Tag Archives: sun international
- 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$340 million) Time Square casino in April. Time Square, which is the...
- South Africa’s Sun International eyes Peru, Brazilian market expansion
November 15, 2016
South African gaming and hotel operator Sun International is broadening its horizons, focusing on the Latin American market, to offset slow growth at home. The gaming group’s merger with Dreams SA, which has a portfolio of hotels, casinos and restaurants, in June gave Sun International 55 percent of the merged...
- Sun International CEO Leaves Old Job for SKYCITY
November 7, 2016
South Africa-based casino operator Sun International is bidding goodbye to its chief executive officer Graeme Stephens after accepting a job offer at SKYCITY Entertainment Group in New Zealand. CNBC Africa reported that Stephens is set to leave Sun International at the end of April 2017 after his three year stint...
- Legal costs weigh on Sun International’s profit
August 30, 2016
South Africa-based casino operator Sun International ekes out a 15 percent revenue increase for the full-year ending in June, despite incurring a R503 million (US$ 34.86 million) losses due to purchasing costs and legal settlements. Sun’s overall revenue rose to R12 billion (US$831.56 million) in the year, thanks to its...
- Latin America game regulators greenlight Sun-Dream merger
June 2, 2016
South Africa gaming and leisure giant Sun International Ltd. will soon be able to expand its footprint in Latin America after relevant gambling regulators in the region approved its merger with Chile-based gaming and entertainment firm Dream SA. Business Day reported that the merger of Sun and Dream will pave...
Okada Manila plans to build port for large cruise ships
September 26, 2016
DJI Holdings rebrands as BNN Technology
September 22, 2016