TSOGO ACQUIRES LARGER STAKE IN SUNCOAST CASINO

Shareholders were advised that on 26 November 2011 the Kwazulu-Natal Gaming and Betting Board approved the application submitted by Tsogo Sun Gaming (Pty) Ltd for the acquisition of an additional 16.5% effective interest in the Suncoast Casino for R510 million (“the transaction”), bringing Tsogo Group’s total ownership of that operation to 90%. Following the approval by the Kwazulu-Natal Gaming and Betting Board, all conditions precedent to the transaction have been fulfilled.

Source: ABN Digital