The move brings Bet.co.za’s offering in line with the group’s larger PlayTsogo platform and forms part of a deliberate strategy to build momentum in a profitable market.<\/p>\n\n\n\n
In its latest interim results, the company reported net gaming revenue from online betting grew 15 per cent to R136m<\/strong> (\u20ac6.8m) for the six-month period ending September 30<\/strong>, while adjusted EBITDA rose by 40 per cent<\/strong>. <\/p>\n\n\n\n Tsogo Sun noted in the report: “Based on the priority to create a larger online betting business and to expedite growth, this division may need to sacrifice a portion of its profits generated in the short term for the required investment.”<\/p>\n\n\n\n Management has already hired a new CEO for the online unit and added several senior executives with direct experience in the sector. A new betting platform, offering additional payment gateways and deeper product integration, is also planned for launch before the end of the 2026 financial year. <\/p>\n\n\n\n The company said: “Even though acquisitions are not the preferred growth method for this division, opportunities that present appropriate scaling, systems and a business fit will be considered.”<\/p>\n\n\n\n The Tsogo Sun mobile app, which combines loyalty rewards, hotel bookings and betting, passed 200,000 registered users<\/strong> by the end of September. New digital touchpoints are being rolled out across the group’s 14 casinos and 29 hotels<\/strong> to drive traffic to its online platforms.<\/p>\n\n\n\n The expansion comes against a difficult backdrop for the traditional business. Total group income for the half-year slipped 1 per cent to R5.56bn<\/strong> (\u20ac279.6m) and adjusted EBITDA fell 3 per cent to R1.72bn<\/strong> (\u20ac86.5m). Casino EBITDA dropped 4.4 per cent<\/strong>, reflecting weaker spending at physical venues.
To protect cash flow, Tsogo Sun halved its interim dividend to 15 cents per share<\/strong>. It has also started selling non-core assets, including its remaining 3.2 per cent stake<\/strong> in City Lodge Hotels<\/strong>, with proceeds earmarked for further debt reduction or share buybacks.<\/p>\n\n\n![\"\"](\"https:\/\/focusgn.com\/africa\/wp-content\/uploads\/sites\/7\/2025\/08\/South-Africa-flag-900x600-300x200.jpg\")
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