Tsogo Sun: Difference between revisions
Back to pre-promo Tags: Manual revert Reverted |
Correction on acquisition of SunWest holdings |
||
(25 intermediate revisions by 13 users not shown) | |||
Line 37: | Line 37: | ||
| brands = Montecasino, Suncoast Casino, Gold Reef City Casino, Gold Reef City Theme Park, Silverstar Casino, Golden Horse Casino, The Ridge Casino, Emnotweni Casino, Blackrock Casino, Goldfields Casino, Mykonos Casino, the Caledon Casino, Garden Route Casino, Hemingways Casino, Palazzo Hotel, the Pivot Hotel Montecasino, Piazza Hotel Montecasino, Hotel Perte Montecasino, Gold Reef City Hotel, Gold Reef City Theme Park Hotel, Silverstar Hotel, Golden Horse Hotel, Suncoast Hotel, Suncoast Towers, Blackrock Hotel, Garden Route Hotel, The Caledon Hotel & Spa, The Ridge Hotel, The RidgePoint Hotel, Hemingways Hotel, playTSOGO, bet.co.za, The Marco Polo Gaming in Sandton, Oasis Casino, Galaxy Bingo, VSlots |
| brands = Montecasino, Suncoast Casino, Gold Reef City Casino, Gold Reef City Theme Park, Silverstar Casino, Golden Horse Casino, The Ridge Casino, Emnotweni Casino, Blackrock Casino, Goldfields Casino, Mykonos Casino, the Caledon Casino, Garden Route Casino, Hemingways Casino, Palazzo Hotel, the Pivot Hotel Montecasino, Piazza Hotel Montecasino, Hotel Perte Montecasino, Gold Reef City Hotel, Gold Reef City Theme Park Hotel, Silverstar Hotel, Golden Horse Hotel, Suncoast Hotel, Suncoast Towers, Blackrock Hotel, Garden Route Hotel, The Caledon Hotel & Spa, The Ridge Hotel, The RidgePoint Hotel, Hemingways Hotel, playTSOGO, bet.co.za, The Marco Polo Gaming in Sandton, Oasis Casino, Galaxy Bingo, VSlots |
||
| production = |
| production = |
||
| services = hospitality, leisure, gaming and entertainment<ref>{{cite news|author1=Nicole Cassandra Naidoo|title=Participation essential for Tsogo Sun shareholders|url=http://www.cnbcafrica.com/news/southern-africa/2014/07/16/participation-essential-for-tsogo-sun-shareholders/|accessdate=26 November 2014|publisher=[[CNBC Africa]]|date=16 July 2014}}</ref> |
| services = hospitality, leisure, gaming and entertainment<ref>{{cite news|author1=Nicole Cassandra Naidoo|title=Participation essential for Tsogo Sun shareholders|url=http://www.cnbcafrica.com/news/southern-africa/2014/07/16/participation-essential-for-tsogo-sun-shareholders/|accessdate=26 November 2014|publisher=[[CNBC Africa]]|date=16 July 2014|archive-date=4 March 2016|archive-url=https://web.archive.org/web/20160304102241/http://www.cnbcafrica.com/news/southern-africa/2014/07/16/participation-essential-for-tsogo-sun-shareholders/|url-status=dead}}</ref> |
||
| revenue = |
| revenue = |
||
| operating_income = |
| operating_income = |
||
Line 56: | Line 56: | ||
}} |
}} |
||
'''Tsogo Sun''' is a South African gaming, hotels and entertainment group. Tsogo Sun operates 15 casinos, 24 Galaxy Bingo sites, 1 Independent Site Operator Licence (ISO) as well as VSlots ("LPMs") Limited Pay-out Machines across nine provinces, including but not limited to Bet.co.za bookmaker licences, hotels, a Theme Park, |
'''Tsogo Sun''' is a South African gaming, hotels and entertainment group. Tsogo Sun operates 15 casinos, 24 Galaxy Bingo sites, 1 Independent Site Operator Licence (ISO) as well as VSlots ("LPMs") Limited Pay-out Machines across nine provinces, including but not limited to Bet.co.za bookmaker licences, hotels, a Theme Park, theatres, movie cinemas, restaurants, bars and conference facilities.<ref name=":0">{{Cite web |title=Tsogo Sun to acquire betting platform Betcoza |url=https://www.businesslive.co.za/bd/companies/2020-08-07-tsogo-sun-to-acquire-betting-platform-betcoza/ |access-date=2022-07-25 |website=BusinessLIVE |language=en-ZA}}</ref><ref>{{Cite web|url=https://www.iol.co.za/business-report/companies/tsogo-sun-buys-vukani-galaxy-7186111|title=Tsogo Sun buys Vukani, Galaxy {{!}} IOL Business Report|website=iol.co.za|language=en|access-date=2019-09-27}}</ref><ref>{{Cite web|url=https://www.businesslive.co.za/bd/companies/retail-and-consumer/2018-11-21-tsogo-sun-boosted-by-gaming-alternatives/|title=Tsogo Sun boosted by gaming alternatives|website=BusinessLIVE|language=en-ZA|access-date=2019-09-27}}</ref> |
||
Tsogo Sun means 'resurrection' or 'new life' – a term that mimics the daily rising of the sun in [[Setswana]].<ref name="brand">{{cite news|url=http://www.cnbcafrica.com/news/southern-africa/2013/08/29/five-head-office-jobs-cut-in-tsogo-sun-management-shake-up/|title=Top executive jobs at Tsogo Sun cut|last1=Esipisu|first1=Isaac|date=18 October 2013|accessdate=26 November 2014|agency=[[CNBC Africa]]}}</ref> |
