RETAIL: GAMING

This sector comprises two Gaming operators, heavily regulated by the National Gambling Act, and the National Gambling Board, as well as provincial gambling regulations. Gambling and betting companies therefore hold operating licences with provincial gambling boards. 

 INDUSTRY EXPOSURES

FarSight’s view is that because consumers across the world consume from every part of the economy, doing good is not defined by whether the company is in a good or bad industry, but whether the company is doing well for its shareholders over the long-term. We reason that in well-functioning markets, where society is able to vote its preferences, such companies will ultimately also do good by serving its customers to the ultimate benefit of society, for example, by countering the addictive qualities of gambling and gaming, as has happened in China, where the CCP placed limits on time allowed for gaming by minors, affecting Tencent (see our report on Prosus).

In South Africa, regulations distinguish between online gambling and online betting. Online gambling is prohibited if practiced through a South African based platform. Online betting is legal if it is practiced through betting companies who are appropriately licensed. These licenced companies also offer various products that look like online gambling; however, the betting is structured in a way that it falls under sports/fixed odds betting regulations and licensing. Closing illegal operators remains a significant challenge. 

Discover how leadership is driving and defending value in our detailed analysis on these companies’ top ten material issues across:

  • Governance

  • Ethics

  • Customers

  • Labour 

  • Society

  • Environment

In this report

  • Sun International (SUI)

  • Tsogo Sun (TSG)

Price: $195

Included:

  • Full 13-page report covering the 2 Gaming companies in the Retail sector

  • Introductory in-person consultation, scheduled at your convenience; learn more about how to link FarSight scores with your valuation process, and get up-to-date answers to specifics on each company under coverage.