Monday, 23 November 2015 19:44

Hopes for uptick in spending drive Tsogo Sun

Tsogo Sun is still betting big on a consumer spending upturn, investing R1bn on revamping its properties.

Sun International pulls out all the cost- cutting stops to offset tough trading conditions in its SA market but is tripped up by a poor start at its new casino in Panama and foreign exchange losses in Nigeria.

Tsogo Sun and Sun International to persuade the Competition Tribunal to ignore the Competition Commission’s recommendation that their planned Cape market-share agreement be prohibited.

Casino industry will effectively be reduced to two big rollers Tsogo Sun and Sun International.

Sun International Limited acquires 100% of gaming and hospitality company, Peermont Group through its wholly owned subsidiary

Sun International half year headline earnings growth expected between 10 and 15 percent.

Sun International, South Africa's second-largest casino and resort operator, is undergoing significant change after years of underperformance.

Sun International says it expects diluted headline earnings per share for the year ended June 2014 to be 5%-10% lower

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