Tsogo Sun to acquire betting platform Betcoza
The hotel and gaming group will acquire a 50.1% stake in SA’s premier sports betting and entertainment site for R49m
In a move that helps Tsogo Sun Hotels gain a foothold in SA’s online betting industry, the gaming and leisure group will, through its subsidiary Alternative Gaming, acquire online betting platform Bet.co.za (Betcoza).
Tsogo Sun will acquire a 50.1% stake in Betcoza, SA’s premier sports betting and entertainment site for R49m. As part of the deal, it will also acquire indirect interests in retail sports betting licences. Betcoza has retail sports betting licences that allow it to operate in Gauteng and Limpopo...