Tsogo Sun means 'resurrection' or 'new life' – a term that mimics the daily rising of the sun in [[Setswana]].<ref name="brand">{{cite news|url=http://www.cnbcafrica.com/news/southern-africa/2013/08/29/five-head-office-jobs-cut-in-tsogo-sun-management-shake-up/|title=Top executive jobs at Tsogo Sun cut|last1=Esipisu|first1=Isaac|date=18 October 2013|accessdate=26 November 2014|agency=[[CNBC Africa]]|archive-date=24 March 2018|archive-url=https://web.archive.org/web/20180324041513/https://www.cnbcafrica.com/news/southern-africa/2013/08/29/five-head-office-jobs-cut-in-tsogo-sun-management-shake-up/|url-status=dead}}</ref> |
||
== Ownership == |
== Ownership == |
||
Line 70: | Line 70: | ||
The group was established in 1969, when hotelier [[Sol Kerzner]] founded the chain of [[Southern Sun Hotel Group|Southern Sun Hotels]] in partnership with [[South African Breweries]].<ref name="telegraph">{{cite news|url=https://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/leisure/10951814/SABMiller-sheds-final-remnant-of-former-conglomerate-days.html|title=SABMiller sheds final remnant of former conglomerate days|last1=Thomas|first1=Nathalie|date=7 July 2014|work=[[The Daily Telegraph]]|location=London|accessdate=26 November 2014}}</ref> |
The group was established in 1969, when hotelier [[Sol Kerzner]] founded the chain of [[Southern Sun Hotel Group|Southern Sun Hotels]] in partnership with [[South African Breweries]].<ref name="telegraph">{{cite news|url=https://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/leisure/10951814/SABMiller-sheds-final-remnant-of-former-conglomerate-days.html|title=SABMiller sheds final remnant of former conglomerate days|last1=Thomas|first1=Nathalie|date=7 July 2014|work=[[The Daily Telegraph]]|location=London|accessdate=26 November 2014}}</ref> |
||
Prior to 1994, the group's gambling operations were limited to those hotels located in Apartheid |
Prior to 1994, the group's gambling operations were limited to those hotels located in Apartheid-era bantustans, as gambling in the rest of South Africa was heavily restricted. When the new democratic government came to power, gambling was legalised, which enabled the group to add 14 gaming destinations to its portfolio.<ref name=sg>{{cite book|author1=David S. Fick|editor-first1=Stephen P.|editor-last1=Rule|editor2-first=Chris|editor-last2=Sibanyoni|title=The Social Impact of Gambling in South Africa: An Initial Assessment for the National Gambling Board|date=2000|publisher=HSRC Press|isbn=9780796919717|page=52|url=https://books.google.com/books?id=5yTlT6F5XAUC|access-date=26 November 2014}}</ref> |
||
Through a process of bid applications, the group acquired five casino licences: Emnotweni (Nelspruit), The Ridge, Hemingways, Montecasino and Suncoast.<ref>{{cite book|author1=AbdouMaliq Simone|editor1-last=Nuttall|editor1-first=Sarah|editor2-last=Mbembe|editor2-first=Achille|title=Johannesburg: The Elusive Metropolis|date=2008|publisher=Duke University Press|isbn=9780822381211|url=https://books.google.com/books?id=hNONyzwm420C| |
Through a process of bid applications, the group acquired five casino licences: Emnotweni (Nelspruit), The Ridge, Hemingways, Montecasino and Suncoast.<ref>{{cite book|author1=AbdouMaliq Simone|editor1-last=Nuttall|editor1-first=Sarah|editor2-last=Mbembe|editor2-first=Achille|title=Johannesburg: The Elusive Metropolis|date=2008|publisher=Duke University Press|isbn=9780822381211|url=https://books.google.com/books?id=hNONyzwm420C|access-date=26 November 2014}}</ref> |
||
Two additional casinos, The Caledon and Blackrock (formerly known as Century Casino), were added to the group's portfolio in 2009 by acquiring Century Resorts Limited and Winlen Casino Operators (Pty) Limited. Subsequently, a further seven casinos were added to the portfolio through the reverse buy-out of Gold Reef Resorts in 2011: Gold Reef City, Silverstar, Queens, Mykonos, Goldfields, Golden Horse and Garden Route.<ref>{{cite news|last1=Baumann|first1=Julius|title=Gaming groups oppose new Cape Town casino|url=http://www.bdlive.co.za/articles/2010/07/16/gaming-groups-oppose-new-cape-town-casino|accessdate=26 November 2014|agency=[[Business Day (South Africa)|Business Day]]|date=6 August 2012}}</ref><ref>{{cite news|last1=Hasenfuss|first1=Mark|title=Tsogo Sun places bet on growing casinos|url=http://www.bdlive.co.za/business/transport/2014/11/21/tsogo-sun-places-bet-on-growing-casinos|accessdate=27 November 2014|agency=[[Business Day (South Africa)|Business Day]]|date=21 November 2014}}</ref><ref>{{cite news|author1=Staff reporter|title=Merger creates major SA gaming, hotel company|url=http://mg.co.za/article/2010-02-18-merger-creates-major-sa-gaming-hotel-company|accessdate=27 November 2014|work=[[Mail & Guardian]]|date=18 February 2010}}</ref> |
|||
