• Matchmaker businesses

    Multisided platforms can create huge value for society and fortunes for entrepreneurs, says Ian Mann.

  • Future imperfect

    A lack of compassion with ordinary people is crucial to SA’s failures, says Mandi Smallhorne.

  • Will Gordhan be fired?

    An economist ponders the top question concerning those who control international capital flows.

All data is delayed
See More

Grand Parade to make gambling machines

Nov 28 2012 11:50
I-Net Bridge

Company Data


Last traded 4
Change 0
% Change 2
Cumulative volume 4800
Market cap 0

Last Updated: 25-10-2016 at 09:17. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Sun Intl, Grand Parade in new deal

Sun Intl: Cosatu threats concerning

Sun International ups profit slightly

Sun International expects 100% earnings rise

Sun International Q1 revenue up 11%


Johannesburg - South African casino operator Grand Parade Investments [JSE:GPL] said on Wednesday it has formed a joint venture with German's Merkur Gaming to make and distribute gambling machines in South Africa.

Merkur Gaming is a wholly owned subsidiary of the family-owned Gauselmann Group.

There were no gambling machine manufacturing facilities in SA‚ though the industry contributed about R50bn to gross domestic product annually‚ Grand Parade said in a Sens statement on Wednesday.

In terms of the joint-venture agreement‚ Grand Parade and Merkur will form a new company‚ called Grand Merkur (Pty) Ltd‚ which will be registered in SA to manufacture‚ assemble and distribute slot machines‚ sports betting terminals and lottery terminals.    

The financial details of the deal were not disclosed.

grand parade investments



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
Comments have been closed for this article.

Company Snapshot

Money Clinic

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

Voting Booth

Do you use all your downloaded apps on your smartphone?

Previous results · Suggest a vote