Tag Archives: sun international
- Sun International to acquire four Peruvian gaming operations
October 13, 2017
South African casino and hotel operator Sun International has boosted its Latin American presence by acquiring four gaming operations in Peru. On Friday, Sun International announced that it had entered into a share purchase agreement with Thunderbird Resorts and Casinos Peruanos to acquire the Peruvian companies behind four gaming operations,...
- Sun International targets to rein $1B debt
October 4, 2017
South Africa-based casino operator Sun International is trying to rein in its debt after years of massive investing to diversify its global portfolio. According to Business Report, Sun International's debt was R15.1 billion (US$1.11 billion) at the end of June, an increase of R600 million year-on-year. The company attributed R11.4...
- Sun International increases stake in LatAm’s Sun Dreams entity
May 31, 2017
Sun International has raised its stake in Chilean casino group Sun Dreams as the South African casino and hotel operator zeroes in on the Latin American market. The JSE-listed hotel and casino group announced that its subsidiary, Sun Latam, and fellow stakeholder Nueva Inversiones Pacifico Sur Limitada will buy out...
- Sun International ditches dividend payout after full-year profit falls
March 28, 2017
In a bid to conserve capital, South Africa’s casino and hotel operator Sun International has scrapped its interim dividend as the company reported a drop in its full-year profit. Sun International is scheduled to open the R4.2 billion (US$340 million) Time Square casino in April. Time Square, which is the...
- South Africa’s Sun International eyes Peru, Brazilian market expansion
November 15, 2016
South African gaming and hotel operator Sun International is broadening its horizons, focusing on the Latin American market, to offset slow growth at home. The gaming group’s merger with Dreams SA, which has a portfolio of hotels, casinos and restaurants, in June gave Sun International 55 percent of the merged...
- Sun International CEO Leaves Old Job for SKYCITY
November 7, 2016
South Africa-based casino operator Sun International is bidding goodbye to its chief executive officer Graeme Stephens after accepting a job offer at SKYCITY Entertainment Group in New Zealand. CNBC Africa reported that Stephens is set to leave Sun International at the end of April 2017 after his three year stint...
Sun International to acquire four Peruvian gaming operations
October 13, 2017