Home PageTell a Friend
Gambling NewsletterSite MapHelp Using CasinoMan.Net		04 July 2009
Da Vinci's Gold
 

Gold Reef gets nod to buy out Silverstar



Printer Friendly VersionPost a CommentTell a Friend about this Article13 November 2006
As reported by: Business Day
HOTEL and gaming group Gold Reef Resorts and its empowerment partner, Akani Leisure Silverstar, received approval on Friday to purchase the entire issued share capital of Silverstar casino on the West Rand by the Gauteng Gambling Board.

The decision follows earlier announcements by the group of the purchase of a 92% stake in the casino.

The Gauteng gaming market is the largest and most lucrative region in the country.

Total capital expenditure on Silverstar, which will be jointly owned by Gold Reef Resorts and Akani, is expected to reach about R1,1bn. The casino will have 700 slot machines and 30 tables as well as a hotel, restaurants and conference facilities.

The board also approved the termination of Silverstar’s management contract with Century Resorts.


Article By: Business Day

Related Articles:

There are no other articles on the same subject matter.

Recommended Casinos:

Da Vinci's Gold - Welcome bonus up to $350 free - click here
English Harbour - $450 welcome bonus for new players - click here
Vegas Casino Online - Get 100% bonus up to $125 free - click here
Rushmore Casino - 100% match bonus up to $400 on first deposit - click here

Readers Comments:

Post a Comment
No comments have been made about this article.