quality assets
Grandslots
GPI’s effective stake: 25.1%
GPI owns an effective stake of 25,1% in Grandslots, the trading brand of Thuo WC, through its 100% held subsidiary, GPI Slots (Pty) Ltd.
The balance of the shareholding in Thuo WC is held by Slot Solutions which owns 9,9% and the balance of 65.0% is owned by Tattersalls (a well-respected Australian company known for their international expertise in the slots industry).
Thuo WC is a company built on honesty, integrity and a rich tradition of upliftment in the communities in which it operates through corporate social initiatives. The introduction of limited payout machines (LPM) in the Western Cape represents the culmination of government's gradual and cautious approach to LPMs and the socio-economic impact that such machines can have on poorer communities. The Western Cape Gambling Board's sanctioning of such introduction was only forthcoming after it conducted extensive research into this industry, in line with its responsible gambling initiatives. Grandslots is the trading brand of Thuo WC.
It is the primary player in the industry and has licences to operate 1 000 machines with the real prospect of obtaining licences for a further 1 500 machines. The roll-out of the LPMs has been limited to selected venues throughout the Western Cape. The company benefits extensively from synergistic partnerships with leading operators of casinos, lotteries, wagering and electronic gaming machines.
GPI exerts board influence though it's two board appointments - Hassen Adams (who also serves as the Chairman of Thuo Gaming) and Alex Abercrombie.