Tag Archives: Sun International
South Africa – Sun International to buy Peermont Holdings for R7.3bn
Sun International has announced plans to buy rival South African casino operator Peermont Holdings for R7.3bn (€363m) in a deal that will include 11 properties located across South Africa and Botswana, including Emperors Palace Hotel Casino Convention in Gauteng and the online sportsbook, PalaceBet. Sun stated that the proposal offered a ‘unique opportunity to acquire…
South Africa – Sun International poised for more growth following post-pandemic rebound
Sun International has released its full-year results, showing strong growth in revenue and adjusted EBITDA and a significant reduction in group debt with SunBet now operating at a record high. For the year ended December 31, 2022, Sun revealed that due to consumers going out more and gambling more, adjusted headline earnings increased from R110m…
South Africa – Sun International to take iconic Wild Coast Sun resort into a new era
Wild Coast Sun in Port Edward on the south coast of KwaZulu-Natal in South Africa is celebrating 40 years of glorious hospitality, but the best is yet to come, if General Manager Peter Tshidi’s ambitious plans are anything to go by. Four decades after opening doors, Sun International’s iconic Wild Coast Sun resort, the all-year…
South Africa – Evolution powers online live games for SunBet in South Africa
Evolution has gone live in South Africa with online gaming services for SunBet, the online betting arm of Sun International Hotel and Casino Group, through an agreement with Bede Gaming. The SunBet online Sportsbook, which now includes a comprehensive line up of Evolution online live dealer games, tables and game shows, recently went live to…
South Africa- Sun reduces first half loss as casinos increase by 61 per cent
Sun International delivered what it said was a ‘credible result for the half year ended 30 June 2021, demonstrating the benefits of achieved cost savings, efficiencies and continued deleveraging,’ reporting a loss of R59m for the period. Whilst down impressively from the loss of R1.4bn reported for the the same period in 2020, the group’s…
South Africa – Wild Coast Sun back to paying out jackpots following COVID-closures
Having just reopened after being closed by COVID, Wild Coast Sun, the sea-view jewel in Sun International’s crown, minted 24 new winners during June. This is in addition to the 43 people who were made richer by trying their luck at the casino in April and May. In June, the winners scored on games such…
South Africa – Sun casts light on the cost of COVID in South Africa
South African casino and hotel group Sun International has detailed the affect the COVID-19 pandemic has had on its business for the year ended December 2020, with group adjusted headline earnings falling from R763m to a loss of R1.1bn. As a result, the group has permanently closed the Naledi Sun in Bloemfontein and is looking…
South Africa – Sun International’s gaming revenues improving but hotels lagging
October saw South African operator Sun International generating 76 per cent of the gaming revenue that it took in October last year, although its hotel and F&B revenue was only at 39 per cent. The company’s online sports betting offering experienced an increase of 122 per cent compared to last year’s October earnings with Sun…
Chile – Pacifico agrees to buy Sun International’s entire stake in Sun Dreams
Chile’s Nueva Inversiones Pacifico Sur Limitada has reached a settlement with Latin American casino operator Sun Dreams and will now buy the entire stake held by Sun International’s subsidiary, Sun Latam. Pacifico has agreed to buy a 64.94 per cent stake in casino operator Sun Dreams for $160m from South African partner Sun International to…
