South African limited payout machine operator Grand Parade Investments saw gaming revenue jump 17.1 per cent in the 12 months to June 30.
The company, which recently signed a deal with Germany’s Gauselmann Group to develop and manufacture gaming machines for the local market, reported LPM revenue of ZAR463.3m ($45.3m) for the period.
By the end of June, GPI had a 52.8 per cent share of the Western Cape LPM market through its Grandslots brand, a 39.4 per cent share of the KwaZulu-Natal region where it operates as Kingdomslots and 16.5 per cent of the Gauteng market, which it only recently entered under the Grand Gaming: Slots name.
In the Western Cape, revenue rose 12.6 per cent to ZAR281.1m, while in KwaZulu-Natal a 19.8 per cent increase resulted in revenue of ZAR142.8m. In Gauteng, it generated revenue of ZAR39.4m – a 47.6 per cent year-on-year improvement. Last month, the company announced that it would be expanding its LPM footprint with two new route operator licences, one in Gauteng and one in Mpumalanga.
“With these two transactions we are now able to roll out as many as 6,000 LPMs, or double our current allocation,” said CEO Alan Keet. “This brings us significantly closer to achieving our stated objective of acquiring LPM route operator licences for 7,500 machines in the short term.”
