South Africa's Tsogo Sun Gaming says it's "in an advanced stage of entering the online betting industry" as COVID-19 shuts casinos and slots halls.
The company hopes to improve next year by cutting costs and focusing their effort on the elements that are performing well.
Tsogo Sun, a casino operator based out of South Africa, had plans to offload seven of its casino and hotel properties to the Hospitality Property Fund.
Putting the brakes on investments doesn’t mean that Tsogo Sun's plans to halt expansion completely.
Tsogo Sun is playing Moses to its guests by striking a rock and build its own water supply in the face of a tremendous drought that hit the country.
Tsogo Sun’s full-year profit jumped 11 percent on the back of left and right acquisitions, including a controlling stake in Hospitality Property Fund.
South African casino operator Tsogo Sun Holdings to focus on international hotel business after "disappointing" gaming revenue in fiscal H1.
Hotel, gaming and entertainment group Tsogo Sun Holdings is eyeing to be at the center of South Africa’s economic rebound.
South Africa proposes bringing online gambling under the same regulator as lotteries and sports betting; Sun Intl. proposes Pretoria casino
South Africa's Phumelela sees H1 revenues rise on the strength of fixed-odds sports betting operations; Tsogo Sun expands Gauteng casinos