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Tsogo Sun Holdings  // Browsing posts in Tsogo Sun Holdings

18 Jul 2016 Tsogo Sun Holdings

TSOGO WAITS ON SOUTH AFRICA REBOUND WHILE EXPANDING CASINOS

Gaming, hotels operator invests in home market refurbishments CEO says company unlikely to seek international gaming sites Tsogo Sun Holdings Ltd. is positioning itself for an economic rebound in South Africa as the continent’s largest gaming and hotels company upgrades casinos in its core market. While there’s enough gambling space to meet demand at present, […]

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17 Jun 2016 Tsogo Sun Holdings

CHALLENGE TO SUN MERGER REMOVED

SOUTHERN Sun Hotels’ bid to take a controlling share in Hospitality Property Fund (HPF) overcame a challenge on Wednesday unexpectedly when one of the parties opposed to the deal withdrew its application to intervene. Argute Consulting, which is run by Andrew Rogers, the former CEO of HPF, withdrew its application to intervene in the merger […]

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26 May 2016 Tsogo Sun Holdings

TSOGO SUN RALLIES ON INCREASED TOURISM

Johannesburg – Tsogo Sun’s shares leapt 5.75 percent to R26.50 yesterday after the hotels and gambling operator said its annual profit rose 12 percent on increased tourism to South Africa. Headline earnings per share rose 12 percent to 196.5c in the year to March, from 175c a year earlier. The group declared a final dividend […]

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26 May 2016 Tsogo Sun Holdings

TSOGO RIDES CASINO WAVE AT SUNCOAST

RESULTS from Tsogo Sun, the casino and hotels group controlled by empowerment giant Hosken Consolidated Investments (HCI), suggests the tables are turning for the local casino sector. On Wednesday Tsogo, owner of Montecasino in Johannesburg and SunCoast in Durban, reported a stronger second-half showing from its portfolio of casino properties, with revenue up 7% to […]

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25 May 2016 Tsogo Sun Holdings

TSOGO SUN POSTS 12% RISE IN PROFITS

Johannesburg – Africa’s biggest hotels and gambling operator, Tsogo Sun, said a recovery in its home market of South Africa in the last three months helped it achieve a 12 percent rise in full-year profit. The company, which also operates hotels in Nigeria, Kenya and Mozambique, said headline earnings per share (EPS) came in at […]

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25 May 2016 Tsogo Sun Holdings

PAYOUT TO TSOGO SUN SHAREHOLDERS UP 12% PER SHARE

THE payout to shareholders of casino group Tsogo Sun came to 67c per share for the year to end-March, a 12% increase on the previous year. Tsogo Sun reported on Wednesday it grew income by 8% to R12.3bn and after tax profit by 6% to R1.8bn. Nearly 60% of the group’s revenue came from what […]

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16 May 2016 Tsogo Sun Holdings

HOSPITALITY TAKEOVER WINS APPROVAL WITH TERMS

THE takeover of hotel-focused property fund Hospitality by Southern Sun Hotels has been approved by SA’s competition authorities, with conditions. The commission’s concern is that Southern Sun will gain access to competitively sensitive information through the deal in its current form. Hospitality’s shareholders last month voted in favour of a new capital structure and a […]

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26 Apr 2016 Tsogo Sun Holdings

TSOGO SUN GETS NOD FOR SUN INTERNATIONAL CASINO STAKES

SUN International and Tsogo Sun, SA’s largest hotel and gaming companies, have passed the first hurdle in a casino reshuffle that will see Tsogo acquire a 20% stake in two casinos in the Western Cape. Sun International said on Monday that shareholders of its employee trust scheme had approved the transaction, clearing the way for […]

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20 Apr 2016 Tsogo Sun Holdings

HOSPITALITY OFFERS TSOGO REIT BENEFIT

GAMING and leisure group Tsogo Sun is set to gain the income benefits of having a portion of its hotel assets in a real estate investment trust (Reit) structure when it gains control of Hospitality Property Fund. Reits must pay out the greater part of their income to shareholders on a regular basis. Having listed […]

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7 Apr 2016 Tsogo Sun Holdings

HOSPITALITY GREEN LIGHT MOOTED OVER TSOGO SHARE DEAL

According to BusinessDay hospitality Property Fund (HPF)’s shareholders are likely tomorrow to vote in favour of a new capital structure and a share deal that would see it become the hotel arm of gaming and leisure group Tsogo Sun. Hospitality’s A and B share structure, which was developed to offer different risks and rewards to […]

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