Tag Archives: Phumelela
- South African online gambling bill published; Phumelela fee irks bookies
April 24, 2014
A bill to legalize online gambling in South Africa was published in the Government Gazette on Wednesday, but even its author has suggested its chances of passing into law are “far from certain.” Democratic Alliance party shadow minister for trade and industry Geordin Hill-Lewis (pictured) first announced plans to introduce...
- New Greek EC complaints; OPAP profit slumps; Intralot Taiwan lottery deal
May 29, 2013
The Remote Gambling Association (RGA) and the European Gaming and Betting Association (EGBA) have filed a new complaint with the European Commission over Greece’s online gambling restrictions. Late last year, Greece revealed its intention to prohibit online gambling companies from offering sports betting or random number generator casino games, which...
- Sports betting boosts Phumelela’s H1; Tsogo Sun to expand Gauteng casinos
April 12, 2013
South African horseracing and betting operator Phumelela Gaming & Leisure Ltd. saw revenue rise 8% to R492m (US $55.2m) in the six months ending January 31. The boost was largely due to Phumelela’s football betting operations, which saw net income rise 77% over the same period last year. Meanwhile, revenue...
- OPAP profit falls as it preps for Greek asset fire sale
March 9, 2013
Greek betting monopoly OPAP saw profit fall 6% to €505.5m in 2012 as the country’s ongoing economic malaise curbed punters’ desire to gamble. (For all of you who feel your home country’s struggling, consider that a staggering 26.4% of Greece’s workforce was unemployed in December.) Full-year revenue fell 8.9% to...
- Phumelela takeover of Gold Circle okayed; Tsogo Sun casino profit rises 34%
November 20, 2012
South Africa’s Competition Tribunal has approved the takeover of the Western Cape operations of horseracing/tote betting outfit Gold Circle by rival operator Phumelela. BD Live reports that the deal calls for the Western Cape racing assets to be sold to Kenilworth Racing, which is controlled by horse owners and members...
- HORSERACING: Phumelela profits; Iowa’s ADW debut; New Mexico gets strict
April 20, 2012
South African racing operator Phumelela’s revenues were up 2% to R451.7m ($57.5m) while net profit was up 11% to R35.6m ($4.5m) for the six-month period ending Jan 31. Had it not been for the R39.7m brought in by its international operations, Phumelela would have ended up in the red. CEO...
Ex-Ladbrokes Australia boss to roll-out new online lottery
September 4, 2017
Betfred hops on social casino bandwagon with Betfred Social
March 22, 2017
Ladbrokes Australia fined (again) for inducing gamblers
April 7, 2017