Casino news from http://www.fin24.co.za/
Johannesburg - South African casino and theme park operator Gold Reef Resorts expects its first-half headline earnings per share to rise 25-35%, the company said on Friday.
Gold Reef, which owns Gold Reef City theme park on the edge of Johannesburg, said in a statement results for the six months to end June 2006 are expected to be published on or around August 23.
Headline EPS is the main profit gauge in South Africa and strips out non-trading, capital and certain extraordinary items.
Shares in Gold Reef gained 2.11% to R14.50 by 14:55, while the mid-cap index fell 0.73%.
Like other casino and hotel operators in Africa's biggest economy, Gold Reef has benefited from a consumer spending boom driven by a growing black middle class, low interest rates and sweeping tax cuts.
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