Debits Cards Casinos sa casinos win big Bookmark this portal  |   Make this portal your homepage   Search For:   Debits Cards Casinos Contact Us Add Your Site Latest Scoops Links Helpful Associate Resources Slots Casinos Games Keno Blackjack   Debits Cards Casinos - Big Wins On Slots, Tables at SA Casinos SUN International, South Africa's largest casino and hotel company, yesterday reported a 15% rise in group revenue to R5,1bn for the year to end-June. The company also managed an 87% increase in adjusted headline earnings to R435m, but adjusted headline earnings a share were only 45% higher at R4,11. Growth in earnings a share was diluted by an increase of shares in issue, following the issue of shares for the acquisition of Sun International minority interests last August. Gaming revenue for the period was 18% higher, with slot and table revenues up 19% and 16% respectively. Nedcor Securities analyst Sean Ashton said that the group's trading performance, particularly in gaming, was good. "The growth in South African gaming revenues has been spurred on by the continuing improvement in disposable income and consumer confidence." Sun International CEO Peter Bacon said yesterday that outside of those two factors, the group had managed to increase its penetration of markets such as Cape Town. Since its December opening, the group's Durban casino, Sibaya, achieved gaming revenue 36% higher than that achieved by Durban's Sugarmill for the comparable seven-month period. He said the "star" casino operations were GrandWest, which saw gaming revenue increase 19% to R1,2bn, and Carnival City, with gaming revenues rising 22%. Carnival City increased its marketing effort in the year, and Bacon said the casino increased its share of the prized Gauteng market. << Back   Copyright 2004 © Debits Cards Casinos. All rights reserved.