Chanticleer Holdings Durban South Africa Hooters Awarded Gaming License
January 03 2019 - 8:30AM
Chanticleer Holdings, Inc. (NASDAQ:
BURG)
(“Chanticleer” or the “Company”), owner, operator, and franchisor
of multiple nationally recognized restaurant brands today announced
that it has been awarded a gaming license for its Durban South
Africa Hooters location.
Two gaming machines were successfully installed in December and
are now live and contributing to revenues. The Company expects
three additional machines to be fully installed and live in January
bringing the total gaming machines to five for this location. The
Company anticipates being awarded additional licenses for its other
South Africa locations, excluding its Emperor’s Palace Casino
location.
Mike Pruitt, Chanticleer Holdings Chief Executive Officer
stated, “We are pleased to have been awarded a gaming license on
the heels of a nearly yearlong process now allowing for the
installation of gaming machines in our Durban Hooters location. We
believe this license has the potential to pave the way to adding
gaming to our remaining South Africa locations providing a strong
and complementary new revenue vertical. Durban is our original
flagship location and houses our South Africa corporate office.
Chanticleer owns and operates five Hooters restaurants in South
Africa, one in Durban, three in Johannesburg and one in
Pretoria.
About Chanticleer Holdings, Inc.
Headquartered in Charlotte, NC, Chanticleer Holdings owns,
operates, and franchises fast, casual, and full-service restaurant
brands, including American Burger Company, BGR – Burgers Grilled
Right, Little Big Burger, Just Fresh, and Hooters. For more
information, please visit:
www.chanticleerholdings.com.
Forward-Looking Statements:
Any statements that are not historical facts contained in this
release are “forward-looking statements” as that term is defined
under the Private Securities Litigation Reform Act of 1995 (PSLRA),
which statements may be identified by words such as “expects,”
“plans,” “projects,” “will,” “may,” “anticipates,” “believes,”
“should,” “intends,” “estimates,” and other words of similar
meaning. Such forward-looking statements are based on current
expectations, involve known and unknown risks, a reliance on third
parties for information, transactions or orders that may be
cancelled, and other factors that may cause our actual results,
performance or achievements, or developments in our industry, to
differ materially from the anticipated results, performance or
achievements expressed or implied by such forward-looking
statements. Factors that could cause actual results to differ
materially from anticipated results include risks and uncertainties
related to the fluctuation of global economic conditions, the
performance of management and our employees, our ability to obtain
financing or required licenses, competition, general economic
conditions and other factors that are detailed in our periodic
reports and on documents we file from time to time with the
Securities and Exchange Commission. The forward-looking statements
contained in this press release speak only as of the date the
statements were made, and the companies do not undertake any
obligation to update forward-looking statements. We intend that all
forward-looking statements be subject to the safe-harbor provisions
of the PSLRA.
Contact Information:
Investor Relations Jason Assad
678-570-6791Ja@chanticleerholdings.com
Chanticleer (NASDAQ:BURG)
Historical Stock Chart
From Jun 2024 to Jul 2024
Chanticleer (NASDAQ:BURG)
Historical Stock Chart
From Jul 2023 to Jul 2024