Monday, July 16, 2018

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Gambling bosses slam bill that would see another casino in Cape <a href='http://wager1688.blogspot.com/'>http://wager1688.blogspot.com/</a> Town

Casinos were established in five of the province’s district municipal regions, and owners were each granted a licence to operate a casino exclusively for a 10-year period in a designated area. The exclusivity periods have now expired. There are now proposals to make casino licences available in the City’s eastern region (Somerset West, Strand) and in the Table Bay and Tygerberg area. Anthony Leeming, chief executive of Sun International, said relocation by competitors would have a negative impact on GrandWest Casino. If the bill was passed into law “any of the four licensed outlying casinos will be allowed to apply to http://livebettingywh.onlinetechjournal.com the Western Cape Gambling and Racing Board for amendment of their licenses”. “The amendment, if granted, will permit the respective casino operator to relocate their licensed operations from their existing locations in the outlying areas to the newly established Table Bay and eastern region.” He said GrandWest Casino, the metro licence holder, could see a decline of 24% of gross gambling revenue. “The headcount will likely decline by 15 to 20%. “The majority of job losses will be from the casino, but a drop in footfall will result in additional and similar job losses in the supporting... operations at GrandWest, as many of these businesses are entirely dependent on footfall generated by the casino.” The closure of one or two of the outlying casinos would lead to retrenchments and hit local economies hard.

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