Who Owns Betting World?

Betting World is a well-known sports betting brand in South Africa. It is owned and operated by Phumelela Gaming and Leisure Limited, a company that has been in the gaming industry for more than two decades. In this article, we will delve into the history of Phumelela Gaming and Leisure Limited, its ownership, and how it acquired Betting World.

Phumelela Gaming and Leisure Limited – Company History

Phumelela Gaming and Leisure Limited was established in 1997. It is a JSE (Johannesburg Stock Exchange) listed company that operates in the gaming and leisure industry. The company has its headquarters in Johannesburg, South Africa, and has subsidiaries in other countries, including Mauritius and Zimbabwe. Phumelela Gaming and Leisure 사설 토토사이트 operations revolve around horse racing, betting, and hospitality.

The company started as a small horse racing business, but over the years, it has grown to become one of the largest gaming companies in South Africa. Phumelela Gaming and Leisure Limited has contributed significantly to the South African economy through job creation and tax revenue.

Ownership of Phumelela Gaming and Leisure Limited

Phumelela Gaming and Leisure Limited is a publicly traded company, which means that it is owned by its shareholders. The largest shareholder in the company is Hosken Consolidated Investments Limited (HCI), a black-owned investment company in South Africa. HCI owns about 47% of the company’s shares.

Other significant shareholders in Phumelela Gaming and Leisure Limited include Investec Asset Management, Allan Gray, and Coronation Asset Management. These institutional investors collectively own about 36% of the company’s shares.

Acquisition of Betting World

Betting World was initially owned by Gold Circle, another South African gaming company. In 2013, Phumelela Gaming and Leisure Limited acquired Betting World from Gold Circle for R49 million. The acquisition of Betting World was part of Phumelela Gaming and Leisure Limited’s strategy to expand its operations in the sports betting industry.

At the time of the acquisition, Betting World had 20 retail outlets across South Africa and a significant online presence. The acquisition of Betting World allowed Phumelela Gaming and Leisure Limited to offer a broader range of sports betting products to its customers.

Betting World’s Operations

Betting World offers a variety of sports betting products to its customers. The company’s retail outlets are located in major cities across South Africa, including Johannesburg, Cape Town, and Durban. Customers can place bets on various sports, including football, rugby, cricket, and tennis.

In addition to its retail outlets, Betting World has an online platform that allows customers to place bets on their preferred sports. The online platform is user-friendly and offers a wide range of betting options, including live betting.

Betting World has a reputation for offering competitive odds, which has helped the company to attract a significant customer base. The company also offers various promotions and bonuses to its customers, which has contributed to its growth in the sports betting industry.

Conclusion

Phumelela Gaming and Leisure Limited is a well-established gaming and leisure company in South Africa. The company owns and operates 사설 토토사이트 World, one of the leading sports betting brands in the country. The acquisition of Betting World allowed Phumelela Gaming and Leisure Limited to expand its operations in the sports betting industry, enabling it to offer a broader range of products to its customers. Betting World’s competitive odds, user-friendly online platform, and various promotions and bonuses have helped the company to attract a significant customer base. With its strong financial backing and experienced management team, Betting World is well-positioned to continue its growth in the sports betting industry.