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Phumelela results boosted by increased demand for South African horse racing

25th April 2017 6:49 am GMT

Johannesburg-listed Phumelela Gaming and Leisure has reported a 4 per cent increase in group income to R819.1m (€58m) for the six month period ended January 31st, following growth in its international business as a result of increased demand for South African thoroughbred horseracing.

The racecourse owner and betting operator benefited from a 37 per cent increase in international gross income to R173.6m, which helped to offset a 2 per cent drop in [...]

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