2015-07-09

(Source: HCI - Hosken Consolidated Investments Limited) A proposed reshuffle of casino ownership in the Western Cape market - which would have secured gaming and hotel giant Tsogo Sun a hand in all five provincial licences - was taken off the table at the weekend. In May last year Tsogo proposed paying almost R2.2bn to acquire a 40% stake in SunWest - the owner of the cash-spinning GrandWest casino in Cape Town and the smaller Worcester casino - from its rival Sun International and its empowerment partner Grand Parade International (GPI.) In Business Day's article, the proposals would have given Tsogo - which already controls the Mykonos,...

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