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South Africa News - Page 4

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South Africa Casino Scrutinized for Laundering

International News Brief: South Africa's Financial Intelligence Centre will be closely scrutinising the country's gambling sector and estate agents to guard against money laundering, the finance minister said on Monday.

Casino Cites Financial Benefits in Bid to Woo Anti-Gambling Bishop

International News Brief: A giant gambling company is attempting to win over a Church of England bishop who is strongly opposed to plans for a Las Vegas-style super-casino.

South African Officials Wait for Casino Ruling

International News Brief: The North West government is anxiously awaiting a ruling from the South Africa minister of trade and industry, which will determine if they can recoup the

Sun International Offer Deemed Unacceptable

International News Brief: Real Africa Holdings Ltd. said on Wednesday a 2.2 million rand cash offer to acquire it by South Africa's top casino operator, Sun International, undervalued it and was unacceptable.

South African Casino Revenues Up

International News Brief: Revenue at the Boardwalk casino complex on the Port Elizabeth beachfront increased by 15% for the half year ended on December 31.

Bidding Process Starts For New Casinos

International News Brief: BHISHO has given the Eastern Cape Gambling and Betting Board the green light to start the bidding process for two new casinos to be built in the province.

Suncoast, Local Government Locked in Battle

International News Brief: Suncoast Casino and the eThekwini Municipality are locked in a legal battle about plans by the casino to cut back on promised investment on its prime Du

South African Gambling Tax Revenue Up

International News Brief: A recent study shows that the South African gaming industry paid R1,7-billion in taxes into state coffers in 2003/4.

Rags to Riches in South Africa

International News Brief: A chance stop at Suncoast Entertainment World in Durban proved to be rewarding for a Cape Town man who was down on his luck.

South Africa May Legalize Online Gambling

International News Brief: Online gambling will become legal in South Africa if trade & industry minister Mandisi Mpahlwa accepts the recommendations of the national gambling board.

Century Casinos to Expand Caledon Casino

In time for the busy Christmas holiday season, Century Casinos has opened an expansion of its South African property, The Caledon Casino, Hotel & Spa.

HCI Acquisition Needs More Approvals

International News Brief: Although Hosken Consolidated Investments has obtained control of gaming rival Johnnic, it has yet to obtain stamps of approval from various gambling board

South African Casino Opens

International News Brief: The R250-million Windmill Casino and Entertainment Centre was officially opened in Bloemfontein, South Africa, on Tuesday night.

Construction of Worcester Casino Gets Underway

Construction has begun on the new R156m Worcester Casino complex owned by Sun International and its BEE partners, with the opening set for September 2006.

South African Casinos Sign Code of Conduct

International News Brief: Representatives of South Africa's rapidly growing casino sector have signed the country's first-ever national gambling industry code of conduct, making it one of the first globally to do so outside the US.

South African Gambling Board Chief Grilled Over Salary

International News Brief: South Africa’s National Gambling Board chief executive officer Thibedi Majake was today grilled by MPs over his salary, which is higher than that of cabinet ministers.

SunWest Plans in GrandWest Casino Makeover

SunWest is to invest approximately R320-million in new entertainment amenities and facilities at GrandWest in Cape Town.

South African Province to Call for Casino Proposals

International News Brief: The Eastern Cape is expected to call for proposals for the province's remaining two casino licences, Economic Affairs MEC Andre de Wet said yesterday.

South African Casino On Track for Opening

International News Brief: Sun International and Mangaung Sun,are on track to open their new R72-million Windmill Casino and Entertainment Centre complex in Bloemfontein at the end of September, Sun International said on Tuesday.

Century Casinos Approved for Slots

Century Casinos, Inc. has received approval from the Western Cape Gambling and Racing Board to add an additional 100 slot machines to its current 300 slot machines at the Caledon Casino.

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