Tsogo Sun’s upgrade and expansion scheme on track

Tsogo Sun Holdings Ltd remains positive that the South African economy will recover in the coming months and boosting gambling revenue and tourism.

South Africa.- Tsogo Sun Holdings Ltd one of the leading casino and hotel providers in Africa is investing a significant amount to both upgrade and expand its existing casino facilities. The company is betting on the recovery of South Africa’s economy in the coming months, which will boost revenue at all casino and hotel properties.

South African economy has slowed down considerably and analysts expect 2016 to be the slowest growth rate since 2009’s recession. Tsogo Sun generates nearly 90 percent of its revenue in South Africa managing so far to increase its gaming wins by 6 percent and hotel revenue by 9 percent till March 2016.

Marcel Von Aulock, the Chief Executive Officer for Tsogo Sun Holdings Ltd commented that the company had almost completed its renovation and expansion project which included adding more betting machines to its casinos and increasing the square meters of its properties.

Von Aulock added that currently the company has a number of projects lined up in South Africa which includes adding a new Cape Town casino and gaining regulatory approval to get control of a Johannesburg-listed Hospitality Property Fund. Von Aulock did not rule out the possibility of expanding internationally but at this point, the company is focused on its projects in South Africa.