CasinoCityTimes.com

Gurus
News
Newsletter
Search News Subscribe
Stay informed with the
NEW Casino City Times newsletter!
Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter!
Related Links
 

Family Trust Wants Courts to Decide Casino Shares Case

20 August 2004

CAPE TOWN, South Africa – As reported by the South African Business Report: "A family trust has asked the Cape high court to find in its favour that it had shares in the Pinnacle Point Casino (PPC) in Mossel Bay, and that the Pinnacle Point Resort and a Cape Town businessman should pay it R3.9 million (US$593,835) after the shares had been sold.

"Andre and Francois Bruyns, the trustees of the Bruyns Family Trust, have brought the action against David McCay, of Constantia Uitsig Trust, Invicta Bearings, Pinnacle Point Holdings, Pinnacle Point Resorts and Garden Route Casino, now known as Pinnacle Point Casino.

"…Bruyns said the trust was entitled to a court order that it was entitled to 5 percent of the shares in Pinnacle Point Resorts, 4 percent of the shares in the casino and that McCay, Invicta and Holdings should pay it R3.9 million in respect of the 5 percent of the shares held in the resort company…"

< Gaming News