The number of Namibia’s casinos is likely to increase markedly in the years to come. For the past ten years, since recently after the country gained true independence (it was ruled by a South African backed regime for a long time) until now, there has been a ban on the issuance of new casino licenses. In fact, the hunger for more licenses was such that at least one official from the licensing board was able to, for a short time at least, greatly boost his salary by offering fake licenses until he was discovered, however. The end result seems to have been that from May 2006 the Government has done the sensible thing. If people are willing to pay for the right to set up Namibia’s casinos, it seems only sensible that the Namibian Government, rather than one of its officials on the sly, get the money, don’t you think?
The reason for the expansion shouldn’t be hard to see. In common with other countries of southern Africa, there is a great desire to expand the tourist trade. Other than diamonds and cattle ranching, Namibia doesn’t have a great deal else to develop (although economics wonks are very impressed with the way they have managed their...
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