South Africa News - Page 5

International News Brief: The Supreme Court of Appeal on Friday ruled that the Desert Palace Casino did not have to pay a penalty of nearly R1,6-million to the Northern Cape Gambling Board.

Las Vegas Gaming, Inc. and Golden Pond 57 Ltd. have entered into a joint venture agreement, creating a new wholly owned gaming company.

International News Brief: The Kwazulu-Natal government has hailed the building of the R100-million state-of-the-art casino in Newcastle, northern Zululand, as a major boost for the region.

International News Brief: The Constitutional Court will consider another challenge to the asset forfeiture provisions of the Prevention of Organised Crime Act when it hears an appeal by a KwaZulu-Natal property owner who operated an illegal casino.

International News Brief: The National Gambling Board has admitted that statements made recently by Reserve Bank Governor Tito Mboweni that some casinos might not be helping police catch money launderers, are correct.

Century Casinos, Inc. reports the closing of the previously announced agreement to sell its interest in the Gauteng, South Africa, development project to the Akani Group.

International News Brief: Major row erupted yesterday between casino groups and Reserve Bank governor Tito Mboweni, who accused them of undermining attempts to combat money-laundering and cash-in-transit heists by accepting dye-stained bank notes.

International News Brief: A South African croupier is the toast of the country"s gaming industry after winning an international dealer competition in Australia last week.

International News Brief: Gold Reef City Casino will be investing R240-million in a 17-month development and refurbishment programme that will see the casino add a range of new facilities to its premises, as well as revamp the look and feel of existing interiors.

nternational News Brief: Gold Reef Resorts and its empowerment partner Akani Leisure Investments have exercised their option to up their stake in Silverstar, the sixth and last casino licence in Gauteng, South Africa.

International News Brief: The number of people with a gambling problem in South Africa has dropped in the past two years, a recent study has found.

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.

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.

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

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.

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.

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.

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

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.

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.