• BEE winners and losers

    Creating real change and real jobs requires a new ideology, says Gerhard Papenfus.

  • Governance matters

    Addressing risk well and timeously can be a source of growth, says Ian Mann.

  • Road to riches

    Taxpayers keep funding structures with big plans but who knows what efficacy, says Mandi Smallhorne.

Loading...
See More

Gauteng gamblers coin it

Dec 08 2010 06:17 Amanda Visser

Company Data

TSOGO SUN HOLDINGS LIMITED [JSE:TSH]

Last traded 27
Change 1
% Change 3
Cumulative volume 2428952
Market cap 0

Last Updated: 31-03-2015 at 03:02. 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

Nafhold to sell R1.5bn Tsogo Sun stake

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
Sake24.com.

gold reef resorts  |  tsogo sun  |  gambling

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com 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
3 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 
 

This is the most expensive burger in the world!

You won't believe how much someone was prepared to pay for this burger!

 
 

Luxury living

Exclusive food items that WILL break the bank
Top 10 most expensive homes in the world
You can permanently live on a ship and sail the world!
These are the richest people on the planet!

Money Clinic

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

Voting Booth

How will you manage Vodacom’s price hike for contracts?

Previous results · Suggest a vote

Loading...