Phumelela Gaming and Leisure: Barry Mcloughlin

Barry Kenneth McLoughlin has been Chief Financial Officer of Phumelela Gaming and Leisure since July 2010.

Barry Mcloughlin was appointed CFO of Phumelela Gaming in July 2010. Prior to this, he worked as a Project Accountant at Zurich insurance from 2006 to 2010. Barry also worked as a Group Financial Manager at Business Connexion for nine years. Before this he worked at Coopers and Lybrand for 18 years, leaving the firm as a Partner. He has a B.Acc from the University of the Witwatersrand and he is a CA (SA).

2010 – Present    CFO, Phumelela Gaming & Leisure Limited
2006 – 2010         Project Accountant, Zurich Insurance
1994 – 2005         Group financial manager, Business Connexion Ltd
1976 – 1994         Departed as Partner Coopers and Lybrand 

                                CA (SA)
1977 – 1983         B.Acc, WITS

About Phumelela Gaming: Phumelela Gaming and Leisure Limited is a JSE-listed, level 2 B-BBEE business, which is licensed to operate horseracing and totalisator betting in seven of South Africa’s nine provinces. Phumelela is based at Turffontein Racecourse in Johannesburg and operates four racecourses, five training centres, over 200 tote outlets comprising nearly 150 branches and about 60 agencies, a telephone-betting centre and online tote betting sites. Phumelela also manages two racecourses, training centres, tote outlets and a telephone betting-centre in the Western Cape.

Phumelela’s main shareholder, the Thoroughbred Horseracing Trust (35% shareholder), is a not-for-profit entity. The principal objective of the Trust is to “promote the interest of all persons interested in, and affected by, the sport of thoroughbred horseracing in South Africa with a view to the long-term viability of the sport”.

Phumelela’s wholly owned subsidiary Betting World, a corporate fixed-odds operator, has nearly 70 retail outlets and an online betting site and telephone betting centre.

There is also an international division Phumelela International.

Revenue for the year ended 31 July 2017 was R1.5 billion.