In May 2014, the group announced that it had entered into transaction agreements resulting in Tsogo Sun acquiring a 40% equity interest each in SunWest International and Worcester Casinos. This transaction gave the group a stake in all five casinos located in the Western Cape.<ref>{{cite news|author1=Farhaanah Mahomed|title=Tsogo Sun acquires a stake in two casino businesses|url=http://www.cnbcafrica.com/news/southern-africa/2014/05/13/tsogo-sun-acquires-a-stake-in-two-casino-businesses/|accessdate=26 November 2014|agency=[[CNBC Africa]]|date=13 May 2014}}</ref> |
In May 2014, the group announced that it had entered into transaction agreements resulting in Tsogo Sun acquiring a 40% equity interest each in SunWest International and Worcester Casinos. This transaction gave the group a stake in all five casinos located in the Western Cape.<ref>{{cite news|author1=Farhaanah Mahomed|title=Tsogo Sun acquires a stake in two casino businesses|url=http://www.cnbcafrica.com/news/southern-africa/2014/05/13/tsogo-sun-acquires-a-stake-in-two-casino-businesses/|accessdate=26 November 2014|agency=[[CNBC Africa]]|date=13 May 2014}}</ref> However the deal failed and subsequently in 2016 an agreement was reached that gave Tsogo Sun a 20% stake in SunWest International and the Worcester Casino. <ref>https://www.marketscreener.com/quote/stock/GRAND-PARADE-INVESTMENTS--6582681/news/Tsogo-Sun-Gaming-Ltd-completed-the-acquisition-of-20-stake-in-SunWest-International-Proprietary-an-35412233/</ref> |
||
As of 1 June 2017<ref>{{Cite web|url=https://www.tsogosun.com/investors/our-board/executive-directors|title=Executive Directors – Tsogo Sun Board|website=Tsogo Sun|access-date=13 July 2017}}</ref> the Tsogo Sun CEO was Jacques Booysen.<ref>Tsogo Sun gets new CEO |
As of 1 June 2017<ref>{{Cite web|url=https://www.tsogosun.com/investors/our-board/executive-directors|title=Executive Directors – Tsogo Sun Board|website=Tsogo Sun|access-date=13 July 2017}}</ref> the Tsogo Sun CEO was Jacques Booysen.<ref>{{Cite web |date=May 31, 2017 |title=Tsogo Sun gets new CEO |url=https://www.iol.co.za/pretoria-news/business-report/tsogo-sun-gets-new-ceo-9443365 |access-date=2024-05-22 |website=iol.co.za}}</ref> Jacques Booysen previously served as managing director of Gaming at Tsogo Sun Holdings since April 2007.<ref>[https://www.bloomberg.com/research/stocks/people/person.asp?personId=52595771&privcapId=13514301 Jacques Booysen: Executive Profile & Biography – Bloomberg]. Amended 13 July 2017. Retrieved 22 May 2024</ref> |
||
The group notified shareholders on 15 March 2019<ref>{{Cite web|url=https://www.fin24.com/Companies/TravelAndLeisure/tsogo-sun-to-restructure-hotel-interests-20190315|title=Tsogo Sun to restructure hotel interests|date=15 March 2019|website=Fin24|access-date=30 May 2019}}</ref> of a proposed restructuring that would result in a separation of hotel and gaming interests and separate JSE listing<ref>{{Cite web|url=https://www.businesslive.co.za/bd/companies/transport-and-tourism/2019-05-23-tsogo-suns-net-profit-falls-ahead-of-hotels-unbundling/|title=Tsogo Sun will bring the largest hotel business in SA to public investors|website=BusinessLIVE|access-date=30 May 2019}}</ref> of Tsogo Sun Hotels and Tsogo Sun Gaming. |
The group notified shareholders on 15 March 2019<ref>{{Cite web|url=https://www.fin24.com/Companies/TravelAndLeisure/tsogo-sun-to-restructure-hotel-interests-20190315|title=Tsogo Sun to restructure hotel interests|date=15 March 2019|website=Fin24|access-date=30 May 2019}}</ref> of a proposed restructuring that would result in a separation of hotel and gaming interests and separate JSE listing<ref>{{Cite web|url=https://www.businesslive.co.za/bd/companies/transport-and-tourism/2019-05-23-tsogo-suns-net-profit-falls-ahead-of-hotels-unbundling/|title=Tsogo Sun will bring the largest hotel business in SA to public investors|website=BusinessLIVE|access-date=30 May 2019}}</ref> of Tsogo Sun Hotels and Tsogo Sun Gaming. |
||
As of 12 June 2019 Tsogo Sun was split into Tsogo Sun and [[Tsogo Sun Hotels]]. Tsogo Sun Hotels (now Southern Sun) includes individually branded hotels such as the luxury Beverly Hills and Palazzo as well as hotel brands that include Southern Sun Hotels, Garden Court, SunSquare and Hi Hotels.<ref>{{Cite web|url=http://www.etnw.co.za/print-archives/article/192341/Hotels-innovate-or-die|title=Tsogo Sun Launches Budget Brand|website=Etnw|language=en|access-date=2019-09-27}}</ref><ref>{{Cite web|url=https://businesstech.co.za/news/business/318758/new-low-cost-limited-service-hotels-to-launch-in-south-africa/|title=New low-cost 'limited service' hotels to launch in South Africa|website=businesstech.co.za|language=en-US|access-date=2019-09-27}}</ref> |
