Gaming and leisure group Tsogo Sun, which endured a tough interim period to end-September with discretionary spending tight, is hoping for clarity on a second Cape Town casino before the end of 2017. The Western Cape government has long been debating the possibility of allowing one of four provincial casino licences to be transferred to the Cape Town metropole, where rival Sun International’s GrandWest casino has enjoyed an extended period of exclusivity. If a second casino licence was allowed in Cape Town, Tsogo would be the odds-on favourite to benefit through its controlling shareholdings of the Mykonos, Caledon and Garden Route casinos. Tsogo also owns significant minority stakes in the GrandWest and Worcester casinos, which are controlled by Sun International. Sun International has already launched court action to set aside any decision by the Western Cape government to allow the relocation of an outlying casino to the metropole, while Tsogo embarked on court action to compel t...
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