South African limited payout machine operator Grand Parade Investments recorded a 19.2 per cent increase in slots gross gaming revenue in the second half of last year.

Grand Parade Investments

The company, which acquired two additional route operator licences in 2013, announced its unaudited results for the period, which included a 36 per cent increase in total group revenue to ZAR328m (£18m).

GPI now owns and operates five LPM gaming licences in South Africa – Hot Slots, Grandslots, Kingdomslots, Grand Gaming Mpumalanga and Grand Gaming Gauteng. It has access to a possible 5,000 machines as a result.

Total GGR for the six-month period was nearly ZAR280m.

The company said it continues to explore further LPM expansion opportunities in both South Africa and abroad.