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Investment overview

All of GPI’s investments are quality assets in the leisure and gaming industry that have shown strong growth and solid earnings performance over the years.

The investment portfolio has been consistently grown to the benefit of its shareholders year on year (over the last 12 years, GPI’s share value has grown by a phenomenal 1 687%, from the original investment of R28 million to a net asset value of R1,6 billion).

  • SunWest (34.30%) owns and operates the GrandWest Casino and the Table Bay Hotel, and also owns a stake in the CTICC.
    • GrandWest provides its guests with the latest state-of-the-art gaming and non-gaming entertainment facilities.
    • The Table Bay Hotel provides its guests with a luxury hotel experience in one of the most beautiful settings in the world.
    • The CTICC has proven to be of enormous economic value and is rated as one of the top convention centres in the world.
  • Worcester Casino – the Golden Valley Casino provides guests with an intimate gaming and hotel experience.
  • Through RAH, GPI has increased its exposure to SunWest and other high-quality 'urban casino' assets, namely Carnival City, Sibaya Casino and Boardwalk Casino.
  • Grandslots is the trading brand of Thuo Gaming WC in which GPI has taken control of the LPM acquisition.
  • GPI owns a 92.5% stake in Thuo Gaming KZN and Kingdomslots is the trading brand for this market.

Operational Overview

2010 represents a watershed moment for GPI because it marks the end of our time as purely an investment company and a new beginning whereby we have acquired 100% control over our LPM investment. With this acquisition now bedded down and their management team wholly integrated with that of GPI's, we are now fully committed to growing our gaming and other interests, having completed a smooth handover from the Tatts Group, our original partners in the business.

The LPM industry is still relatively new, with just short of 5 500 machines having become active by the end of June 2010 out of a total potential 50 000 machines countrywide.

GPI has set as short to medium-term objective of securing control of an additional 3 000 machines over and above the 2 000 machines which we now control. I am confident that we can continue to grow our LPM business profitably and that it will have a positive impact on our future earnings. (Operations table)