Sol Kerzner is not retiring, even though the 78-year-old hotel magnate has sold out of the group that made him a global powerhouse and spawned some of the world's best-recognised hospitality brands.
Sun International reports a 20% decline in diluted HEPS to 325c for the 6 months ended December 2013 from 408c a year ago.
Gaming giant Sun International could foot a large development bill, equivalent to roughly a quarter of its market capitalisation, if it's allowed to move its Morula Sun casino operation from its location outside Mabopane to the more vibrant surrounds of Menlyn in Tshwane.
Sun International is still battling to tweak a profit from its five star Table Bay Hotel at the Victoria & Alfred Waterfront.
Sun International plans to create a new R3bn urban entertainment destination at Menlyn in Tshwane's eastern suburbs.
The sudden resignation of a CEO would normally rattle investors, but Sun International shareholders don’t seem overly worried that David Coutts Trotter has taken his chips off the boardroom table.
Sun International has entered into a 20-year lease agreement with the Cavaleros Group for the lease of the Grayston Hotel, a landmark Sandton property.
A steadily improving revenue stream from Sun International’s new Monticello Casino in Chile has saved the hotel and gaming group from what would have been a torrid quarter to the end of September.
Hotels and casinos firm Sun International is pleased with the recently opened casino in Chile.
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