African gambling merger could be good news for Dragonfish deal

The Dragonfish b2b agreement to provide online poker, casino and bingo facilities to Tsogo Sun Gaming could be about to get a major boost from the South African land gambling group’s imminent $2.7 billion merger with competitor Gold Reef City.
TSG’s financial chief Marcel von Aulock confirmed this week that the upcoming merger will not derail any agreements with Dragonfish on the Internet gaming front, in fact quite the contrary.
“This deal will boost our offering from seven to 14 [land] casinos so we and Dragonfish will benefit from a much bigger database of consumers to offer online products to,” he said, adding that the merger would create one of the biggest listed gambling groups in Africa, the Middle East and even Europe.
The size of the merger means that it may take some months to obtain the approval of the authorities and complete the exercise, von Aulock opined.
In addition, the online gambling element will be delayed by the slow progress of online gambling legislation in South Africa.

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