The hospitality group has declared an interim dividend of almost 9% for the six months ended 30 June.
Listen to this article 6 min Listen to this article 6 min Sun International is toasting record profits from sports betting and hospitality, which have helped the group boost its interim dividend by almost 9%.
The hotel, gaming and entertainment group, which owns Sun City, GrandWest Casino and Entertainment World and the Table Bay Hotel, has reported robust performance from the two divisions in particular, boosting income for the period under review by 5% to R6-billion.
SunBet, the group's sports betting platform, is on a winning ticket, with revenue rising sharply by 71.8% to R512-million for the six months to 30 June 2024. SunBet had seen a 72.2% rise in unique active players, a 111.6% increase in first time depositors, and a 74.2% increase in deposits.
Sun International CEO Anthony Leeming noted in a company statement that SunBet, as a rapidly growing online company, offered significant potential for future growth.
"With this in mind, we continue to invest in our people and invested in a new website front-end look and feel that is more user-friendly, with a marketing campaign tying in the iconic Sun City to complete its brand relaunch. The improvements to the registration, customer deposit, and withdrawal processes,...
