Business model - Galaxy Bingo and VSlots limited payout machines
Galaxy Bingo Tzaneenbelongs to the company Bingo Vision; this gaming establishment inaugurated on Friday, April 6, 2018 is freshly new. It is located in Limpopo, a province of South Africa. More exactly, his address is: Danie Joubert St in Tzaneen. The casino has a privileged location and assures a private and secure car park to its customer. Galaxy Bingo Tzaneen offers 200 electronic gaming machines that feature a combination of electronic bingo and video slots played simultaneously. Players can also enjoy playing live bingo. The bingo hall is open daily from 10:00 am till late. Galaxy Bingo is owned by a company called Cozy Games Management Limited. They're based on the Isle of Man and are licensed and regulated by the Isle of Man Gambling Commission. At Galaxy Bingo you will find over 35 games to be played, primarily slots and scratch games. Aug 21, 2016 While Galaxy Bingo was slightly slow to develop a mobile casino platform for their site, it has finally arrived. Essentially they have focused on providing a solid platform allowing you to take all the classic ways you can play with you on the move.
Footprint
| as at 31 March 2019 | as at 31 March 2019 | |||||||
| Galaxy EBT sites | Galaxy Casino site | Galaxy ISO site | Galaxy gaming win contribution % | VSlots sites | VSlots machines | VSlots gaming win contribution % | ||
| Gauteng | 4 | – | – | 36 | 146 | 693 | 9 | |
| Eastern Cape | 6 | – | – | 25 | 102 | 895 | 13 | |
| Western Cape | – | – | – | – | 194 | 895 | 27 | |
| KwaZulu-Natal | 4(2) | – | – | 11 | 244 | 1 086 | 19 | |
| Limpopo | 3(3) | – | – | 10 | 143 | 857 | 13 | |
| Mpumalanga | 2 | – | 1 | 7 | 117 | 589 | 9 | |
| North West | 2 | – | – | 7 | 79 | 534 | 4 | |
| Free State | – | – | – | – | 90 | 374 | 4 | |
| Northern Cape | – | –(4) | – | 3 | 29 | 135 | 1 | |
| Total 2019 | 21 | 1 | 1 | 100 | 1 144 | 6 058 | 100 | |
| Total 2018 | 20 | – | 1 | 1 113 | 5 894 | |||
| Group revenue contribution % | Group Ebitdar contribution % | |
| Total 2019 | 15 | 12 |
| Total 2018 | 4(1) | 5(1) |
| (1) | Group revenue and Ebitdar contribution included from 20 November 2017 |
| (2) | Operating as a bingo site and includes LPMs |
| (3) | A bingo site was opened in Tzaneen during April 2018 |
| (4) | The acquisition of the Grand Oasis Casino in Kuruman was subject to the approval of the Northern Cape Gambling Board and was not included at 31 March 2018. Approval was received and the casino acquired on 15 June 2018 |
Key features
Galaxy Bingo
Galaxy offers bingo through EBTs and operates the Grand Oasis Casino located in Kuruman, Northern Cape. During each of the 2017 and 2018 financial years four new bingo sites opened with one site opening during the 2019 financial year in Tzaneen during April 2018. As at 31 March 2019, Galaxy operated and managed 23 sites including 17 bingo sites with EBTs, four sites with EBTs and LPMs, one ISO with 40 LPMs and one casino. Machines under management include 3 507 EBTs (2018: 2 900), 200 LPMs (2018: 200) and 162 casino gaming positions (2018: 154). During the year electronic bingo was rolled out at the four KwaZulu-Natal sites that previously offered LPMs and paper bingo. Post-year end, during April 2019, an additional site with EBTs and LPMs opened in Pinetown.
There are an additional two licences in KwaZulu-Natal that are not yet operational. Numerous court cases that may impact the bingo licences in KwaZulu-Natal, Eastern Cape and North West remain pending.
Magic mirror slots. Bingo games for real money. Empowerment shareholding is at a site level which provides access to the licences and the group holds interests of between 29% and 100% in each site and runs the operations of all sites.
Galaxy Bingo Casino No Deposit
The bingo sites and the associated food and beverage outlets operate mainly in leased premises at shopping centres.
The majority of the EBTs are leased and these are being replaced with owned machines where appropriate. The best online roulette casino.
VSlots
Galaxy Bingo Casino Poker
VSlots offers LPM gaming services and manages 6 058 (2018: 5 894) LPMs at 1 144 sites (2018: 1 113) throughout all the provinces of the country. The sites are located in pubs, bars, clubs, hotels, taverns and bookmakers and the group provides the sites with access to LPMs with a full support structure. The sites are monitored by a national central electronic monitoring system to maintain a well-regulated gaming industry for site owners and their customers.
Gravy Train Bingo
Growth is achieved through the roll out of additional sites and the optimisation of existing sites in terms of location and product mix. There are significant barriers to entry, including the stringent requirements and time delays in obtaining the necessary licences and a limited number of licences are available for each province.