South Africa is currently experiencing a surge in gambling and betting activities, with the industry experiencing unprecedented growth. According to the National Gambling Board of South Africa, gross gambling revenue for the 2023/24 financial year hit R59.3 billion, marking a 25.7% rise from the previous year. Increased betting activities mainly drive this surge, as players chase sports bets and online platforms, while the casino industry’s growth remains relatively stagnant.

 

Interestingly, the market share for traditional casinos has plummeted from 84% in 2009/10 to just 10% today. Instead, online betting, sports betting, and limited payout machines are taking a larger slice of the market. This shift reflects changing consumer behaviours, digital accessibility, and increased regulatory efforts in the industry.

 

While gambling can be a harmless pastime, problematic gambling habits among employees can pose serious risks to businesses:

  • Financial Risks: Employees with gambling issues may be tempted to misappropriate funds, commit fraud, or steal as they struggle to cover debts.
  • Productivity Loss: Excessive gambling can lead to absenteeism, poor performance, or distraction, affecting overall team productivity.
  • Security Threats: Stakeholders and confidential information can be at risk if employees breach trust, particularly in roles that involve handling sensitive data.
  • Reputational Damage: Public scandals involving employee misconduct related to gambling can harm a company’s reputation and stakeholder confidence.

 

How Can Employers Protect Themselves?

Proactive screening is key. While traditional background checks cover criminal records and employment history, employers should consider specific checks tailored to gambling-related risks.

 

Pre-Employment Checks

 

During Employment

  • Periodic Lifestyle & Financial Screening: Regular reviews for signs of gambling addiction, such as absenteeism or sudden financial changes.
  • Monitoring for Red Flags:
    • Unexplained absences or behavioural changes.
    • Breaches in confidentiality.
    • Suspicious transactions in company accounts (if role involves financial access).
  • Employee Wellness Support: Foster a workplace culture that encourages employees to seek help if they face gambling or financial difficulties.

 

At iFacts, we understand the importance of early detection and risk mitigation. Our tailored background screening and behavioural assessments enable businesses to identify vulnerable employees before issues escalate.

From financial vetting to integrity testing, our solutions are designed to protect your assets, reputation, and workforce.

In a climate of rising gambling activity, taking preventive measures with comprehensive employee screening is more crucial than ever.

Contact iFacts today to discover how we can help protect your business.