Sustainability

 

Sustainability strategy

Since its inception in 1997 GPI has consistently been driven by two passions: to become a profitable and successful enterprise in the gaming and leisure industry, while at the same time uplifting and rewarding its thousands of shareholders. GPI owes its existence to the outcome of a meaningful commitment to empowerment and sustainability. It is now a substantially empowered, black-controlled listed company but it grew from small beginnings. That is why its commitment to triple bottom line reporting is so strong and its economic, social and environmental impact so positive. Indeed, sustainability is central to its vision, mission and business purpose.

The concept of sustainability is central to the investment and operations strategy, a key part of which is the channelling of resources into entities where GPI is able to exercise significant influence to ensure that the underlying investments focus on excellence with respect to the triple bottom line.

GPI is able to encourage its underlying investments and operations to grow in a sustainable manner, mindful of the interests of all its stakeholders as it firmly believes that, over the long term, shareholder value will be optimised through this focus on sustainability.

GPI’s most significant investment, SunWest, has built up an enviable track record in terms of its focus on sustainability, as has our Grandslots operations and Kingdomslots operations. GrandWest’s CSI has become increasingly prominent in the social investment landscape of Cape Town and boasts numerous CSI projects and achievements in its portfolio. GrandWest,Grandslots and Kingdomslots allocate a portion of their profits for reinvesting as part of their commitment to uplifting the communities they serve.

As GPI develops as an operating company in its own right, it too will contribute to community development and ensure that all its activities are undertaken in a sustainable manner.

Social investments

It is incumbent of licensed gaming operators, as a condition to being granted a licence, to provide for social upliftment and the promotion of responsible gambling within any given affected community. GPI’s most .important investment, SunWest, has built up an enviable track record in terms of its focus on sustainability, as has Golden Valley as well as our LPM operations. They all allocate a substantial percentage of their profits to corporate social investment and the uplifting of the communities within which they operate.

SunWest

GrandWest’s Corporate Social Investment contribution has become increasingly prominent in the social investment landscape of Cape Town and the operation boasts numerous CSI projects and achievements in its portfolio. GPI can take much of the credit for SunWest’s achievements in this regard through its representation on the SunWest board and the role of Western Cape Manco, which is jointly controlled by GPI and Sun International. Western Cape Manco is responsible for the management of SunWest’s empowerment policy, which covers all aspects of empowerment including community empowerment, shareholder empowerment, procurement empowerment and, importantly, employee empowerment.

Gaming and leisure investments

GPIs gaming and leisure investments, namely GrandWest Casino, The Table Bay Hotel and Golden Valley Casino invest in a wide range of social beneficiaries encompassing the sectors of health, HIV and tuberculosis, housing, education and enterprise development. Funding is granted to registered non-profit organisations and/or registered charitable trusts and individuals. In addition to the above criteria, beneficiaries should have a management board in place, audited financial results and have been in existence for at least two years.

Gaming and leisure operations

Our LPM Slots operations are all committed to allocating at least 5% of pre-tax profits towards social investment.