Cape Town authorities are expected to decide the future of the casino industry by the end of the year.
South Africa.- Cape Town authorities are expected to release a final resolution on casino development in the capital city of South Africa soon. Gaming and leisure group Tsogo Sun, potential operator of local casino project, has demanded an answer by pushing the government to determine the future of the industry.
Recently, Tsogo suggested there was potential to bid for the relocation of one of the smaller casinos in the Western Cape to the Cape metropole. Although no official decision has been made by provincial authorities, the highly expected proposal would involve the relocation of an existing casino license in the Western Cape to the Cape metropole.
Tsogo owns three Western Cape licenses: Mykonos, Caledon and the Garden Route, whilst Sun International owns the Golden Valley casino in Worcester. The second casino license for Cape Town has been discussed for at least five years and would help boost the provincial government’s economy.
“The potential to bid for the relocation of one of the smaller casinos in the Western Cape to the Cape Town metropole remains an opportunity for the group should the provincial authorities allow [it],” commented Tsogo CEO Jacques Booysen. So far, the provincial authorities’ progress on a decision regarding the second casino license has been described as “glacier slow.”