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Tsogo Sun dumps R23bn casino disposal deal with Hospitality

  • Published in News

In July, the company said it would sell a portfolio of seven of its casino and hotel businesses to the Hospitality Property Fund. Hotel and gaming group Tsogo Sun on Monday ditched its proposed disposal of seven mixed-use casino properties to Hospitality Property Fund and also the subsequent distribution of the group’s entire holding of Hospitality shares to Tsogo shareholders after some investors did not support the transaction.

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Second Casino for Cape Town?

  • Tsogo awaits Cape Town clarity on casino licences

Gaming and leisure group Tsogo Sun, which endured a tough interim period to end-September with discretionary spending tight, is hoping for clarity on a second Cape Town casino before the end of 2017.

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Tsogo Sun at the Nederburg Wine Auction 2016

  • Published in Videos

For the third year running, Tsogo Sun has walked away with top honours as the biggest single buyer in South Africa’s two leading wine auctions – the 42nd Nederburg Wine Auction and the 32nd Nedbank Cape Winemakers Guild (CWG) Auction – representing a total spend of R3,696 800

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Another Cape casino re-shuffle

GAMING sector giants Sun International and Tsogo Sun – along with local empowerment firm Grand Parade Investments (GPI) – are playing a new hand in a bid to ‘diplomatically’ share the spoils in the lucrative Cape Town casino sector.

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