Sun International Interested In Powerbet Gaming

SUN INTERNATIONAL INTERESTED IN POWERBET GAMING

13th May, 2013 at 12:28:53
Source: http://www.azonlinecasinos.com

Online sportsbetting on the agenda for prominent South African hospitality group

South African listed hotel and gaming group Sun International has announced the proposed acquisition of online fixed-odds sports betting operator Powerbet Gaming (PBG), which owns and operates Voltbet.com, during its third quarter results report.

The group said it has identified online sportsbetting as a fast growing sector within the gaming industry and sees synergistic opportunities between it and its other terrestrial gaming interests.

"Powerbet provides the ideal platform to accelerate the group's entry into the online gaming market," said a company statement.

Sun International has proposed the acquisition of 100% of Purple Capital's Gaming Interests' issued share capital and shareholder loan accounts for a consideration of R30 million in cash (US$3 278 880).

Purple Capital Gaming Interests comprise Powerbet Gaming Limited, the software developed and operated by PBG, the associated licence issued by the Western Cape Racing and Gambling Board and Purple Gaming Limited which holds a bookmaking licence in Tanzania.

Related News Tags:



« News index »



BET.CO.ZA EXPANDS MOBILE SERVICE

27th March, 2017 at 20:04:48
With launch of iOS app.

BETTING DRIVES SOUTH AFRICAN GAMBLING MARKET

10th February, 2017 at 09:06:44
Boosted by introduction of licensed online sports betting.

SOUTH AFRICAN CASINO OWNERS STILL INSIST THAT ONLINE GAMBLING IS A THREAT

08th December, 2016 at 07:08:14
Despite government bans on online gambling, land casino owners continue to see it as a threat.

SOUTH AFRICAN CLAMPDOWN ON ILLEGAL GAMBLING

03rd December, 2016 at 09:35:47
Enforcement agencies combine to shutter 19 venues in two provinces.

SOUTH AFRICAN GAME DESIGN STUDIO CONTRIBUTES TO LAND CASINO GAMES

29th November, 2016 at 21:13:17
Bla Blas Bla's innovative games are finding favour in the land casino environment following deal with Slot Game Lab.