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Group Structure


SunWest

In November 2007, the group increased its economic interest in SunWest to 26,41%. SunWest is now being accounted for as an associate. Subsequent to year-end, the group acquired an additional 2,83%. The group’s effective interest including the share held by RAH equals 33,71%.

RAH

This acquisition indirectly increased GPI’s exposure to:

  • SunWest (effective increase of 4,47%)
  • Golden Valley (effective increase of 2,26%)
  • Western Cape Manco (effective increase of 3,98%)
  • Sibaya (effective increase of 4,19%)
  • National Manco (effective increase of 7,76%)

Importantly, it also exposed GPI to other high-quality urban casinos and regional management companies outside of the Western Cape, namely:

  • Carnival City (effective stake of 6,61%)
  • Boardwalk (effective stake of 2,48%)
  • Afrisun KZN Manco
  • Gauteng Manco
  • Emfuleni Manco

Worcester Casino

GPI has a 36,7% interest in Worcester Casino. The group’s effective interest including the share held by RAH equals 38,96%.

Western Cape Manco

GPI owns 50% of Western Cape Manco. This investment is now accounted for as a joint venture. The group’s effective interest including the share held by RAH equals 53,98%.

National Manco

GPI holds a 5,67% shareholding in National Manco and this investment is classified as available-for-sale.

Akhona GPI

GPI holds a 50% interest in Akhona GPI. Akhona GPI owns a 6% stake in Dolcoast Investments Limited, which in turn holds a 22% stake in Sibaya Casino in KwaZulu-Natal, together with a 20% shareholding in Thuo Gaming KZN.

GPI Slots

Through GPI Slots, GPI owns a 25,1% interest in the LPM operations of Thuo Gaming WC.

BVI

BVI is a wholly-owned special purpose vehicle established to obtain preference share funding.