Saturday, October 24, 2020

Tag: Tsogo Sun

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.

Tsogo unchained, but still weighed down

Tsogo Sun South Africa
Recently freed from the group’s struggling hotel interests, Tsogo Sun Gaming’s earnings were predicted to surge to new heights in 2019, but higher..

Tsogo Sun sponsors sixth Rise Against Hunger food drive

Tsogo Sun Hunger food drive
Tsogo Sun Hotels sponsored its sixth Rise Against Hunger food packing drive at Sandton Convention Centre this July, packing over 315,000 meal parcels for..

Tsogo Sun employees join community for beachfront clean-up

Tsogo Sun beachfront clean-up
Tsogo Sun employees in Durban joined forces with local residents in May to fight a tide of plastic pollution strewn across the Blue Lagoon beachfront in the wake of severe floods.

Two suns in the sunset: Tsogo splits its hotel and gaming divisions

Tsogo Johannesburg
With a new group CEO starting 1 July and Marcel Von Aulock returning to chair the demerged company, Tsogo Sun is set to push forward with the split of its gaming and hotel businesses in the hope of increasing value for shareholders while taking on South Africa’s challenging economic climate.   Tsogo Sun will list South Africa’s largest hospitality group on...

Tsogo owners ramp up lotto battle

Tsogo Sun lotto battle Ithuba
Hosken Consolidated Investments-the owners of continental casino giants Tsogo Sun-has ramped up its legal battle with the nation’s lottery operator, Ithuba

Tsogo Sun readies Durban opening

Tsogo Sun, Durban
Hotel and casino operator Tsogo Sun is preparing to unveil its fully-redeveloped Suncoast property in Durban, South Africa. The $110m (R1.6bn) investment is the largest single property outlay in the group’s history, according to its COO Glenn Joseph and also one of the largest that has gone Durban’s Golden Mile rejuvenation project. “This investment reflects the confidence we have in Durban...

Tsogo Sun expansion plans derided by locals

Johannesburg-South-Africa
A new casino proposal from Tsogo Sun has caused quite a stir in the Western Cape with local residents voicing opposition to plans. The main point of contrition for those living in and around the Somerset West region is that they have been largely kept in the dark about the opera-tor’s plans and official rezoning applications. Stephen Leppan, chairperson of the...

Tsogo Sun reorganises ahead of new market opportunities

Johannesburg, South Africa
Tsogo Sun has taken the first steps towards a radical portfolio reorganisation at a time when legislative developments in South Africa’s western cape could open up a litany of expansion opportunities. Competing operators however, are less enthused at the prospect. Recent market contractions coupled with consolidation programmes being undertaken by South Africa’s largest operators had seemingly put a pin in...

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...

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...

Mozambique aims to develop casino sector

Caldeira
Despite its impressive economic growth rates, Mozambique remains one of the most underdeveloped nations in the world, however revenue from the country's expanding casino sector could support further development. Jose Manuel Caldeira, Senior Partner at Sal & Caldeira Advogados, gives his perspective on what help Mozambique's gaming industry needs to grow. Earlier this year Mozambique’s government passed the Gaming and...

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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