Sun International returns to casino growth as SunBet surges
Sun International's land-based casino income returned to growth, while its digital betting arm, SunBet, surged 35.5% in interim results.Summary
Sun International has reported a return to growth in its land-based casino business for the first time in three years, alongside exceptional performance from its digital betting operation, SunBet. For the six months ending June, group income increased 7.4% to R6.6 billion. SunBet was the key driver, with income jumping 35.5% to R1.18 billion, significantly outperforming the broader South African online gambling market. The digital platform saw a 32.3% rise in active player days and a 17.5% increase in first-time depositors. Land-based casino income grew modestly by 1.5% to R3.42 billion, boosting the company's market share to 49%. Hospitality revenue also contributed to growth, rising to approximately R1.3 billion. The group declared an interim dividend of 185 cents per share, up 7.6%. CEO Ulrik Bengtsson attributed the digital success to platform improvements and predicted significant market growth ahead.
(Source：Ewn)