CAPE TOWN – New technologies and gaming could lead to an increase in the revenue base for the Eastern Cape province, Economic Development MEC (member of executive council) Mlungisi Mvoko said yesterday.
“It is still our fervent belief that through the infusion of new technologies in the 4th Industrial Revolution and optimal regulation, gaming could lead to an increase in the revenue base of the province,” Mvoko said while speaking at the 15th Gaming Regulators Africa Forum taking place at The Boardwalk Hotel in Port Elizabeth.
“It comes as no surprise that technology has had a remarkable impact upon the gaming industry. So, if you are wondering how technology is impacting the gaming industry then you need to look no further than how a cryptocurrency like Bitcoin has revolutionised the realm of online users.”
This year's conference, themed “Fourth Industrial Revolution and its Impact on Gaming in Africa”, brings together representatives from countries which include Angola, Botswana, Ghana, Kenya, Malawi, Mauritius, Mozambique, Namibia, South Africa, Seychelles, Swaziland, Tanzania, Uganda, Zambia and Zimbabwe.
The conference is focusing on global economy shifts and the impact of this on the global gaming industry.