Gambling Board also named in suit
Sun International, a leading gaming operator in South Africa, has completed the initial planning of its new casino at Times Square in Menlyn Maine, though it is still fighting Goldrush Group Management over a plan to transfer its license from another location.
Sun’s original license was issued by the North West Gambling Board for the Morula Sun property in Mabopane. It expired in March 2006 and was never renewed, but was replaced by Gauteng in June 2007, the Pretoria News reported. The transfer application was filed in July 2014.
Sun International previously pointed out that once completed, the property would generate more than R1.7 million (US$137,000) in gaming and other taxes in the first five years of operation. The total amount that would be contributed to both the local and national governments is expected to reach R2.7 billion (US$217 million) over the same five-year period. Times Square will have up to 2,000 slot machines and 60 gaming tables, plus a 5-star hotel, a conference hall, retail and restaurants. The relocation of the property is expected to cost about R3 billion.
Michael Farr, spokesman for Sun International, said preliminary work on the site has been completed. The second phase will include the preparation of the casino site. The construction phase of the development is expected to take up to 30 months.
