Africa News - Page 7
South Africa Casino Scrutinized for Laundering
7 June 2006
International News Brief: South Africa's Financial Intelligence Centre will be closely scrutinising the country's gambling sector and estate agents to guard against money laundering, the finance minister said on Monday.
Casino Cites Financial Benefits in Bid to Woo Anti-Gambling Bishop5 June 2006
International News Brief: A giant gambling company is attempting to win over a Church of England bishop who is strongly opposed to plans for a Las Vegas-style super-casino.
Gaming Regulators African Forum Appoints Chairperson4 May 2006
International News Brief: Chairperson of the Casino Control Board of Botswana Lekwalo Mosienyane has been appointed chairperson of the Gaming Regulators African Forum.
Namibia Plans End to Gambling License Moratorium1 May 2006
International News Brief: The Namibian government also plans to lift a moratorium on new gambling licences, which has been in place for nearly ten years in the coming months.
Sun International Offer Deemed Unacceptable13 April 2006
International News Brief: Real Africa Holdings Ltd. said on Wednesday a 2.2 million rand cash offer to acquire it by South Africa's top casino operator, Sun International, undervalued it and was unacceptable.
South African Casino Revenues Up6 March 2006
International News Brief: Revenue at the Boardwalk casino complex on the Port Elizabeth beachfront increased by 15% for the half year ended on December 31.
Kalahari Sands Transfers Shares20 January 2006
The Kalahari Sands Hotel reports the transfer of 7% of the shares of Sun International holdings to previously disadvantaged people in a deal that now allows the employees of the hotel and casino to participate in the scheme.
Namibia Sands Improves to Satisfy Customers18 January 2006
International News Brief: The Kalahari Sands Hotel, an establishment under the Sun International Group, has officially opened its N$13,5 million refurbishment to guests.
Suncoast, Local Government Locked in Battle17 January 2006
International News Brief: Suncoast Casino and the eThekwini Municipality are locked in a legal battle about plans by the casino to cut back on promised investment on its prime Du
South African Gambling Tax Revenue Up9 January 2006
International News Brief: A recent study shows that the South African gaming industry paid R1,7-billion in taxes into state coffers in 2003/4.
Rags to Riches in South Africa4 January 2006
International News Brief: A chance stop at Suncoast Entertainment World in Durban proved to be rewarding for a Cape Town man who was down on his luck.
South Africa May Legalize Online Gambling23 December 2005
International News Brief: Online gambling will become legal in South Africa if trade & industry minister Mandisi Mpahlwa accepts the recommendations of the national gambling board.
Century Casinos to Expand Caledon Casino21 December 2005
In time for the busy Christmas holiday season, Century Casinos has opened an expansion of its South African property, The Caledon Casino, Hotel & Spa.
HCI Acquisition Needs More Approvals19 December 2005
International News Brief: Although Hosken Consolidated Investments has obtained control of gaming rival Johnnic, it has yet to obtain stamps of approval from various gambling board
Football Betting Craze Hits Zimbabwe13 December 2005
International News Brief: A new gambling craze has hit Zimbabwe, with the recent launch of a football betting service called ZimBet.
Official: Botswana Casino Act Lacks Restrictions9 December 2005
International News Brief: The Chairman of the Botswana Casino Control Board, Lekwalo Mosienyane has said the Casino Act does not have restrictions on casino advertisement nor restrictions on the time casinos may remain open.
South African Casino Opens7 December 2005
International News Brief: The R250-million Windmill Casino and Entertainment Centre was officially opened in Bloemfontein, South Africa, on Tuesday night.
Construction of Worcester Casino Gets Underway29 November 2005
Construction has begun on the new R156m Worcester Casino complex owned by Sun International and its BEE partners, with the opening set for September 2006.
South African Casinos Sign Code of Conduct14 November 2005
International News Brief: Representatives of South Africa's rapidly growing casino sector have signed the country's first-ever national gambling industry code of conduct, making it one of the first globally to do so outside the US.
South African Gambling Board Chief Grilled Over Salary31 October 2005
International News Brief: South Africa’s National Gambling Board chief executive officer Thibedi Majake was today grilled by MPs over his salary, which is higher than that of cabinet ministers.
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