The casino and hotels group has been battered by Covid-19, but is optimistic it can navigate through the pandemic
Hotel and casino group Sun International says the easing of recent lockdown restrictions has resulted in improved trading activity, but it does not expect the recovery to be quick.
Group debt stood at R15.1bn at the end of the Sun International’s six months to end-June — an increase from R13.3bn in December, and well in excess of its R3.3bn market capitalisation. “The Covid-19 pandemic has hit the gaming and hospitality sector particularly hard and forced us to make some tough choices to protect the business and to as far as possible limit the impact on employment,” CEO Anthony Leeming said.
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