Saturday, September 26, 2020

Tag: Sun International

Sun International re-opens casinos

Sun International reopens casinos
Despite having to comply with strict measures to combat the coronavirus pandemic including a 50 percent capacity limit, an alcohol ban and a 9pm curfew, South Africa’s casinos were able to resume operations from late-June, with Sun International executive Graham Wood reporting the company was “trading at about 50 to 60 percent of prior year levels” in the first couple of weeks following reopening.

Sun International reports full year growth, coronavirus impact uncertain

Sun International financials
Sun International’s total income was up by four percent in 2019, however with the firm forced to temporarily close its properties in South Africa and LatAm, it’s still unclear what the full impact of the coronavirus pandemic will be on the company’s bottom line this year.

Veteran hotel and casino magnate Sol Kerzner dies

Sol Kerzner Orbituary
Characterised as “a visionary pioneer”, Sol Kerzner helped define integrated destination resorts, first with Sun City in South Africa and subsequently with Atlantis resorts around the world.

Africa locked down from Cape Angela to Cape Agulhas

Africa lockdown
With Sun International and Tsogo Sun both shutdown in South Africa, and sportsbetting in the eastern part of the continent decimated by a lack of events, not an inch of Africa’s gaming industry will survive the 2020 Coronavirus outbreak unscathed.

Sun Dreams and Marina del Sol merger on hold

Sun Dreams Merger shelved
Sun International’s proposed merger of its Chile-based subsidiary Sun Dreams with the gaming assets of Marina del Sol has been shelved after the two companies were unable to come to an agreement.

Sun rises in the West as South Africa glooms

Sun Rises South Africa Sun International
South Africa continues to be a struggle for Sun International despite a few star performers, while to the west South America has offered the operator room..

Sun International names new GM for Wild Coast Sun resort

Sun International appoint Peter Tshidi GM
Sun International has announced the appointment of Peter Tshidi as the new general manager of its South African resort Wild Coast Sun

Western Cape casinos draw battle lines over free plays

Western Cape Gambling Board South Africa
The operators behind two of the Western Cape’s largest casinos are currently embroiled in a legal battle over the taxation of free-to-play promotions

Sun International feels force of market difficulties and regulatory upheaval but hope for progress remains

Sun International, progress, south africa, debt, tax
Difficult trading conditions and an uncertain regulatory future in South Africa have taken their toll on Sun International’s interim results but hope prevails for a positive resolution to both. When South African casino giants Sun International announced that it would be closing loss making properties and streamlining its portfolio amidst rising debts earlier this year it was the first indication...

Sun edges towards setting in Nigeria

ICR 189 AFRICA NIGERIA
Sun International is moving ever closer to pulling its operations from Nigeria as an investigation into a regional shareholder dispute appears to be coming to an end. The dispute over operations in Nigeria has roots in 2006 when Sun purchased a 49 percent stake in the Tourist Company of Nigeria (TCN), an acquisition that has since been disputed by fellow...

Sun International responds to negative reports

Sun City Resort
Sun International has responded to comments made by members of the national parliament that on of its venues was in line to face a 30 percent drop in bookings as a result of a declining regional trade. A parliamentary committee reported that the Sun City resort…

Sun International’s first female Gaming Manager on challenging the status-quo

ICE Africa Sun International
From the world of casinos, Elmarie van Wyk, Gaming Manager at Sun International’s Flamingo Casino discusses her inspiring success in a previously male-dominated industry and why it’s important to embrace new methods in the face of modern challenges...

South Africa tackles debt amid new optimism

Johannesburg, South Africa
Much in line with the economic roadmap of the country itself, South Africa’s two largest gaming operators - Tsogo Sun and Sun International - are seeking to tackle rising debt levels in order to best position themselves ahead of future prosperity. The largest hotel and casino operator in South Africa Tsogo Sun saw a period of concentrated growth in the...

Sun International sharpens scissors for Time Square

Casino Review - Sun International Time Square
Sun International builds towards its Time Square opening which the company is claiming will be its flagship operation.   As Sun International prepares to open the doors to its latest iteration, management will be hoping it fares better than other ventures in recent years. Having been hampered by poor gaming food and beverage sales, the firm is resting on the prospects for...

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 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...

Abandon ship: Sun to up-sticks in Nigeria

Casino Review Africa Sun International
A host of environmental and operational challenges in Nigeria have convinced the board of Sun International to dispose of its share in the Federal Palace Hotel & Casino in Lagos.   In its latest full-year financial statement, Sun International has announced that it is to withdraw entirely from the Nigerian market. Sun owns a 49 per cent stake in the Tourist Company...

Sun pays Peermont E38.5m as merger deal rejected

Sun International Peermont
Sun International has settled a legal dispute with rival African casino and hotel firm Peermont Global, after hopes of a merger agreement between the companies were dashed by South Africa’s competition authority.   Sun International has agreed to pay a multi-million dollar fee to fellow South African hotel and casino operator Peermont Global, after its bid to acquire the company was...

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...

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