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South Africa News - Page 6

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South African Casino Workers to Strike

International News Brief: Peermont Global reports that the Food and Allied Workers Union has given formal notice to its Emperors Palace Hotel, Casino and Convention Resort of its intention to embark on strike action at Emperors Palace with effect from 18:00 on Friday.

Johnnic Holdings Seeks South African Investment Opportunities

International News Brief: South African casino and hotel group Johnnic Holdings is actively seeking further investment opportunities, including a stake in top gaming group Tsogo Investment Holdings, the firm said on Thursday.

South Africa Spend More on Gambling

International News Brief: South Africans blew R9,9 billion gambling at casinos, on the horses, bingo and limited payout machines in the year to March, a 22% increase on the R8,1 billion they wagered last year.

South African Casino Development Delayed

International News Brief: The planned casino development in Bethlehem, Free State province has been held up by the slow appointment of members to the Free State Gaming Review Board.

Peermont Bets on Africa

International News Brief: South African hotel and casino company Peermont Global is in talks to launch hotel and casino resorts in South Africa, Mozambique, Angola and Uganda as it expands in Africa to keep profits rising.

South African Lottery Coincidence Surprises

International News Brief: South African lotto watchers who tuned in for Saturday's draw were surprised when no fewer than four of the winning numbers in the lottery were identical to the Lotto Plus winning numbers.

South Africa Plans Online Gambling Policy

International News Brief: The South African government plans to develop a new policy on Internet gambling this year.

South African Casino Groups Report Rise in Profit

International News Brief: South Africa’s listed hotel and casino groups recently reported a surge in profits and dividends on the back of last year's buoyant consumer spending, but their longer-term profitability will depend on where they invest their excess cash.

South African Board Imposes Casino License Conditions

International News Brief: Finance and Economic Development spokesperson Barry Morkel says that the North West Tender Board had imposed conditions of licenses for five casinos in Pretoria as part of promoting the broad based Black Economic Empowerment.

South African Casino Hit by Robbers

International News Brief: Several men firing AK-47s stormed into Gold Reef City Casino and got away with R1.2-million in a daring predawn raid.

South Africa's Casinos Clean Up

International News Brief: South Africans gambled away R8.2-billionin the 12 months between March 2003 and March 2004, 89% of it going to casinos.

Sibaya Casino Reports Strong Opening Month

International News Brief: The multimillion-rand Sibaya Casino reported a bumper opening month, with more than 500 000 visitors passing through Durban's latest tourism spot.

Company Sells Interest in South African Casino

Caesars Entertainment Inc., the world's largest casino company, has agreed to sell its 25 percent of a South African casino to Peermont Global Ltd. for $145 million.

Century Casinos to Sell South Africa Interest

Century Casinos, Inc. has agreed to sell its interest in the Gauteng, South Africa, license application.

Sun International Reports Strong Results

International News Brief: Sun International has reported strong trading results for the first part of its 2005 financial year.

South African Businessman Bets on Indian Casino Venture

nternational News Brief: A leading South African Indian businessman, working to set up a casino resort in India on the lines of the one at Las Vegas, is hoping his venture will get the green signal.

Sun International to Pursue More Opportunities

International News Brief: Sun International has consolidated its leading position in South Africa's casino industry, and is now ready to pursue regional and international opportunities in the gaming, hotel and resort sectors, according to CEO Peter Bacon.

Kwazulu-Natal MP Sued in Gambling Battle

International News Brief: The premier of KwaZulu-Natal, S'bu Ndebele, is facing claims of R30-million because of alleged ‘unlawful intervention in the affairs of the KwaZulu-Natal Gambling Board’.

South African Casinos Win Big

International News Brief: Gambling in South Africa has made a few people wealthier and left most casino visitors worse off. It's the casino operators who've really hit the jackpot.

Suncoast Casino Summer Results Up

International News Brief: Tsogo Sun's Suncoast Casino fared well over the holiday season, despite a staff strike that lasted almost a month.

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