HCI - Hosken Consolidated Investments Limited - Awarding of a limited payout
HCI
HCI
HCI - Hosken Consolidated Investments Limited - Awarding of a limited payout
route operator licence by the Gauteng Gambling Board to Vukani Gaming Gauteng
(Pty) Ltd
HOSKEN CONSOLIDATED INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1973/007111/06)
(Share code: HCI ISIN: ZAE000003257)
("HCI")
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.
15 December 2008
Cape Town
Sponsor
Investec Bank Limited
Date: 15/12/2008 17:22:20 Produced by the JSE SENS Department.
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