Bookmakers license sells for R1,9m..?????

Told that a license sells for R1,9m?

Strange, where is the fundamental value?
Sounds more like a George Sorros transaction......DOT COM.....DOT BOM....DOT GONE.....
What do you buy for R1,9m?
The building...?
surely not the PC's...
Surely not the Punters...

Given the price of R1,9m, it is understandable that the Gambling board is going to issue +300 BEE licenses for FREE..
You think the new BEE bookmakers can sell the +300 BEE licenses for R1,9m each...then its time to pull a coup...????


lol, we will buy the licenses again for R5k within 2 to 3 years..
never have been a good business and will never be...
William HILL have +2300 outlets...making GBP 37.40 per day....

Buy a coffee shop for R1,9m (building included)...bank guaranteed R50k pm...have free food, and very little risk...
Genoa Italy Euro 230k - groundfloor shop and 3 bed 2 bathroom upstairs...eat for free, stay for free and bank Euro 5000 pm
RSA EAST and WEST COAST you could buy the same for R1,9m

Should have held on, sold to Marlon for 50k................and at the time could not wait to escape from Bosman St.

Deja Vu? and why all the fascination with William Hill,they are a piss poor company that care more about Roulette Machines than they do being Bookmakers

Guess it would turn the same way in RSA in time to come?

Hi Andre... are you a computer programmer/software fundi???.. i have an idea and looking for someone who has knowledge about software etc

yes I started as an IBM Assembler programmer in 1979...can still program in +20 languages...
But my Family members are much younger,faster, better than me now...
I still do the design, they do the work..I hear about the money...but only see it via the window (all in trust fund)

My family wrote SIMS (Share Incentive Management), run by +800 companies in RSA..banks, Mines, Insurance etc..
Sold to Investec in RSA, KILIKOR in UK and also AUS..

If you have an Idea, get my email from Dave and then we do business...

Thanks Andre.... will pass on the idea to see if its viable firstly

Thats nonsense. Licences are cheap (unless its a phenomenal cash business you buying). There are probity fees and guarantees that need to be paid, but apart from that licences are dirt cheap.

R200K at GOBA for Gauteng Guarantees..
R0k at the Gambling board for GUARANTEES..

TV's you rent from Teljoy..
PC are a dime a dozen...
Turfsport you rent per station
Tellytrack fees...
Tote R20K deposit per machine...and from 2% to 4% kickback on turnover (4% on R2m pm)
Slot Machines are on a 40/60 basis on 5 year basis..

Average soccer bet is around R12.90 per ticket...????
Gambling board publish annual report..the last I saw...PROFIT
104 Gauteng bookmakers..
2 > R1.5m pa
7 (inclusive of the 2) > R1m pa
Majority < R500k pa

The above income as per the Gambling board does not include rent, elec, wages, TV, Turfsport, Teletrack etc..
On the above figures, we should be buying the bookmakers turkey for xmas...they must be broke...

Punters (cash business cannot be bought)...people buy from people...they can all move in 1 day to another venue once the new owner takes over..

The last GAUTENG BOOKMAKERS LICENSE sold for R1.9m according to Raymond...
Will work if the License is used as a washing machine...
but a straight honest business....never...