CAPE TOWN - After having made a number of investments and acquisitions in recent years to diversify its global portfolio, We take a look at JSE-listed hotel and gaming group Sun International as a company and how much it costs to get the company on its feet.
Construction value of properties:
Here is a list of the construction values of properties over the past 5 years :
Time Square (R4 billion)
2016 Sun City upgrade (R1 billion)
2017 Sun Meropa Hotel (R75 million)
2013 The Maslow Hotel refurbishment (R250 million)
2012 Boardwalk Hotel, Convention Centre and Spa and casino upgrade (R1 billion)
Sun International owns and operates casinos, hotel and resort properties in South Africa, Nigeria and Latin America. The group’s casino operations contribute the largest share of revenue.
Sun International’s African portfolio includes:
The Sun City resort and The Carousel in the North West
Carnival City and Time Square Casino in Gauteng (the hotel will open in 2018)
GrandWest Casino and The Golden Valley Casino in the Western Cape
The Boardwalk Casino, Wild Coast Sun and The Fish River Sun in the Eastern Cape
Sibaya Casino in Kwa-Zulu Natal
Flamingo Casino in Kimberley
Meropa Casino in Limpopo
Windmill Casino and Naledi Sun in the Free State
The Federal Palace in Nigeria
The Royal Swazi Spa in Swaziland
Premier hotels: The Palace of the Lost City at Sun City, The Table Bay in Cape Town, The Maslow in Johannesburg, and The Boardwalk Hotel in Port Elizabeth.
In South Africa, Sun International has:
13 gaming licenses
10 190 slot machines
329 tables
3 117 hotel beds
381 vacation club units
In Africa, Sun International has:
2 gaming licenses
280 slots
23 tables
497 beds
In 2016 the company merged its assets with the Chile-based Dreams SA, a leader in the region’s gaming and entertainment industry.
The Dreams portfolio has:
Six casinos in Chile (Iquique, Temuco, Valdivia, Puerto Varas, Coyhaique, Punta Arenas)
Four casinos in Peru (all in Lima)
Sun International’s Latin American portfolio includes:
Monticello Grand Casino in Chile
The Ocean Club Casino in Panama
The Sun Nao Casino in Columbia
In Latin America, Sun International has:
13 gaming licenses
17 466 slots
665 tables
4 147 rooms
382 vacation club units