market Analysis By Game Type (% of Demand) 6.2.1. 3 Card Poker 6.2.2. American Roulette 6.2.3. Blackjack 6.2.4. Casino Stud Poker 6.2.5. Dice 6.2.6. Punto Banco 6.2.7. Others 6.3. Current Market Analysis By Casino Type (% of Demand) 6.3.1. Commercial 6.3.2. Tribal 6.3.3. Limited Stakes 6.3.4. I-gaming 6.4. Current Market Analysis By End Users (% of Demand) 6.4.1. Gambling Enthusiasts 6.4.2. Social Exuberant 6.4.3. Dabblers 6.4.4. Lottery Loyalists 6.4.5. Unengaged Audience 6.5. Current Market Analysis By Age Group (% of Demand) 6.5.1. 18-25 Years 6.5.2. 25-35 Years 6.5.3. 35-50 Years 6.5.4. 50-65 Years 6.5.5. 65 Years and Above 6.6. Current Market Analysis By Tourist Type (% of Demand) 6.6.1. Domestic 6.6.2. International 6.7. Current Market Analysis By Gender (% of Demand) 6.7.1. Men 6.7.2. Women 6.8. Current Market Analysis By Tour Type (% of Demand) 6.8.1. Independent Traveller 6.8.2. Tour Group 6.8.3. Package Traveller 6.9. Key Findings, By Each Category 7. Competition Analysis 7.1. Competition Dashboard 7.2. Competition Benchmarking 7.3. Competition Deep Dive 7.3.1. Urvi Tours 7.3.1.1. Overview 7.3.1.2. Service Portfolio 7.3.1.3. Strategy Overview/campaigns 7.3.2. Thomas Cook 7.3.2.1. Overview 7.3.2.2. Service Portfolio 7.3.2.3. Strategy Overview/campaigns 7.3.3. Tsogo Sun Gaming 7.3.3.1. Overview 7.3.3.2. Service Portfolio 7.3.3.3. Strategy Overview/campaigns 7.3.4. Abercrombie and Kent Safaris (Pty) Ltd 7.3.4.1. Overview 7.3.4.2. Service Portfolio 7.3.4.3. Strategy Overview/campaigns 7.3.5. Heena Tours & Travels 7.3.5.1. Overview 7.3.5.2. Service Portfolio 7.3.5.3. Strategy Overview/campaigns 7.3.6. Dook International 7.3.6.1. Overview 7.3.6.2. Service Portfolio 7.3.6.3. Strategy Overview/campaigns 7.3.7. Happy Vacations Tours and Travels 7.3.7.1. Overview 7.3.7.2. Service Portfolio 7.3.7.3. Strategy Overview/campaigns 7.3.8. www.africaincoming.com 7.3.8.1. Overview 7.3.8.2. Service Portfolio 7.3.8.3. Strategy Overview/campaigns 7.3.9. Sun International 7.3.9.1. Overview 7.3.9.2. Service Portfolio 7.3.9.3. Strategy Overview/campaigns 7.3.10. Travel Triangle 7.3.10.1. Overview 7.3.10.2. Service Portfolio 7.3.10.3. Strategy Overview/campaigns 7.3.11. Veena World 7.3.11.1. Overview 7.3.11.2. Service Portfolio 7.3.11.3. Strategy Overview/campaigns 7.3.12. Tripadvisor 7.3.12.1. Overview 7.3.12.2. Service Portfolio 7.3.12.3. Strategy Overview/campaigns 7.3.13. Yatra.com 7.3.13.1. Overview 7.3.13.2. Service Portfolio 7.3.13.3. Strategy Overview/campaigns 7.3.14. Kushal Yatra 7.3.14.1. Overview 7.3.14.2. Service Portfolio 7.3.14.3. Strategy Overview/campaigns 7.3.15. Expedia, Inc. (as per request) 7.3.15.1. Overview 7.3.15.2. Service Portfolio 7.3.15.3. Strategy Overview/campaigns 7.4. Social Media Platforms Preferred 7.4.1. Facebook 7.4.2. YouTube 7.4.3. Instagram 7.4.4. Twitter 7.4.5. LinkedIn 7.4.6. Pinterest 7.4.7. Google+ 7.4.8. Others 7.5. Perceptions of the Proposed Art Sector Tour Package 7.6. Consumer Perception for Destinations On Social Media Platforms-Positive and Negative Mentions 7.7. Trending #Hashtags 7.8. Social Media Platform Mentions (% of Total Mentions) 7.9. Region-Wise Social Media Mentions (% of Total Mentions) 7.10. Trending Subject Titles 8. Assumptions and Acronyms Used 9. Research Methodology
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South Africa Casino Tourism Market
