{"id":25781,"date":"2026-05-28T10:03:55","date_gmt":"2026-05-28T13:03:55","guid":{"rendered":"https:\/\/focusgn.com\/africa\/?p=25781"},"modified":"2026-05-29T05:45:44","modified_gmt":"2026-05-29T08:45:44","slug":"casino-giant-tsogo-sun-reports-stronger-profit-for-2026-financial-year","status":"publish","type":"post","link":"https:\/\/focusgn.com\/africa\/casino-giant-tsogo-sun-reports-stronger-profit-for-2026-financial-year","title":{"rendered":"Casino giant Tsogo Sun reports stronger profit for 2026 financial year"},"content":{"rendered":"\n
The casino and hotel division remained the core revenue driver, bringing in around R8.2bn.<\/p>\n\n\n\n\n\n\n\n
South Africa.- South African casino operator Tsogo Sun Gaming Ltd<\/strong> has reported headline earnings of R1.57bn (US$96.5m) for the year ended March 31, 2026, supported by stable casino income and growth in its online betting business. The figure was up 6.8 per cent from R1.47bn (US$90.4m) in the previous year.<\/p>\n\n\n\n The group, which operates major casino properties including Montecasino in Johannesburg and Suncoast Casino in Durban<\/strong>, said earnings per share rose 8 per cent to 153 cents (US$0.09), while basic profit increased to R1.295bn (US$79.6m) from R1.244bn (US$76.5m) a year earlier.<\/p>\n\n\n\n Revenue for the period was largely unchanged at R11.13bn (US$684.1m), compared with R11.155bn (US$685.7m) a year earlier, while adjusted EBITDA also remained steady at R3.46bn (US$212.7m).<\/p>\n\n\n\n The casino and hotel division remained the core revenue driver, bringing in around R8.2bn (US$504.0m). However, adjusted EBITDA in the segment declined 3 per cent to R3bn (US$184.4m), mainly due to pressure from slot machine income.<\/p>\n\n\n\n Tsogo Sun said its land-based gaming operations showed mixed performance across regions, with Gauteng remaining stable, KwaZulu-Natal under pressure, and the Western Cape broadly steady except for declines in Caledon.<\/p>\n\n\n\n The group\u2019s online betting and gaming segment recorded a turnaround, with gross gaming revenue net of bonusing rising 24 per cent to R313m (US$19.2m). The unit swung from a loss of R15m (US$922k) in the prior year to an adjusted EBITDA profit of R50m (US$3.1m).<\/p>\n\n\n\n Tsogo Sun\u2019s operating costs for the period totalled R7.7bn (US$473.3m). Net interest-bearing debt fell to R6.49bn (US$398.9m) from R7.19bn (US$442.0m), while net finance costs dropped 20 per cent to R550m (US$33.8m), supported by lower debt levels and buy-backs.<\/p>\n\n\n\n Tsogo Sun returned R904m (US$55.6m) to shareholders through dividends and share repurchases, including R438m (US$26.9m) in buy-backs. The group also maintained a final dividend of 30 cents (US$0.02) per share, bringing total dividends for the year to 45 cents (US$0.03) per share, lower than the previous year.<\/p>\n\n\n\n <\/p>\n\n\n