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PHUMELELA GAMING & LEISURE LIMITED - Competition Complaint

Release Date: 27/07/2016 09:15
Code(s): PHM     PDF:  
Wrap Text
Competition Complaint

Phumelela Gaming & Leisure Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/016610/06)
Share code: PHM ISIN: ZAE000039269
(“Phumelela”)



COMPETITION COMPLAINT BY THE GAUTENG OFF-COURSE BOOKMAKERS’
ASSOCIATION AND OTHERS AGAINST PHUMELELA, GOLD CIRCLE, KENILWORTH
RACING, TELLYTRACK AND OTHERS



Shareholders are advised that on 20 March 2014, the Gauteng Off-Course Bookmakers’
Association (“GOBA”) and others lodged a complaint with the Competition Commission. The
complaint was lodged against Phumelela, Gold Circle, Kenilworth Racing, Tellytrack and others.
The complainants alleged, inter alia, that the conduct of Tellytrack and its partners (Phumelela,
Gold Circle and Kenilworth Racing) of increasing the subscription fee for bookmakers was not only
excessive, but also with the intent and effect of lessening or preventing competition by 3 rd party
bookmakers in the downstream market. The complainants alleged that the conduct of Tellytrack
and its partners contravenes numerous sections of the Competition Act.

On 22 July 2016, the Competition Commission advised that it had considered the complaint and
decided not to refer any part of it to the Competition Tribunal for determination.

The complainants have 20 business days to refer the complaint to the Tribunal.

From the letters received from the Competition Commission on 15 July 2016 (The KZN
Bookmakers’ Complaint), 20 July 2016 (The Hollywood Complaint) and 22 July 2016 (the GOBA
Complaint) Phumelela concludes that the Competition Commission did not find the Tellytrack
licence fee excessive.

Phumelela wishes to remind all Bookmakers who have not been licensed by Tellytrack to display
its service in their shops and are doing so, that Tellytrack will take all the necessary steps to stop
the infringement of its intellectual property. Such steps include civil as well as criminal
proceedings.


Johannesburg
27 July 2016


Sponsor
Investec Bank Limited

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