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South African Casino
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Grand Parade Investments
list on JSE
The JSE has finally granted
gaming investment company, Grand Parade Investments, a listing
for Friday, 6th June. GPI has been allowed to list as an
investment company and not as an operating entity.
According to Fin24, the
company looks set to acquire new assets in a bid to ensure
investment diversity. The group’s holds a minority
stake in SunWest, which is the Sun International subsidiary
responsible for GrandWest Casino in Cape Town.
GPI also has a stake in the new Golden Valley Casino (Worchester)
as well as Thuo Gaming, the operators of GrandSlots.
The group kicked off their
listing hopes with an empowerment scheme in 2000 and most
of the company’s shares are held by community based
investors. In addition to these shareholders, the Cape Empowerment
Trust, Trematon Capital and Blue Bay Fund Managers are also
involved in GPI.
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