GAMING NEWS
Peermont Plans to Relocate Gambling Licence after of Mmabatho Palms Fire Following the fire that gutted large parts of the Mmabatho Palms Casino last year, Peermont Group plans to transfer its gambling licence from the Mahikeng-based Mmabatho Palms Hotel and Casino, to Rustenburg.
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Peermont has already applied to the North West Board for its gambling business to be transferred. In September last year part of the flagship Mmabatho Palms Hotel was destroyed by a fire. It has now emerged that the casino may never operate in Mahikeng again. The Peermont Group confirmed that it applied for its gambling licence to be transferred from the Mmabatho Palms Hotel in Mahikeng – to a destination near the Waterfall Mall in Rustenburg. However, the group says it will continue with conference, food and beverage operations at Mmabatho Palms. “The staff employed at Mmabatho palms will have the first right of refusal to positions available at the Waterfall hotel and casino. The staff members employed at Mmabatho Palms who do not wish to relocate to Rustenburg will be accommodated at the remaining operations of Mmabatho Palms as much as this is possible. The majority of the remaining vacant positions will be recruited for within Peermont and with Rustenburg,” spokesperson Nikki Evans said.
Sun International Posts Strong Performance, Poised for Growth Continued from Page 8 The group successfully settled its Covid-19 business interruption claim and has received net proceeds of R517m. According to Leeming : “We remain optimistic that we are entering a more normalised trading environment despite the ongoing Covid-19 pandemic.“ “Online gaming and sports betting continue to grow exponentially, driven by increased internet, smart phone and mobile money
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/ Gaming for Africa / gfamagazine.com
penetration. SunBet is rapidly scaling revenues from mid to high-end customers while building a reputation for excellence through our omnichannel offering with Sun International’s premium hotel and casino portfolio and integrated MVG programme.“ “Implementation of Playtech’s Neon casino management system in both our land-based casinos as well as our online SunBet platform is a key component to this strategy which will allow our MVG customers to enjoy a seamless interaction with the group as they transition
between online gaming and our land-based casinos. We anticipate SunBet will contribute meaningfully to group profitability within three years and are investing in critical resources and skills to capture this transformational opportunity.“ “We expect to accelerate further de-gearing of the balance sheet to create capacity for disciplined capital allocation towards high-return opportunities, while targeting the re-instatement of dividends over the short to medium term, with a focus on maximising total shareholder return.“