As of 12 June 2019 Tsogo Sun was split into Tsogo Sun and [[Tsogo Sun Hotels]]. Tsogo Sun Hotels (now Southern Sun) includes individually branded hotels such as the luxury Beverly Hills and Palazzo as well as hotel brands that include Southern Sun Hotels, Garden Court, SunSquare and Hi Hotels.<ref>{{Cite web|url=http://www.etnw.co.za/print-archives/article/192341/Hotels-innovate-or-die|title=Tsogo Sun Launches Budget Brand|website=Etnw|language=en|access-date=2019-09-27}}</ref><ref>{{Cite web|url=https://businesstech.co.za/news/business/318758/new-low-cost-limited-service-hotels-to-launch-in-south-africa/|title=New low-cost 'limited service' hotels to launch in South Africa|website=businesstech.co.za|language=en-US|access-date=2019-09-27}}</ref> |
||
On 2 February 2021 Hospitality Property Fund delisted from the [[JSE Limited|Johannesburg Stock Exchange]] and became a wholly owned subsidiary of Tsogo Sun Hotels Limited<ref>{{Cite web |date=2021-03-10 |title=Tsogo Sun Hotels acquires all the remaining shares in Hospitality Property Fund Limited – Tsogo Sun Hotels (JSE:TGO) |url=https://www.listcorp.com/jse/tgo/tsogo-sun-hotels/news/tsogo-sun-hotels-acquires-all-the-remaining-shares-in-hospitality-property-fund-limited-2517095.html |access-date=2022-06-08 |website=listcorp.com |language=en}}</ref><ref>{{Cite web |title=Hospitality Property Fund struggles to grow its occupancy rates and income |url=https://www.businesslive.co.za/bd/companies/property/2018-11-21-hospitality-property-fund-struggles-to-grow-its-occupancy-rates-and-income/ |access-date=2019-09-27 |website=BusinessLIVE |language=en-ZA}}</ref><ref>{{Cite web |title=Welcome to the Hospitality Property Fund |url=https://www.tsogosun.com/hospitality-property-fund |access-date=2019-09-27 |website=Tsogo Sun |language=en}}</ref><ref>{{Cite web |title=Tsogo Sun Hotels to acquire all of Hospitality Property Fund |
|||
|url=https://www.businesslive.co.za/bd/companies/property/2020-10-07-tsogo-sun-hotels-to-acquire-all-of-hospitality-property-fund/ |access-date=2022-06-08 |website=BusinessLIVE |language=en-ZA}}</ref> |
|||
Tsogo Sun Gaming includes casinos precincts such as [[Montecasino]] and [[Gold Reef City]] as well as ownership of Galaxy Bingo<ref>{{Cite web|url=https://www.bingo.co.za/|title=Galaxy Bingo – Gaming. Entertainment.|website=Galaxy Bingo|language=en-ZA|access-date=2019-09-27}}</ref> that operates 23 bingo venues across South Africa and V Slots<ref>{{Cite web|url=https://vslots.co.za/|title=VSlots|language=en-ZA|access-date=2019-09-27}}</ref> a leading supplier of Limited Pay Out slot machines. In 2020 Tsogo Sun Gaming acquired a majority ownership of South African sports betting website [[Bet.co.za]].<ref name=":0" /> |
Tsogo Sun Gaming includes casinos precincts such as [[Montecasino]] and [[Gold Reef City]] as well as ownership of Galaxy Bingo<ref>{{Cite web|url=https://www.bingo.co.za/|title=Galaxy Bingo – Gaming. Entertainment.|website=Galaxy Bingo|language=en-ZA|access-date=2019-09-27}}</ref> that operates 23 bingo venues across South Africa and V Slots<ref>{{Cite web|url=https://vslots.co.za/|title=VSlots|language=en-ZA|access-date=2019-09-27}}</ref> a leading supplier of Limited Pay Out slot machines. In 2020 Tsogo Sun Gaming acquired a majority ownership of South African sports betting website [[Bet.co.za]].<ref name=":0" /> |
||
== Properties == |
|||
The South African Graduate Employers Association<ref>{{cite web |title=South African Graduate Employers Association |url=https://sagea.org.za/ |website=sagea.org.za |access-date=30 May 2023 |archive-url=https://web.archive.org/web/20140516014305/http://www.sagea.org.za/ |archive-date=2014-05-16 |language=en |url-status=live}}</ref> (SAGEA) published its list of the leading graduate employers for 2021, with Tsogo Sun Hotels being chosen as a winner in the leisure sector.<ref>{{Cite web|author=Staff Writer|title=These are the companies that students in South Africa most want to work for|url=https://businesstech.co.za/news/business/509134/these-are-the-companies-that-students-in-south-africa-most-want-to-work-for/|access-date=2021-07-29|language=en-US}}</ref> |
|||
===Blackrock Casino=== |
|||
{{Infobox casino |
|||
| name = Blackrock Casino |
|||
| logo = |
|||
| logo_size = |
|||
| image = |
|||
| image_size = |
|||
| image_caption = |
|||
| location = |
|||
| address = |
|||
| date_opened = |
|||
| names_pre = |
|||
| date_closed = |
|||
| casino_type = |
|||
| theme = |
|||
| owner = Tsogo Sun <ref name=tsogo>{{cite report|title=Condensed Unaudited Consolidated Interim Financial Statements|publisher=Tsogo Sun Gaming|date=24 November 2022|url=https://www.tsogosun.com/wp-content/uploads/2022/11/TSG-interim-results-booklet-30-9-2022-PUBLISHED.pdf|page=24}}</ref> |
|||
| rooms = |
|||
| attractions = |
|||
| notable_restaurants = |
|||
| space_gaming = |
|||
| shows = |
|||
| renovations = |
|||
| coordinates = |
|||
| website = {{url|https://www.blackrockcasino.co.za/}} |
|||
}} |
|||
'''Blackrock Casino''' is a hotel and [[casino]] located in [[Newcastle, KwaZulu-Natal|New Castle]] in [[KwaZulu-Natal]], [[South Africa]] |
