Situated in the heart of the Northern Cape amongst meat and fruit farmers, this is a magnificent independently owned casino. Sited on an 18 hole golf course the resort consists of a 60 room 3 star hotel a fully licensed casino and various retail outlets.
As an investment the purchase of shares would be based on the average P.E. of Sun International and Gold Reef Resorts. This has the following advantages:
a) Virtually no gearing whilst Sun International is highly geared and
b) The buyer would have a substantial vote on all business decisions and future requirements.
The company has even in the recessionary times of late 2008 and 2009, still enjoyed a minimum of 7% increase in profits per year
Please note that the business itself is not for sale only shares to a maximum of 19% are available for sale
Seller Reference #Casino01
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