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Tsogo Sun Holdings  // Browsing posts in Tsogo Sun Holdings

21 Nov 2015 Tsogo Sun Holdings

A PIECE OF PARADISE ON THE VAAL

I recall visiting another resort in the Vaal a few years ago and thinking it was at the ends of the earth. When I drove to Tsogo Sun’s Riverside Hotel a few weeks ago to check out their R50m refurbishment after the hotel reopened its doors to the public two months ago, I was surprised […]

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20 Nov 2015 Tsogo Sun Holdings

GOLD REEF CITY REVAMP

Gold Reef City casino and its theme park have been revamped and expanded into a world-class entertainment destination. Tsogo Sun, the listed hotel and casino operator celebrated the refurbishment with Jozi’s celebrities, key media, and leaders of the gaming and hospitality industry. Actress Nomzamo Mbatha, radio personality Bob Mabena, Lorna Maseko and Loyiso Bala were […]

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20 Nov 2015 Tsogo Sun Holdings

FUN PARK FIGHTS FOR ITS FUTURE

Glitz and glam were the order of the night at the unveiling of Gold Reef City’s $32 million refurbishment. This is part of the $72 million that gaming and hotel giant, Tsogo Sun, set aside for revamping its properties. Tsogo Sun took over Gold Reef City in 2011. Tsogo Sun’s CEO, Marcel Von Aulock, expects […]

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20 Nov 2015 Tsogo Sun Holdings

HOPES FOR UPTICK IN SPENDING DRIVE TSOGO SUN

GAMING and hotel giant Tsogo Sun is still betting big on a consumer spending upturn, investing R1bn on revamping its properties and on new opportunities in the half-year to end-September. Tsogo reported on Thursday a 7% increase in turnover to R5.9bn with adjusted headline earnings coming in 9% higher at 88c per share. The interim […]

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19 Nov 2015 Tsogo Sun Holdings

TSOGO SUN SAYS VISA REGULATIONS TOOK TOLL ON GROWTH

TSOGO Sun, Africa’s biggest hotel and gambling group, said on Thursday that its interim results reflected continued pressure on consumers as a result of macroeconomic environment and weak sentiment. It said in SA, the hotel industry continued to experience a subdued recovery due to both depressed demand and oversupply. “Overall industry occupancies have improved marginally […]

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19 Nov 2015 Tsogo Sun Holdings

SOUTH AFRICA’S TSOGO SUN POSTS EARNINGS RISE BUT WARNS ON OUTLOOK

JOHANNESBURG Nov 19 (Reuters) – Tsogo Sun Holdings Ltd , Africa’s biggest hotels and gambling operator reported a 9 percent rise in adjusted headline earnings per share for the six months ended Sept. but warned business was under pressure due to a subdued economy. The company paid a dividend of 31 cents and said income […]

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18 Nov 2015 Tsogo Sun Holdings

TSOGO SUN TO SELL HOTEL PROPERTIES

The deal will increase Tsogo’s stake in Hospitality to more than 50% from 27%. JOHANNESBURG – Tsogo Sun, Africa’s biggest hotel and gambling firm, will sell 10 hotel properties to Hospitality Property Fund in exchange for shares, the two companies said on Wednesday. The deal, which is agreed in principle, will increase Tsogo’s stake in […]

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18 Nov 2015 Tsogo Sun Holdings

TSOGO SUN TO SELL HOTELS

Johannesburg – Tsogo Sun, Africa’s biggest hotel and gambling firm, will sell 10 hotel properties to Hospitality Property Fund in exchange for shares, the two companies said on Wednesday. The deal, which is agreed in principle, will increase Tsogo’s stake in Hospitality to more than 50 percent from 27 percent. If the deal is finalised, […]

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14 Sep 2015 Tsogo Sun Holdings

GOLD REEF CITY REVAMP AIMS TO BOOST TOURISM

Johannesburg mayor Parks Tau says the new Tsogo Sun refurbishment and the expansion of Gold Reef City Casino will help boost tourism in the south of Johannesburg. The R600-million project is nearing completion. Gold Reef City features a strong historical aspect with its underground mine, mining village, and the apartheid museum. Tau says it is […]

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13 Sep 2015 Tsogo Sun Holdings

GOLD REEF CITY CASINO REFURBISHMENT NEARLY COMPLETE

Tsogo Sun’s Gold Reef City in Ormonde, Johannesburg, South Africa has nearly completed the casino portion of a R640 million refurbishment and expansion to the facility that first opened in 1997. Casino improvements include additional slot machines, new carpets and decor, and a Salon Privé with its own lounge, entrances, cashier facility, VIP desk and […]

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