Tsogo Sun set to acquire 50.1% stake in betting online operator Betcoza

SOUTH AFRICA – Tsogo Sun Hotels, a gaming and entertainment business, has struck a deal move into the country’s sports betting market through the acquisition of a 50.1% stake in local land-based and online operator Betcoza. Its Tsogo Sun Alternative Gaming Investments subsidiary will pay ZAR49 million (US$2.8m) in cash for its stake in the company behind the Bet.co.za online sportsbook. As part of the transaction, it will also acquire an indirect interest in Betcoza’s retail sports betting licences, covering the provinces of Gauteng and Limpopo. “The acquisition represents a…

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