|||
===Emerald Resort & Casino=== |
|||
{{main|Emerald Resort & Casino}} |
|||
{{Infobox casino |
|||
| name = Emerald Resort & Casino |
|||
| logo = |
|||
| logo_size =250 |
|||
| image = |
|||
| image_size = |
|||
| image_caption = |
|||
| location = [[Vanderbijlpark]], [[Emfuleni]], [[South Africa]] |
|||
| address = 777 Frikkie Meyer Blvd, Vanderbijlpark, 1900, South Africa |
|||
| date_opened = {{start date and age|df=yes|1997}} |
|||
| names_pre = |
|||
| date_closed = |
|||
| casino_type = |
|||
| theme = |
|||
| owner = Tsogo Sun (55%)<ref name=tsogo/> |
|||
| rooms = |
|||
| attractions = |
|||
| notable_restaurants = |
|||
| space_gaming = |
|||
| shows = |
|||
| renovations = |
|||
| coordinates = {{coord|-26.74274|27.85771|type:landmark_globe:earth_region:ZA|display=ti}} |
|||
| website = {{url|https://www.emeraldcasino.co.za/}} |
|||
}} |
|||
'''Emerald Resort & Casino''' is a hotel and [[casino]] located at a private estate on the banks of the [[Vaal River]] in [[Vanderbijlpark]], [[South Africa]]. The casino opened in 1997.<ref name="iol._Gamb">{{Cite web| title = Gambling revenue: Gauteng casinos on top| work = IOL Business Report| date = 6 March 2018| accessdate = 2018-03-06| url = https://www.iol.co.za/business-report/economy/gambling-revenue-gauteng-casinos-on-top-1953247}}</ref> |
|||
===Emnotweni=== |
|||
{{Infobox casino |
|||
| name = Emnotweni Casino |
|||
| logo = |
|||
| logo_size = |
|||
| image = |
|||
| image_size = |
|||
| image_caption = |
|||
| location = |
|||
| address = |
|||
| date_opened = {{start date and age|df=yes|2024}} |
|||
| names_pre = |
|||
| date_closed = |
|||
| casino_type = |
|||
| theme = |
|||
| owner = Tsogo Sun <ref name=tsogo/> |
|||
| rooms = |
|||
| attractions = |
|||
| notable_restaurants = |
|||
| space_gaming = |
|||
| shows = |
|||
| renovations = |
|||
| coordinates = |
|||
| website = {{url|https://www.emnotweni.co.za/}} |
|||
}} |
|||
===Garden Route Casino=== |
|||
{{Infobox casino |
|||
| name = Garden Route Casino |
|||
| logo = |
|||
| logo_size = |
|||
| image = |
|||
| image_size = |
|||
| image_caption = |
|||
| location = |
|||
| address = |
|||
| date_opened = {{start date and age|df=yes|2024}} |
|||
| names_pre = |
|||
| date_closed = |
|||
| casino_type = |
|||
| theme = |
|||
| owner = Tsogo Sun <ref name=tsogo/> |
|||
| rooms = |
|||
| attractions = |
|||
| notable_restaurants = |
|||
| space_gaming = |
|||
| shows = |
|||
| renovations = |
|||
| coordinates = |
|||
| website = {{url|https://www.gardenroutecasino.co.za/}} |
|||
}} |
|||
===Gold Reef City Casino & Theme Park=== |
|||
{{Infobox casino |
|||
| name = Gold Reef City Casino & Theme Park |
|||
| logo = |
|||
| logo_size = |
|||
| image = |
|||
| image_size = |
|||
| image_caption = |
|||
| location = |
|||
| address = |
|||
| date_opened = {{start date and age|df=yes|2024}} |
|||
| names_pre = |
|||
| date_closed = |
|||
| casino_type = |
|||
| theme = |
|||
| owner = Tsogo Sun <ref name=tsogo/> |
|||
| rooms = |
|||
| attractions = |
|||
| notable_restaurants = |
|||
| space_gaming = |
|||
| shows = |
|||
| renovations = |
|||
| coordinates = |
|||
| website = {{url|https://www.goldreefcity.co.za/}} |
|||
}} |
|||
===Goldfields Casino=== |
|||
{{Infobox casino |
|||
| name = Goldfields Casino |
|||
| logo = |
|||
| logo_size = |
|||
| image = |
|||
| image_size = |
|||
| image_caption = |
|||
| location = |
|||
| address = |
|||
| date_opened = {{start date and age|df=yes|2024}} |
|||
| names_pre = |
|||
| date_closed = |
|||
| casino_type = |
|||
| theme = |
|||
| owner = Tsogo Sun <ref name=tsogo/> |
|||
| rooms = |
|||
| attractions = |
|||
| notable_restaurants = |
|||
| space_gaming = |
|||
| shows = |
|||
| renovations = |
|||
| coordinates = |
|||
| website = {{url|https://www.goldfieldscasino.co.za/}} |
|||
}} |
|||
===Golden Horse Casino=== |
|||
{{Infobox casino |
|||
| name = Golden Horse Casino |
|||
| logo = |
|||
| logo_size = |
|||
| image = |
|||
| image_size = |
|||
| image_caption = |
|||
| location = |
|||
| address = |
|||
| date_opened = {{start date and age|df=yes|2024}} |
|||
| names_pre = |
|||
| date_closed = |
|||
| casino_type = |
|||
| theme = |
|||
| owner = Tsogo Sun <ref name=tsogo/> |
|||
| rooms = |
|||
| attractions = |
|||
| notable_restaurants = |
|||
| space_gaming = |
|||
| shows = |
|||
| renovations = |
|||
| coordinates = |
|||
| website = {{url|https://www.goldenhorsecasino.co.za/}} |
|||
}} |
|||
===Hemingways Casino=== |
|||
{{Infobox casino |
|||
| name = Hemingways Casino |
|||
| logo = |
|||
| logo_size = |
|||
| image = |
|||
| image_size = |
|||
| image_caption = |
|||
| location = |
|||
| address = |
|||
| date_opened = {{start date and age|df=yes|2024}} |
|||
| names_pre = |
|||
| date_closed = |
|||
