Could a new casino be on the cards for Cape Town?
[CapeTalk 18 July 2018 9:43 AM]
Leisure group, Tsogo Sun has applied to the City of Cape Town to allow for a second casino in Cape Town by “rezoning” a location in Somerset West.
But not everyone has welcomed the idea.
Anthony Leeming, CEO at competitor Sun International Group, explains why it won’t be a good idea to have a second casino in Cape Town.
The ability for Tsogo to relocate two licenses as opposed to one Sun International and the ability to push for one very close to Grand West is far wider than we have anticipated, therefore the impact and the benefits aren’t what was foreseen.
As Grand West we dont believe relocation is necessary. We do have a situation where Tsogo was pushing to relocate and we were trying to find some sort of compromise.
From our perspective, the first prize would be not to relocate and we believe that would be in the best interest of Cape Town.
Leeming argues that having another casino in the metropole, where Sun International’s GrandWest casino has enjoyed exclusivity will not make a viable business sense and will not be good for the economy. He says there has to be a balance.
You have to make sure that the balance is right, the balance will obviously allow the stimulation of economic activity, but with that the question is – will it stimulate more or is it just a displacement.
To hear the rest of the interview with Sun International’s Anthony Leeming, click here