All data is delayed
See More

Gauteng gamblers coin it

Dec 08 2010 06:17
Amanda Visser

Company Data


Last traded 25
Change 1
% Change 3
Cumulative volume 605156
Market cap 0

Last Updated: 06-10-2015 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Hearing on Tsogo, Gold Reef merger

More nods for Gold Reef, Tsogo merger

Hosken Consolidated profits up 10%

Gold Reef-Tsogo merger gets nod

Tsogo Sun, Gold Reef to merge


Pretoria  - The payout ratio at Gauteng casinos is the highest in the country, the Competition Tribunal heard this week.

It is currently considering evidence over the proposed merger of Tsogo Sun and Gold Reef Resorts [JSE:GDF].

The transaction will mean that Tsogo Sun will manage three casinos in Gauteng – Montecasino, Silverstar and Gold Reef City.

In his evidence at the hearing, Leon Kok of Peermont, which owns Emperors Palace, says the payout ratio at Emperors Palace is the highest of all its casinos in the country.

The Gauteng Gambling Council requires a minimum ratio of 80 – 20, which means that if a gambler spends R100, he can expect to get R80 back.

But Kok says in Gauteng, casinos’ payout ratio is much higher than in the rest of SA. This is to give gamblers a more enjoyable “experience”.

Earlier the Competition Commission recommended that the transaction should be allowed to go ahead – if the new group sells its Silverstar casino in Krugersdorp.

The tribunal hearing continues.

- Sake24

For business news in Afrikaans, go to

gold reef resorts  |  tsogo sun  |  gambling


Read Fin24’s Comments Policy publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

We're talking about:


With infrastructure spending having been identified as one of the key focus areas of the National Development Plan, tradesmen will continue to play a critical role in growing the South African economy through their skills..

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

A 30% a month return on investment is:

Previous results · Suggest a vote