The Goldrush Gaming Group is the largest, independently owned alternative Gaming Group in South Africa. The group has 4 underlying and separately managed divisions which include Bingo & Casino’s, LPM Route operations, Retail Sports Betting and online gaming. The Group operates throughout South Africa & Lesotho and major shareholders include Johannesburg Stock Exchange (JSE) listed private equity RECM and Calibre Ltd.

About RECM

RECM and Calibre Limited (“RAC”) was established in 2009 as a joint venture between Regarding Capital Management Proprietary Limited (“RECM”) (a fund manager) and Calibre Capital Proprietary Limited (a private equity firm). The listing of the non-cumulative redeemable participating preference shares (JSE share code: “RACP”) was successfully completed in June 2010. RECM and Calibre (RAC) has been set up as a long-term investment company, in the form of a closed-end vehicle, which has access to permanent capital. RECM and Calibre makes long term investments, with the objective of generating high real returns. This is achieved through the acquisition of assets where size, liquidity, regulations or complexity act as a deterrent to most buyers.

Goldrush has the backing to succeed

Being backed by a substantial balance sheet means Goldrush has the backing and resources to tap into almost every facet of gaming. It is this diversification that has made the Group a household name in the gaming and entertainment industry. Goldrush managed to increase total sales by 22% to R1,3bn for the year. This included 9% organic growth of existing operations. The rest was driven by a combination of adding new properties, redevelopment of existing properties, together with an accelerated roll-out of gaming machines and further growth of our sports betting business. Sustainable EBITDAR (the measure used to evaluate the progress of the business) increased by 17%.

RECM & Goldrush look to the future!

When RECM set out on its journey, they said it would aim to invest in great businesses, to partner with great management teams and do that at a good price. So far, Goldrush represents a tangible manifestation in exactly that objective. Goldrush looks forward to years of further growth!

Gbets.co.za – ONE NAtion. ONE Betting Partner