🖐 Casino news | A new casino for Cape Town?
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If a second casino licence was allowed in Cape Town, Tsogo would be the odds-on favourite to benefit through its controlling shareholdings of.
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Cape Town. Western Cape Economic Development MEC Alan Winde is understood to be hoping that a process for bidding for a second casino.
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Its chief executive, Marcel von Aulock, is quoted in reports as saying the group would bid for the second casino licence in Cape Town “to.
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Who will be the big winner if the law is changed to allow Cape Town to have a second casino licence?
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If a second casino licence was allowed in Cape Town, Tsogo would be the odds-on favourite to benefit through its controlling shareholdings of.
Enjoy!
Its chief executive, Marcel von Aulock, is quoted in reports as saying the group would bid for the second casino licence in Cape Town “to.
Enjoy!
Anthony Leeming, CEO at competitor Sun International Group, explains why it won't be a good idea to have a second casino in Cape Town. The.
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Cape Town. Western Cape Economic Development MEC Alan Winde is understood to be hoping that a process for bidding for a second casino.
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Cape Town will get another casino if amendments to the Western Cape Gambling and Racing Act and the Western Cape Gambling and Racing.
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If a second casino licence was allowed in Cape Town, Tsogo would be the odds-on favourite to benefit through its controlling shareholdings of.
Enjoy!
Thank you for registering to our newsletter. The email is already registered. International edition. Advanced Search. Sun International has already launched court action to set aside any decision by the Western Cape government to allow the relocation of an outlying casino to the metropole, while Tsogo embarked on court action to compel the provincial authorities to allow such a relocation exercise. Dirk van Vlaanderen, associate portfolio manager at Kagiso Asset Management, said the acquisition of alternative gaming assets allowed Tsogo to diversify its gaming mix away from the more mature land-based casinos and tap into a higher-growth gaming market. June 05, Land Based Casinos.
On Wednesday, Tsogo CEO Jacques Booysen said there was an expectation that draft legislation around the second casino for Cape Town would be published for feedback for the end of December. Find us on social networks.
Decision expected before the end of the year. Subscribe to receive the latest news and updates. Tsogo is also banking on a strong profit kick in ensuing years from its newly acquired alternative gaming assets in the form of electronic bingo terminal operator Galaxy and limited payout machine specialist Vukani. Enter a valid email. Events Magazines Videos Photos. Tsogo said settlement negotiations were ongoing but noted that legal proceedings had been stayed until the intended legislation was published. Newsletter Subscription. If a second casino licence was allowed in Cape Town, Tsogo would be the odds-on favourite to benefit through its controlling shareholdings of the Mykonos, Caledon and Garden Route casinos. Tsogo also owns significant minority stakes in the GrandWest and Worcester casinos, which are controlled by Sun International. Tsogo said settlement negotiations were ongoing. While a second casino licence in Cape Town could be a huge revenue spinner, market watchers have said a new casino would probably require a huge capital commitment at a time when casinos are struggling for growth traction. Related news.