Sun City, online gaming help Sun International book some records
A surge in new customers and a recovery in domestic tourism has seen Sun International report record full-year profit at both its online sports betting and gaming business as well as its iconic Sun City resort.
The company, which also owns hotels such as Table Bay in Cape Town and Maslow in Sandton, said on Monday that total income rose 7% to R12.1 billion to end-December, while adjusted core profit grew 2.4% to R3.4 billion. Its regional casino businesses felt pressure from challenging local conditions and load shedding weighed on its slots business, but the company, valued at about R10 billion on the JSE, upped its dividend 6.7% to R3.51, a R920 million payout.
Sun International reported that online gaming business SunBet had exceeded its five-year targets, with overall income more than doubling to R733 million and record adjusted core earnings of R221 million being reported. It noted that"active players continued to grow with additional games being offered and the overall player experience being enhanced".South Africans need to be in the know if we want to create a prosperous future.
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sun City owner flags 'exceptional year'; Tesla ditches auto lobby down underBusiness brief | Sun City owner flags 'exceptional year'; Tesla ditches auto lobby down under
Read more »
Sun City owner hit by 400% hike in load shedding billsSun International recorded a decent rise in earnings in 2023 – which would have been higher if not for the worst levels of load shedding on record.
Read more »
Where, what time to watch Springboks’ Chasing the Sun 2Here are all the details to note as the Springboks' Chasing the Sun 2 documentary airs its first episode this Sunday.
Read more »
Carte Blanche: Chasing the Sun 2Carte Blanche delves into 'Chasing the Sun 2,' a captivating documentary produced by Supersport, which documents the journey of the Springboks towards the World Cup victory.
Read more »
When It Comes To Protecting Your Skin In The SA Sun, Sunscreen Isn’t An OptionSouth African and global news updates with a twist. 2oceansvibe is South Africa’s biggest solely owned online news platform with local and world news updates.
Read more »
Inaugural AlUla Future Culture Summit in Saudi Arabia to celebrate international arts, cultureInaugural AlUla Future Culture Summit in Saudi Arabia to celebrate international arts, culture
Read more »