Time Square for Menlyn Maine
The hotel and gaming group said it had made an application to the Gauteng Gambling Board to amend its Morula casino licence to relocate its casino from Mabopane to Menlyn in order to deliver the full potential of this licence to the City of Tshwane and the Gauteng province.
Sun International's chief executive Graeme Stephens said that Morula Casino and Hotel had for some time experienced a significant decline in revenues because of its relatively inaccessible location and the growth of non-casino gambling activities in its catchment area.
In the Menlyn area a new large scale mixed-use "Green City" project is currently under development‚ known as Menlyn Maine.
The project will cost R8bn to develop and include‚ 315‚000m2 precinct. So far buildings worth about R825m have beenc ompleted or are under construction.
Menlyn Maine will have a new shopping mall‚ a high-end residential section‚ an office park‚ hotels and an entertainment node - which is the component that Sun International will provide‚ if it gets the go-ahead to move its casino.
The casino and centre will be known as "Time Square at Menlyn Maine".