Tag Archives: Słońce Tsogo
South Africa – Tsogo Sun reshuffles its pack
South African casino operator Tsogo Sun is reshuffling its pack by selling seven of its casino and hotel businesses to Hospitality Property Fund (HPF) in a shares-and-subscription deal worth R23bn. The deal will see Tsogo Sun own around 87 per cent of the shares in Hospitality Property Fund. The board said the move was in…
South Africa – Tsogo Sun reports drop in earnings due to strategic investments
South African gaming giant Tsogo Sun reported a tough first half of the year with earnings down 10.5 per cent but it remains hopeful that it would be a leading contender if a second Cape Town casino before the end of 2017. The Western Cape government is considering whether one of four provincial casino licences…
Republika Południowej Afryki – Tsogo Sun będzie kontynuować inwestycje pomimo słabej gospodarki
South African hotel, gaming and entertainment group, Tsogo Sun has said it will continue to invest despite its gaming division suffering a setback in its revenue over the last year. Acquisitions have helped drive an eight per cent increase in total income to R13.2bn for South African operator Tsogo Sun. Total revenue for the gaming…
Republika Południowej Afryki – Po płaskiej pierwszej połowie Tsogo Sun skupia się na Wielkiej Brytanii
South Africa’s biggest casino operator Tsogo Sun Holdings, with 14 casinos in six provinces, will expand internationally, most probably in the UK hotel sector, after reporting flat operating profits in the first half of its fiscal year. Tsogo Sun reported revenue of R6.3b (US $445.4m) for the six months ending September 30. This was up…
South Africa – Tsogo back with bid for share in Sunwest
South African operator Tsogo Sun has announced its intention to buy a 20 per cent interest in Sunwest International and Worcester Casino for R1.3bn from Sun International, in the Western Cape. The move comes a year after the competition authorities halted Tsogo Sun’s plans to takeover Sun International. It will allow Sun International to remain…
South Africa – South African operators spike casino deal
The deal that would have seen South African hotel and casino operator Tsogo Sun Holdings buy a minority stake in two casinos operated by rival Sun International has now been cancelled. The R2.1m deal was announced in May 2014 with Tsogo Sun saying it wanted to buy a 40 per cent stake in Sun International’s…
Republika Południowej Afryki – SABMiller pozbędzie się 40% udziałów w Tsogo Sun
Brewing giant SABMiller is to dispose of its shareholding in Tsogo Sun through a combination of an institutional placing and a buy back by Tsogo Sun. The Tsogo Sun Hotel portfolio comprises 90 hotels, with 14,316 rooms, and 14 casinos. On April 15 2014, SABMiller announced that it was conducting a strategic review of its…
Republika Południowej Afryki – Tsogo kupuje udziały w GrandWest i Golden Valley Casino
South African operator Tsogo Holdings has bought 40 per cent equity interest in hotel and casino operator SunWest International and another 40 per cent in Worcester Casino for R2.1bn. SunWest operates the GrandWest Casino, the Table Bay Hotel in Cape Town and holds a minority equity interest in the Cape Town International Convention Centre. GrandWest…
Republika Południowej Afryki – SABMiller rozważa sprzedaż akcji Tsogo Sun
The ownership structure of South African operator Tsogo Sun could be about to change with shareholder SABMiller mulling over a sale of its 40 per cent stake which is valued at over $1bn. The brewer, who is listed on the London Stock Exchange confirmed it was reviewing its options. “There can be no certainty that the…
