- December 15, 2008
- Posted by: admin
- Category: SENS Announcements
Awarding of a limited payout route operator licence by the Gauteng Gambling Board to Vukani Gaming Gauteng (Pty) Ltd
Shareholders of HCI are advised that the Gauteng Gambling Board has awarded a route operator`s licence to Vukani Gaming Gauteng (Pty) Ltd (“Vukani Gauteng”) to operate 1 000 limited payout gaming machines in the province of Gauteng.
Vukani Gauteng is 69.4% owned by Vukani Gaming Corporation, a wholly owned subsidiary of HCI, and 30.6% owned by a local Gauteng black economic empowerment consortium.
The Gauteng licence is considered to be the most lucrative in the limited payout gaming industry as the per capita income in this province is the highest in the country.
Vukani Gaming Corporation is now licenced in six provinces in South Africa, being Western Cape, Eastern Cape, Kwa Zulu Natal, Limpopo, Mpumalanga and Gauteng with licences to operate a total of approximately 6 000 limited payout gaming machines.