Limpopo Gambling Board Final

Economic Viability The effects of the global political economy, electricity loadshedding, the post effects of the COVID-19 pandemic and the fact that the country was well underway to economic recovery to get back to pre-COVID-19 economic performance (or even better), presented a mixed bag of conditions for businesses to operate in. As a result, some industries and sectors were performing better whilst others were not. In the Limpopo gambling industry, the trend also showed that Bookmakers, Casino, LPMs and Bingo sectors were recovering (although at different rates), whilst the Totalisator Operator’s financial performance had declined during the financial year. Overall, the outlook of the gambling industry was promising, provided that the economic conditions and the electricity loadshedding situation improved. Illegal gambling had a negative impact on licensed gambling operators, the economy in general and the community at large. Illegal gambling operators do not pay gambling levies and taxes and as a result they are crippling the economy of the province. They steal revenue that would otherwise have contributed to building the nation, creating jobs, and positively supporting the National Responsible Gambling Foundation. Acknowledgements/Appreciation I would like to thank the Board for their dedicated support and cooperation during the 2022/23 Financial Year. Furthermore, a word of gratitude to the MEC of LEDET, Honorable G.R. Monama for the role he played in ensuring that the Entity was able to carry out its mandate despite the financial constraints. A word of gratitude also goes to the Members of the Portfolio Committee on Economic, Development, Environment and Tourism, the Standing Committee on Public Accounts, Provincial Treasury, the National Gambling Board, the South African Responsible Gambling Foundation, the National Lotteries Commission, law enforcement agencies, our Licensees and the public of Limpopo for the contribution made in ensuring that the Entity maintained good governance and enforced gambling prescripts.

Credit also goes to the Premier of the Province, Hon. C.S. Mathabatha and all Members of the Executive Council for their support and encouragement.

It is obvious that the excellent work displayed in this report could not have been possible without the dedication and discipline of our committed LGB Management and staff who went the extra mile in the execution of their duties.

Mr. Mokgase Gregory Makoko Chief Executive Officer 07 August 2023

LIMPOPO GAMBLING BOARD

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