4Racing has received operating licenses from the Gauteng Gambling Board to expand its services in the market. As an operator focused on driving all-round growth, the license enables 4Racing to run Highveld Racing.
These licenses are following the recent changes in the industry by the Gauteng Gambling Board. A great deal of such changes have been in favor of 4Racing. In particular, 4Racing has received licenses held by Phumelela Gaming and Leisure Limited for Race Meeting, Bookmaker, and Totalizator.
In a similar light, the Mpumalanga Economic Regulator and the Eastern Cape Gambling Board had transferred licenses to 4Racing. The same also happened from the Western Cape Gambling and Racing Board, and the Free State Gambling, Liquor, and Tourism Authority. These licenses confer different gambling operations on 4Racing to improve horse racing gambling standards.
4Racing’s Chief Executive Officer, Fundi Sithebe recognized the enormous tasks with the licenses. She stated that “The transfer of the operating licenses from the Gauteng Gambling Board to 4Racing is a major step forward for the South African horse racing industry.”
“It allows 4Racing to bring stability to the industry and the over 1000 people currently employed by Phumelela.
“We have been hard at work in preparation for the granting of all licenses we have applied for, and for the completion of the transaction with Phumelela. We will soon share more details of our future vision,” She stressed further.
In line with the rules of the Board, Mxolixi Zwan, Chairperson of 4Racing has vacated office. This shows the commitment of 4Racing to promote due diligence and observe rules of corporate governance.
A New Dawn for the Horse Racing industry
4Racing is a horse racing operator based in South Africa with operations such as Highveld Racing, Cape Racing, and Tab Online. This operator also manages the Mandela Bay racing and Computa Form. Tab Online is a top betting site in South Africa that provides tons of horse racing markets to players.
The COVID-19 pandemic has affected certain physical activities, and horse racing is one of them. But the grants of these licenses to 4Racing could drive growth in the industry through strategic actions. We have a glimpse of this with 4Racing’s management team and the board.
All the members have many years of experience to undertake the leadership required. 4Racing has four pillars: embracing the power of partnerships, drive for transformation, radical transparency, and profiting through purpose.
These principles drive the company towards value and impact to players and the industry. As a result, responsible gambling forms the bedrock of all your activities in any of their sites.