| casino_type = |
|||
| theme = |
|||
| owner = Tsogo Sun <ref name=tsogo/> |
|||
| rooms = |
|||
| attractions = |
|||
| notable_restaurants = |
|||
| space_gaming = |
|||
| shows = |
|||
| renovations = |
|||
| coordinates = |
|||
| website = {{url|https://www.hemingways.co.za/}} |
|||
}} |
|||
===Montecasino=== |
|||
{{main|Montecasino}} |
|||
{{Infobox casino |
|||
| name = Montecasino |
|||
| logo = |
|||
| logo_size = |
|||
| image = Montecasino.jpg |
|||
| image_size = 250px |
|||
| image_caption = The Main Entrance of Montecasino in 2016 |
|||
| location = [[Fourways]], [[Sandton]] |
|||
| address = 1 Montecasino Blvd, Fourways, Sandton, 2021 |
|||
| date_opened = {{start date and age|df=yes|2000}} |
|||
| names_pre = |
|||
| date_closed = |
|||
| casino_type = |
|||
| theme = Italian Village |
|||
| owner = Tsogo Sun |
|||
| rooms = |
|||
| attractions = |
|||
| notable_restaurants = |
|||
| space_gaming = |
|||
| shows = |
|||
| renovations = |
|||
| coordinates = |
|||
| website = {{URL|https://www.montecasino.co.za/}} |
|||
}} |
|||
===Mykonos Casino=== |
|||
{{Infobox casino |
|||
| name = Mykonos Casino |
|||
| logo = |
|||
| logo_size = |
|||
| image = |
|||
| image_size = |
|||
| image_caption = |
|||
| location = |
|||
| address = |
|||
| date_opened = {{start date and age|df=yes|2024}} |
|||
| names_pre = |
|||
| date_closed = |
|||
| casino_type = |
|||
| theme = |
|||
| owner = Tsogo Sun <ref name=tsogo/> |
|||
| rooms = |
|||
| attractions = |
|||
| notable_restaurants = |
|||
| space_gaming = |
|||
| shows = |
|||
| renovations = |
|||
| coordinates = |
|||
| website = {{url|https://www.mykonoscasino.co.za/}} |
|||
}} |
|||
===Silverstar Casino=== |
|||
{{Infobox casino |
|||
| name = Silverstar Casino |
|||
| logo = |
|||
| logo_size = |
|||
| image = |
|||
| image_size = |
|||
| image_caption = |
|||
| location = |
|||
| address = |
|||
| date_opened = {{start date and age|df=yes|2024}} |
|||
| names_pre = |
|||
| date_closed = |
|||
| casino_type = |
|||
| theme = |
|||
| owner = Tsogo Sun <ref name=tsogo/> |
|||
| rooms = |
|||
| attractions = |
|||
| notable_restaurants = |
|||
| space_gaming = |
|||
| shows = |
|||
| renovations = |
|||
| coordinates = |
|||
| website = {{url|https://www.silverstar.co.za/}} |
|||
}} |
|||
===Suncoast Casino, Hotels & Entertainment=== |
|||
{{main|Suncoast Casino and Entertainment World}} |
|||
{{Infobox Casino |
|||
| casino = Suncoast Casino, Hotels and Entertainment |
|||
| logo =Suncoast logo.jpg |
|||
| logo_size = |
|||
| image = Tsogo_Sun_Suncoast_Exterior_v4.jpg |
|||
| image_size = 250 |
|||
| image_caption = |
|||
| location = [[Durban]], [[South Africa]] |
|||
| address = |
|||
| date_opened = November 2002 |
|||
| names_pre = |
|||
| date_closed = |
|||
| casino_type = Land-based |
|||
| owner = Tsogo Sun |
|||
| architect = |
|||
| rooms = 164 |
|||
| space_gaming = |
|||
| attractions = |
|||
| notable_restaurants = |
|||
| renovations = |
|||
| website = {{URL|tsogosun.com/suncoast-casino}} |
|||
}} |
|||
===The Caledon Casino=== |
|||
{{Infobox casino |
|||
| name = The Caledon Casino |
|||
| logo = |
|||
| logo_size = |
|||
| image = |
|||
| image_size = |
|||
| image_caption = |
|||
| location = |
|||
| address = |
|||
| date_opened = {{start date and age|df=yes|2024}} |
|||
| names_pre = |
|||
| date_closed = |
|||
| casino_type = |
|||
| theme = |
|||
| owner = Tsogo Sun <ref name=tsogo/> |
|||
| rooms = |
|||
| attractions = |
|||
| notable_restaurants = |
|||
| space_gaming = |
|||
| shows = |
|||
| renovations = |
|||
| coordinates = |
|||
| website = {{url|https://www.thecaledoncasino.co.za/}} |
|||
}} |
|||
===The Marco Polo=== |
|||
{{Infobox casino |
|||
| name = The Marco Polo |
|||
| logo = |
|||
| logo_size = |
|||
| image = |
|||
| image_size = |
|||
| image_caption = |
|||
| location = |
|||
| address = |
|||
| date_opened = {{start date and age|df=yes|2024}} |
|||
| names_pre = |
|||
| date_closed = |
|||
| casino_type = |
|||
| theme = |
|||
| owner = Tsogo Sun <ref name=tsogo/> |
|||
| rooms = |
|||
| attractions = |
|||
| notable_restaurants = |
|||
| space_gaming = |
|||
| shows = |
|||
| renovations = |
|||
| coordinates = |
|||
| website = {{url|https://themarcopolo.co.za/}} |
|||
}} |
|||
===The Ridge Casino=== |
|||
{{Infobox casino |
|||
| name = The Ridge Casino |
|||
| logo = |
|||
| logo_size = |
|||
| image = |
|||
| image_size = |
|||
| image_caption = |
|||
| location = |
|||
| address = |
|||
| date_opened = {{start date and age|df=yes|2024}} |
|||
| names_pre = |
|||
| date_closed = |
|||
| casino_type = |
|||
| theme = |
|||
| owner = Tsogo Sun <ref name=tsogo/> |
|||
| rooms = |
|||
| attractions = |
|||
| notable_restaurants = |
|||
| space_gaming = |
|||
| shows = |
|||
| renovations = |
|||
| coordinates = |
|||
