A major share in the leading gambling operator Goldrush Group in South Africa has been acquired by Zico Capital, part of Agile Capital, which invests in a number of sectors.
The deal represents Agile’s first investment in the gambling industry. Goldrush has licences in most South African provinces, mainly for bingo, sports betting and limited payout machines (LPMs).
“Considering the serious growth potential and capacity Goldrush has to offer, with many machines still waiting to be rolled out under licensing terms across our outlets, we are exceptionally pleased to have concluded these negotiations,” said Mergan Naidoo, Goldrush CEO.
“The transaction will afford the company still greater access to funding to realise our expansion ideals.”
