The official approval Tsogo Sun received to relocate a casino to Somerset West is being reviewed by the High Court following an application by the holder of the biggest casino operator in the Western Cape metropole, in an effort to preserve its exlusivity.
Tsogo Sun put in a resilient 7% increase in earnings from its casinos and hotels for the year to March 31, and after its online betting business turnaround from a loss.
Headline earnings per share (HEPS) was up 8% to 153 cents. Headline earnings increased by 7% to R1.57 billion. Total income of R11.13bn generated was in line with the prior year. A 30 cents per share dividend was declared, in line with last year’s dividend.
The loss-making online betting business turned around from August 2025, said the CEO Chris du Toit and CFO Egbert Loubser in the financial results released Tuesday.
Gross gaming revenue net of bonusing (NGR) increased by 24% to R313 million, and adjusted earnings before interest tax and amortisation (EBITDA) increased to R50m, compared to a loss of R15m for the prior year.
