One of the largest casinos in South Africa has warned the government about new legislation that would allow the relocation of licensed gambling grounds in the Western Cape province.
According to a G3Newswire report, the Western Casino and Racing Games Act of 1996 ranked casinos in the province's top five municipalities, and also granted each venue a ten-year period of exclusivity.
However, that provision has reportedly expired with lawmakers in the South African country who are now considering whether a follow-up bill to amend the Western Cape Gambling and Racing Act in 2018 should be ratified. The move allowed licensed gaming firms to relocate their casinos to more lucrative locations within the province, with plans that, as stated, were in the works that will bring new locations to the Tigerberg and Cape Town Metropolitan Bay areas.
Anthony Leeming, CEO of Sun International, said the new legislation would hurt GrandWest casinos. He also allegedly stated that the move could lead to a 24% reduction in annual revenue from game winnings, at the expense of a projected 20% drop in attendance.
Ivanov Harlam |
Last update: 18.07.2018
Pennsylvania got another online casino - the idea was implemented by Wind Creek and Pala. […]
Trump's casino that once adorned Atlantic City is about to blow up. […]
The new Park City Casino will open soon. […]
Trump Plaza Casino, bought from Trump in 2004, will be demolished. […]
NetEnt will support the popularity of 888 Holding Live Casino with its games. […]
You need to login to create comments.
Comments ()