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Suncoast, Local Government Locked in Battle

17 January 2006

SOUTH AFRICA – As reported by the Mercury: "Suncoast Casino and the eThekwini Municipality are locked in a legal battle about plans by the casino to cut back on promised investment on its prime Durban beachfront site by more than R115-million.

"The council has accused the casino of reneging on financial pledges it made to secure a temporary casino licence – 'shifting from its stated must-see attraction and focusing only on doing things to enhance profitability'.

"However, the casino - owned by Tsogo Sun KwaZulu-Natal - claims its profits are down and its projections for the next five years indicate that revenues will continue to be an average 24 percent less than expected.

"It also says business has been affected by uShaka Marine World and points to the failure of the Ratanga Junction waterworld project in Cape Town as a reason for not wanting to develop its promised 'high-adrenalin' rides.

"The dispute has been aired in papers before the Durban High Court, where Suncoast took the matter late last year. Suncoast alleged that the council was refusing to consider a town planning application for a proposed two-storey parkade on the casino site…"

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