| website = {{url|https://www.theridge.co.za/}} |
|||
}} |
|||
== See also == |
|||
* [[List of casinos in South Africa]] |
|||
In May 2022 Tsogo Sun Hotels rebranded<ref>{{Cite web |date=2022-05-26 |title=Rebounding Tsogo Sun Hotels in big rebrand back to Southern Sun |url=https://www.moneyweb.co.za/news/companies-and-deals/rebounding-tsogo-sun-hotels-in-big-rebrand-back-to-southern-sun/ |access-date=2022-06-08 |website=Moneyweb |language=en}}</ref> to [[Southern Sun Hotel Group|Southern Sun]]. |
|||
== References == |
== References == |
Latest revision as of 14:55, 24 September 2024
TSG | |
Industry | Hospitality, Entertainment, Tourism |
Founded | 1995 |
Successor | Tsogo Sun |
Headquarters | Johannesburg , South Africa |
Number of locations | 15 Casinos, 16 Hotels, 24 Galaxy Bingo sites |
Area served | South Africa |
Key people | Chris Du Toit (CEO) |
Brands | Montecasino, Suncoast Casino, Gold Reef City Casino, Gold Reef City Theme Park, Silverstar Casino, Golden Horse Casino, The Ridge Casino, Emnotweni Casino, Blackrock Casino, Goldfields Casino, Mykonos Casino, the Caledon Casino, Garden Route Casino, Hemingways Casino, Palazzo Hotel, the Pivot Hotel Montecasino, Piazza Hotel Montecasino, Hotel Perte Montecasino, Gold Reef City Hotel, Gold Reef City Theme Park Hotel, Silverstar Hotel, Golden Horse Hotel, Suncoast Hotel, Suncoast Towers, Blackrock Hotel, Garden Route Hotel, The Caledon Hotel & Spa, The Ridge Hotel, The RidgePoint Hotel, Hemingways Hotel, playTSOGO, bet.co.za, The Marco Polo Gaming in Sandton, Oasis Casino, Galaxy Bingo, VSlots |
Services | hospitality, leisure, gaming and entertainment[1] |
Website | tsogosun.com |
Tsogo Sun is a South African gaming, hotels and entertainment group. Tsogo Sun operates 15 casinos, 24 Galaxy Bingo sites, 1 Independent Site Operator Licence (ISO) as well as VSlots ("LPMs") Limited Pay-out Machines across nine provinces, including but not limited to Bet.co.za bookmaker licences, hotels, a Theme Park, theatres, movie cinemas, restaurants, bars and conference facilities.[2][3][4]
Tsogo Sun means 'resurrection' or 'new life' – a term that mimics the daily rising of the sun in Setswana.[5]
Ownership
[edit]Prior to 2011, Tsogo Sun Holdings owned and operated two divisions: Southern Sun Hotel Interests and Tsogo Sun. On 24 February 2011, Tsogo Sun Holdings concluded a merger with and reverse listing through Gold Reef Resorts.[6]
The group was one of the largest Johannesburg Stock Exchange listed companies in the hotel and tourism sector with a market capitalisation of R30.8 billion.[7][8] Since the unbundling[9] of its business into separate hotels and gaming interests in June 2019, Southern Sun and Tsogo Sun have been listed separately on the JSE. Tsogo Sun (TSG[10]) and Tsogo Sun Hotels (TGO[11] trading as Southern Sun) are both owned by Hosken Consolidated Investments (47%)[12] and public shares.[13]
History
[edit]The group was established in 1969, when hotelier Sol Kerzner founded the chain of Southern Sun Hotels in partnership with South African Breweries.[14]
Prior to 1994, the group's gambling operations were limited to those hotels located in Apartheid-era bantustans, as gambling in the rest of South Africa was heavily restricted. When the new democratic government came to power, gambling was legalised, which enabled the group to add 14 gaming destinations to its portfolio.[15]
Through a process of bid applications, the group acquired five casino licences: Emnotweni (Nelspruit), The Ridge, Hemingways, Montecasino and Suncoast.[16]
Two additional casinos, The Caledon and Blackrock (formerly known as Century Casino), were added to the group's portfolio in 2009 by acquiring Century Resorts Limited and Winlen Casino Operators (Pty) Limited. Subsequently, a further seven casinos were added to the portfolio through the reverse buy-out of Gold Reef Resorts in 2011: Gold Reef City, Silverstar, Queens, Mykonos, Goldfields, Golden Horse and Garden Route.[17][18][19]
In May 2014, the group announced that it had entered into transaction agreements resulting in Tsogo Sun acquiring a 40% equity interest each in SunWest International and Worcester Casinos. This transaction gave the group a stake in all five casinos located in the Western Cape.[20] However the deal failed and subsequently in 2016 an agreement was reached that gave Tsogo Sun a 20% stake in SunWest International and the Worcester Casino. [21]
As of 1 June 2017[22] the Tsogo Sun CEO was Jacques Booysen.[23] Jacques Booysen previously served as managing director of Gaming at Tsogo Sun Holdings since April 2007.[24]
The group notified shareholders on 15 March 2019[25] of a proposed restructuring that would result in a separation of hotel and gaming interests and separate JSE listing[26] of Tsogo Sun Hotels and Tsogo Sun Gaming.
