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Sun International Interested in Gaming
Monday May 13,2013 : SUN INTERNATIONAL INTERESTED IN POWERBET GAMING
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, 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 percent 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.
New Racing UK free-to-watch show -
Wake up to Luck on Sunday – join Nick Luck and guests for new Racing UK free-to-watch show. BHA Chief Executive Nick Rust to appear on first broadcast this Sunday
MLB Odds: Stroman Gets the Nod Against Royals -
The Toronto Blue Jays (70-80, –20.18 betting units) begin their final home stand of the 2017 campaign this Tuesday when they welcome the Kansas City Royals (73-76, +2.56 units) to Rogers Centre. Sportsnet has the coverage at 7:07 p.m. Eastern.
Microgaming QuickFire enters Coloumbia -
Wplay signs for Quickfire; strategic deal sees Quickfire enter Colombian market. Colombian-licensee Wplay has signed a deal for Quickfire, powered by Microgaming.
Partypoker to sponsor WSOPC Uruguay -
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MLB Odds: Jays Hope to Spoil Orioles’ Visit -
The 2017 season is just about over for the Toronto Blue Jays (66-77, –21.19 betting units), but they can play spoiler in Tuesday’s game against the visiting Baltimore Orioles, starting at 7:07 PM ET on Sportsnet.
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