South Africans are making their way back to resorts and casinos

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Sun International is expecting a massive increase in earnings – with the group’s online gambling business beating expectations.

Sun International expects a massive boost in profits, with customers flocking to its online betting platform.

In a trading update for the year ended 31 December 2023 , the group said SunBet consistently achieved record income and even exceeded its own ambitious growth targets.Despite a challenging trading environment, the group’s urban casinos and Sun Slots operations showcased resilience. With this in mind, the group expected basic earnings per share to increase by over 100%, while headline earnings per share are expected to increase by between 82% and 92%.

Source: News Formal (newsformal.com)

 

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