As of 12 June 2019 Tsogo Sun was split into Tsogo Sun and Tsogo Sun Hotels. Tsogo Sun Hotels (now Southern Sun) includes individually branded hotels such as the luxury Beverly Hills and Palazzo as well as hotel brands that include Southern Sun Hotels, Garden Court, SunSquare and Hi Hotels.[27][28]
Tsogo Sun Gaming includes casinos precincts such as Montecasino and Gold Reef City as well as ownership of Galaxy Bingo[29] that operates 23 bingo venues across South Africa and V Slots[30] a leading supplier of Limited Pay Out slot machines. In 2020 Tsogo Sun Gaming acquired a majority ownership of South African sports betting website Bet.co.za.[2]
Properties
[edit]Blackrock Casino
[edit]Blackrock Casino | |
---|---|
Owner | Tsogo Sun [31] |
Website | www |
Blackrock Casino is a hotel and casino located in New Castle in KwaZulu-Natal, South Africa
Emerald Resort & Casino
[edit]Emerald Resort & Casino | |
---|---|
Location | Vanderbijlpark, Emfuleni, South Africa |
Address | 777 Frikkie Meyer Blvd, Vanderbijlpark, 1900, South Africa |
Opening date | 1997 |
Owner | Tsogo Sun (55%)[31] |
Coordinates | 26°44′34″S 27°51′28″E / 26.74274°S 27.85771°E |
Website | www |
Emerald Resort & Casino is a hotel and casino located at a private estate on the banks of the Vaal River in Vanderbijlpark, South Africa. The casino opened in 1997.[32]
Emnotweni
[edit]Emnotweni Casino | |
---|---|
Opening date | 2024 |
Owner | Tsogo Sun [31] |
Website | www |
Garden Route Casino
[edit]Garden Route Casino | |
---|---|
Opening date | 2024 |
Owner | Tsogo Sun [31] |
Website | www |
Gold Reef City Casino & Theme Park
[edit]Gold Reef City Casino & Theme Park | |
---|---|
Opening date | 2024 |
Owner | Tsogo Sun [31] |
Website | www |
Goldfields Casino
[edit]Goldfields Casino | |
---|---|
Opening date | 2024 |
Owner | Tsogo Sun [31] |
Website | www |
Golden Horse Casino
[edit]Golden Horse Casino | |
---|---|
Opening date | 2024 |
Owner | Tsogo Sun [31] |
Website | www |
Hemingways Casino
[edit]Hemingways Casino | |
---|---|
Opening date | 2024 |
Owner | Tsogo Sun [31] |
Website | www |
Montecasino
[edit]Montecasino | |
---|---|
Location | Fourways, Sandton |
Address | 1 Montecasino Blvd, Fourways, Sandton, 2021 |
Opening date | 2000 |
Theme | Italian Village |
Owner | Tsogo Sun |
Website | www |
Mykonos Casino
[edit]Mykonos Casino | |
---|---|
Opening date | 2024 |
Owner | Tsogo Sun [31] |
Website | www |
Silverstar Casino
[edit]Silverstar Casino | |
---|---|
Opening date | 2024 |
Owner | Tsogo Sun [31] |
Website | www |
Suncoast Casino, Hotels & Entertainment
[edit]Suncoast Casino, Hotels and Entertainment | |
---|---|
Location | Durban, South Africa |
Opening date | November 2002 |
No. of rooms | 164 |
Casino type | Land-based |
Owner | Tsogo Sun |
Website | tsogosun |
The Caledon Casino
[edit]The Caledon Casino | |
---|---|
Opening date | 2024 |
Owner | Tsogo Sun [31] |
Website | www |
The Marco Polo
[edit]The Marco Polo | |
---|---|
Opening date | 2024 |
Owner | Tsogo Sun [31] |
Website | themarcopolo |
The Ridge Casino
[edit]The Ridge Casino | |
---|---|
Opening date | 2024 |
Owner | Tsogo Sun [31] |
Website | www |
See also
[edit]References
[edit]- ^ Nicole Cassandra Naidoo (16 July 2014). "Participation essential for Tsogo Sun shareholders". CNBC Africa. Archived from the original on 4 March 2016. Retrieved 26 November 2014.
- ^ a b "Tsogo Sun to acquire betting platform Betcoza". BusinessLIVE. Retrieved 25 July 2022.
- ^ "Tsogo Sun buys Vukani, Galaxy | IOL Business Report". iol.co.za. Retrieved 27 September 2019.
- ^ "Tsogo Sun boosted by gaming alternatives". BusinessLIVE. Retrieved 27 September 2019.
- ^ Esipisu, Isaac (18 October 2013). "Top executive jobs at Tsogo Sun cut". CNBC Africa. Archived from the original on 24 March 2018. Retrieved 26 November 2014.
- ^ Matthew Boyle; Kamlesh Bhuckory; Chris Spillane (7 July 2014). "SABMiller to Sell $1.09 Billion Stake in Tsogo Sun". Bloomberg News. Retrieved 26 November 2014.
- ^ Andreas Paleit; Nick Wilson (7 July 2014). "SABMiller to sell out of African hotel and casino group Tsogo Sun". Financial Times. Retrieved 6 December 2014.
- ^ Clementine Fletcher (15 April 2014). "SABMiller Mulls Options for $1.04 Billion Tsogo Sun Stake". Bloomberg L.P. Retrieved 14 December 2014.
- ^ "Tsogo Sun plans hotel listing on 12 June". Fin24. 23 May 2019. Retrieved 27 September 2019.
- ^ "Tsogo Sun Gaming Ltd, TSG:JNB summary – FT.com". markets.ft.com. Retrieved 27 September 2019.
- ^ "Tsogo Sun Hotels Ltd, TGO:JNB summary – FT.com". markets.ft.com. Retrieved 27 September 2019.
- ^ "Business Segments". www.hci.co.za. 7 January 2016. