How To Start An Arcade Game Business In South Africa
What is Arcade Game?
An arcade game or coin-op game is a coin-operated entertainment machine typically installed in public businesses such as restaurants, bars and amusement arcades.
How To Start An Arcade Game Business In South Africa
- Plan your Arcade.
- Become a legal entity for the benefit of your clients.
- Tax Registration at your arcade for taxes.
- You need to open a business bank account and credit card.
- Accounting set up for your arcade is ready to go.
- Create and maintain the necessary licenses and permits to operate your arcade.
- Get Arcade Insurance.
- Define your Arcade Brand.
Frequently Asked Questions (FAQs)
How much does it cost to start an arcade business in South Africa?
Your costs will vary considerably, depending on what kind of arcade you start. A traditional arcade might be able to get by in a small space, and you could keep your costs down in the $250,000 range. For a larger entertainment center like Dave and Buster’s, costs could approach $1 million.
Is an arcade a good business to start?
If you thrive on gaming and providing a form of ageless entertainment, then starting an arcade business may be right up your alley. Although the cost for an afternoon or evening of fun is among the least costly forms of entertainment, startup costs for this type of business typically run high.
Do you need a Licence to open an arcade in South Africa?
You do not require a licence for unlicensed family entertainment centres (UFECs). The length of an arcade application depends on the complexity of your business. You will need to apply for an operating licence, before you apply for a premises licence from the local licensing authority.
How much does an arcade machine cost?
Arcade games can vary in cost from $1,500 for small table top models to over $29,000 for larger games that fully immerse the player.
How much is a gambling license in South Africa?
After the initial licensing period, licenses are renewable on an annual basis. The initial licensing fee for a manufacturer’s license is R 120,000. The fee for a license renewal is R 80,000. 23.
How much electricity does an arcade machine use?
So we have approximated that this arcade game uses 0.09 kilowatt-hours per hour or 0.09 kWh/hr.
Is the arcade business worth it in South Africa?
Investing in the Arcade business used to be a very popular method of turning in a good profit quickly, thanks to the Diamond Casino Heist. As a passive income source, however, the Arcade is not so effective. Investing in all Arcade machines contributes to a GTA $5000 per in-game day profit, which is minuscule.
How do I get a gambling license in South Africa?
You can apply for the two licenses at the provincial gambling boards through their official website or at their offices. The entire application process can take up to 3 months and the cost of applications varies from province to province.
Who regulates gambling in South Africa?
The mission of the National Gambling Board South Africa (NGB) is to lead the regulation of the gambling industry in the fulfillment of the National Gambling Act (NGA) 7 of 2004 through an effectively regulated and supervised gambling industry that upholds domestic, continental and internationally recognised standards
Is gambling a crime in South Africa?
A gambling game is legal if it has been authorised in terms of the National Gambling Act 7 of 2004 (the Act) and respective provincial legislation. 4.2. Any gambling activity that is not authorised as listed in sections 7, 8, 9, 10 and 11 of the Act is illegal and criminal sanctions may be imposed.