Tag Archives: South Africa

Risky business – why investors should beware grey market operators

Scott Longley, editorial director at Regulus Insights, analyses the concept of risk for dotcom operators and their investors. The 9% share price fall that prompted Playtech to issue a stock exchange statement late last week was only the most recent example of how listed gambling companies suffer more than most from the financial market phenomenon of risk on/risk off. This …

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SA National Gambling Board to be scrapped

South Africa’s National Gambling Board is to be scrapped after controversy surrounding international expenses, according to Trade and Industry Minister Rob Davies. The minister said that the National Gambling Board – which spent R4.1m (£230,000) on travel in the last three years, including a trip to Las Vegas which cost over R1m (£56,000) – told Parliament that the organisation would …

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Trade Minister suspends South African Gambling Board

South Africa’s Trade & Industry Minister Rob Davies has suspended the country’s National Gambling Board pending the outcome of a forensic investigation. The Trade & Industry ministry has confirmed its actions, stating that the National Gambling Board had been temporarily suspended pending further information. However it remained silent on its reasons for the actions undertaken. Spokesperson Sidwell Medupe says two …

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