Tuesday, August 11, 2020

Tag: South Africa

Tsogo Sun targeting tourism market gap

Casino Review, Tsogo Sun Holdings, South Africa, Marcel Von Aulock,
Casino and hotel operator Tsogo Sun has affirmed its strength in Cape Town, South Africa with the recent launch of two economy hotels as the company hopes to fill a perceived gap in the regional tourism market.   The newly built $51m SunSquare and StayEasy hotels have increased the overall number of rooms operated by the company in the city center...

International support continues to grow with 47 nations represented at the first Gaming Africa

47 gaming africa
Gaming professionals from Brazil to Botswana, Germany to Ghana and Lithuania to Lesotho will be amongst the delegates expected at the inaugural Gaming Africa, Clarion Gaming’s two day conference and learning symposium being held across 24th and 25th October in Johannesburg. Representatives from a total of 47 nations have registered to be part of the free to attend event, including...

Positive signs for South Africa casinos

Casino Review South Africa Rossouw
An official report issued by the South African national gambling board has marked considerable casino growth year-on-year for 2016, highlighting the great gaming potential in the country.   Already standing as a strong market in the face of strict regulation, land based casinos have steadily posted positive results and been a catalyst for continued commercial investment. The latest figures from the gambling...

IAGR sets sights on Johannesburg for 2017 conference

ICR - IAGA Johannesburg IAGR
The International Association of Gaming Regulators (IAGR) has confirmed its 2017 Annual Conference will take place in Johannesburg, South Africa over October 16-19, 2017.   The IAGR has announced the event will explore issues affecting gaming regulators, policymakers and industry executives in gambling markets around the world. The key focus for the conference will be on challenges faced by regulators as they...

Revamped Sun City returns to market after $7m investment

Casino Review Sun City
The Sun City resort has unveiled a new look following extensive modernization.   Sun City resort in South Africa has reopened its doors after $7m in modernising refurbishments. Michael Farr, the group general manager for brand and communications at Sun International, said that while Sun City remains popular, the R1bn investment was necessary to keep its appeal growing. “We’ve put this investment into...

South Africa’s casino industry boosts economy despite recession

Casino Review South Africa Rossouw
The casino industry in South Africa has bucked recent economic downturn according to the latest annual CASA survey.   The 11th annual survey from the Casino Association of South Africa (CASA), released at the beginning of December, showed the South African Receiver of Revenue raking in 36 percent of gross gambling revenues (GGR) during the period under review. That amounted to total...

Tsogo Sun Holdings to increase UK footprint

Casino Review, Tsogo Sun Holdings, South Africa, Marcel Von Aulock,
Despite reporting a flat operating profit for H1, South African hotels, gaming and entertainments firm Tsogo Sun Holdings has stated it intends to purchase additional venues in the UK. At present, the Johannesburg-based firm operates 14 gaming and entertainment destinations in six of South Africa’s provinces including The Ridge Casino, The Caledon Casino Hotel Spa and Montecasino with additional interests...

South Africa’s Sun International looks to Latin American markets

Casino Review, South Africa, Sun International, Latin America, Dreams SA, Graeme Stephens,
Aiming to offset slow growth at home, South African hotel and casino operator Sun International has set its sights on the Latin American markets. The company has already divested its assets in several African countries, pulling out of Nigeria in August to concentrate on its casino businesses in South Africa and Latin America. The gaming group’s merger with Dreams SA in...

Strategy and VIPs drive growth for Sun International

Casino Review Sun International
Whilst economic conditions in South Africa remain sluggish, Sun Internationals continues to defy expectation by way of strategic initiatives and new growth markets.   Financial results from Sun International show that the South African operator enjoyed a revenue increase of 15 per cent in the year ended June 30, to R12.2bn (E780m). The company said that the year saw the conclusion...

South Africa deals another blow for online gambling

iGaming, South African
The South African government has once again rebutted attempts to open up the country’s betting and gaming laws to include online gambling, with the majority of the National Assembly voting to reject the opposition’s Remote Gambling Bill. Geordin Hill-Lewis, the Democratic Alliance (DA) MP who authored the bill, has been grappling with the ruling African National Congress (ANC) for years...

Line in the sand: South Africa rules against online gaming

Online South Africa
The South African government has drawn a line in the sand with regards to any potential opening of the country’s online gambling market. The Department of Trade and Industry (DTI) published its National Gambling Policy last month, which resolutely stated that “no new forms of gambling will be allowed at this point”. Elucidating on its position, the department claimed that it...

WPT National Championship returns to Emperors Palace

WPT Shaun Naidoo
Africa’s poker players and lovers of high stakes had an opportunity to up the ante at the latest edition of the World Poker Tour (WPT) National Championship, which was hosted for the fourth time at the Peermont group’s Emperors Palace casino in Johannesburg from April 8-17. During 10 days of intense tournament action, a field of professional poker players and...

Africa – Round Up

Africa Kampala Casino EGT
In South Africa, Phumelela Gaming and Leisure, the continent’s biggest horse racing and tote betting company, has reported a 31 percent increase in total profit to ZAR64.97m (E4m). The company’s domestic revenue grew by a large margin (18 per cent), whilst its international takings fared still better – swelling by some 26 per cent. Euro Games Technology (EGT), meanwhile, has...

Tsogo receives approval for Sun International casino stakes

Tsogo sun Grandwest Casino ICR
Sun International and Tsogo Sun, South Africa’s largest hotel and gaming companies, have passed the first hurdle in a casino reshuffle that will see Tsogo acquire a 20 per cent stake in two of its rival’s casinos in the Western Cape.   Tsogo Sun’s plans to acquire Sun International’s 10 per cent stakes in SunWest International and Worcester Casino in the...