The casino operator and gaming group expects the recovery from Covid-19 to be slow
Hotels and gaming group Sun International intends to cut about 1,800 staff at its hotels and sell land as it braces for a slow recovery in the wake of Covid-19.
The group expects alcohol sales to remain restricted and is prepared to switch off every second slot machine to ensure social distancing, planning significant restructuring of its hotels and resorts in anticipation that they will be under pressure for some time. Sun International plans to sell its says is “surplus to requirements,” which could net it about R380m, and also renegotiated debt terms with lenders.
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