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South African Casino News

Grand Parade Investments list on JSE

The JSE has finally granted gaming investment company, Grand Parade Investments, a listing for Friday, 6th June. GPI has been allowed to list as an investment company and not as an operating entity.

According to Fin24, the company looks set to acquire new assets in a bid to ensure investment diversity. The group’s holds a minority stake in SunWest, which is the Sun International subsidiary responsible for GrandWest Casino in Cape Town.
GPI also has a stake in the new Golden Valley Casino (Worchester) as well as Thuo Gaming, the operators of GrandSlots.

The group kicked off their listing hopes with an empowerment scheme in 2000 and most of the company’s shares are held by community based investors. In addition to these shareholders, the Cape Empowerment Trust, Trematon Capital and Blue Bay Fund Managers are also involved in GPI.

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