Sun International
Industry Gambling
Hospitality
Founded 11 July 1967; 58 years ago (1967-07-11)
Founder Sol Kerzner
Headquarters Sandton, Johannesburg, South Africa
Area served
Southern Africa
Chile
Key people
Anthony Leeming (CEO)
Brands SunBet
Sun Slots
Sun Vacation Club
Revenue Increase R12.09B (2023)
Net income
Increase R1.21B (2023)
Total assets Increase R13.57B (2023)
Total equity Decrease R2.01B (2023)
Number of employees
Decrease 7,340 (2023)
Website https://suninternational.com

Sun International is a South African gambling and hospitality company, founded by Sol Kerzner in 1967.[1]

Sun International owns diverse assets, including the Sun City resort in Ledig, in the North West Province, and an online gambling platform.[citation needed]

Specializing in gambling and hospitality, the company has 42.5% of the South African casino market share,[1] and owns or holds a significant interest in 11 out of the 38 operating casinos in South Africa.[2]

History

Their hotel business traces its roots back to 1967, when the Southern Sun Hotel Company was created when South African Breweries and South African businessman Sol Kerzner joined forces. By 1983, Southern Sun Hotels was operating 35 hotels, and generating a net income of $35 million.[citation needed]

At this time, South African Breweries split its hotel interests into two and Sun International, headed by Sol Kerzner, retained all of the casino hotels located in the areas that South Africa had designated as "independent homelands" and had Southern Sun as a 20% stakeholder.[citation needed]

Sol Kerzner sold his shares in Southern Sun to focus on Sun International (South Africa).[citation needed] Southern Sun retained the company's other hotels in South Africa, and remained focused on the hotel market rather than casinos.[citation needed]

1984 saw the commencement of Kersaf Investments Limited, a company that took great interest in Sun International (South Africa). This commencement was by a scheme of arrangement, such that Sun International would form one of Kersaf's subsidiaries.[1][non-primary source needed]

In 2000, Southern Sun sold its stake in Sun International to Kersaf Investments Limited, who then continued to acquire minority interests in Sun International.[1]

In 2004, Kersaf Investments Limited merged with Sun International to form Sun International Limited, the company that exists today.[3] In early 2015, Sun International sold its hotels in Botswana, Lesotho, Namibia and Zambia to Minor International.[4] Since mid-2015, these have been run as hotels of the Avani Group.[5] As of 2023, Sun International Limited owns or is involved in 13 hotels, casinos, and resorts.[6]

Properties

Sun City
Hotel Monticello in Chile

Today, Sun International's operations include integrated resorts, luxury hotel products, limited payout machine slot routes, as well as casinos.[citation needed]

Country Location Resort
Nigeria Lagos The Federal Palace Hotel
South Africa Brakpan Carnival City Casino and Entertainment World
Kimberley Flamingo Casino
Cape Town Grand West Casino
Worcester Golden Valley Casino
Polokwane Meropa Casino and Entertainment World
uMhlanga Sibaya Casino and Entertainment Kingdom
Ledig Sun City
Pretoria Sun Bet Arena at Time Square Casino
Port Elizabeth The Boardwalk Casino and Entertainment World
near Port Edward Wild Coast Sun
Bloemfontein Windmill Casino and Entertainment Centre

Sun City Resort plays host to the Nedbank Golf Challenge annually.[6]

See also

  • List of casinos in South Africa

References

  1. ^ a b c d "History: The Sun International Journey". Sun International. Retrieved 4 October 2017.
  2. ^ "Casinos by the National Gambling Board". National Gambling Board.
  3. ^ "Notification of Decision to Approve Merger" (PDF). Competition Trubunal. 25426: 19. 12 September 2003. Archived from the original (PDF) on 17 August 2018. Retrieved 4 October 2017.
  4. ^ "SUN INTERNATIONAL TO DISPOSE OF AFRICAN ASSETS. CNBCAfrica, 12. February 2015".
  5. ^ "30.06.2015 Nachrichten am Mittag | Hitradio Namibia". 23 July 2015. Archived from the original on 23 July 2015. Retrieved 24 April 2022.
  6. ^ a b "About Us". Sun International. Retrieved 4 October 2017.