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Sun International optimistic despite casino slump

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Cape Town - Gaming and hospitality company Sun International [JSE:SUI] announced on Monday an increase in revenue of 10.3% to R5.8bn for the six months ended 31 December 2015.

The group has an interest in a total of 27 resorts, hotels and casinos across eight countries. This includes 15 operations in South Africa, two each in Zambia and Lesotho and one each in Botswana, Nigeria, Swaziland, Namibia and near Santiago in Chile. Sun International also opened a casino in Panama in October 2014 and has been granted a casino licence in Colombia.

The group's revenue was boosted by insourced food and beverage revenue and new properties opened in the prior year, while comparable revenue excluding these new businesses increased by 4.6%. The board has declared a gross interim dividend of 90 cents per share compared to 110c per share in 2014.

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