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Phumelela highlights Interactive as key component of future strategy

11th October 2016 9:37 am GMT

South African racecourse owner and betting operator Phumelela Gaming & Leisure said it will continue to invest in the expansion of its interactive business, which accounted for nearly a third of all tote bets in its recent financial year.

Within its South African operations, tote betting volumes rose 3 per cent to R3.4bn (€220.3m) for the company's financial year ended July 31st, with bets on horseracing remaining flat at R2.3bn and other sports contributing R1.1bn, up 13 [...]

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