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Africa News - Page 8

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South Africa Spend More on Gambling

International News Brief: South Africans blew R9,9 billion gambling at casinos, on the horses, bingo and limited payout machines in the year to March, a 22% increase on the R8,1 billion they wagered last year.

Uganda Minister Crashes Casino Opening

International News Brief: The Ugandan Minister of Water, Lands and Environment added colour to the opening of Grande Casino on Crested Towers by launching a passionate protest for not being invited. He pulled faces and refused to eat.

Five Arrested Over Fraud

International News Brief: Five people have been arrested over fraud at Uganda’s Grand Casino on Monday.

Peermont Bets on Africa

International News Brief: South African hotel and casino company Peermont Global is in talks to launch hotel and casino resorts in South Africa, Mozambique, Angola and Uganda as it expands in Africa to keep profits rising.

South African Lottery Coincidence Surprises

International News Brief: South African lotto watchers who tuned in for Saturday's draw were surprised when no fewer than four of the winning numbers in the lottery were identical to the Lotto Plus winning numbers.

Kalahari Sands Casino Takes Lead in Responsible Gaming

International News Brief: Kalahari Sands Hotel and Casino, in conjunction with the Gaming Board of Namibia, is spearheading the implementation of a Responsible Gaming Programme aimed at assisting people suffering from excessive or compulsive gambling behaviour.

South Africa Plans Online Gambling Policy

International News Brief: The South African government plans to develop a new policy on Internet gambling this year.

South African Casino Groups Report Rise in Profit

International News Brief: South Africa’s listed hotel and casino groups recently reported a surge in profits and dividends on the back of last year's buoyant consumer spending, but their longer-term profitability will depend on where they invest their excess cash.

Ugandan Casino Gets Approval

International News Brief: Grand Casino, a $2 million investment will start operations on April 15 after getting a nod from the finance ministry, making it the second casino after Kampala Casino.

South African Board Imposes Casino License Conditions

International News Brief: Finance and Economic Development spokesperson Barry Morkel says that the North West Tender Board had imposed conditions of licenses for five casinos in Pretoria as part of promoting the broad based Black Economic Empowerment.

South African Casino Hit by Robbers

International News Brief: Several men firing AK-47s stormed into Gold Reef City Casino and got away with R1.2-million in a daring predawn raid.

Uganda Casino Petitions for License

International News Brief: A new gambling house in Uganda, Casino Grande Ltd, has petitioned the High Court to order the Government to licence it in a gaming and pool betting business.

South Africa's Casinos Clean Up

International News Brief: South Africans gambled away R8.2-billionin the 12 months between March 2003 and March 2004, 89% of it going to casinos.

Sibaya Casino Reports Strong Opening Month

International News Brief: The multimillion-rand Sibaya Casino reported a bumper opening month, with more than 500 000 visitors passing through Durban's latest tourism spot.

Cameroon Finance Law Affects Gambling

International News Brief: One of the areas affected by the 2005 Finance law is gambling and entertainment.

Company Sells Interest in South African Casino

Caesars Entertainment Inc., the world's largest casino company, has agreed to sell its 25 percent of a South African casino to Peermont Global Ltd. for $145 million.

Botswana Casino Board Reports Earnings

International News Brief: The Casino Control Board's 2004 annual report shows that local casinos earned a gross revenue of P81 million last year.

Uganda Casino Waiting for Bill Approval

International News Brief: Casino Grande Uganda Limited will be licensed after the Casino and Gaming Bill 2004 is enacted, the finance ministry has said.

Sun International Reports Strong Results

International News Brief: Sun International has reported strong trading results for the first part of its 2005 financial year.

South African Businessman Bets on Indian Casino Venture

nternational News Brief: A leading South African Indian businessman, working to set up a casino resort in India on the lines of the one at Las Vegas, is hoping his venture will get the green signal.

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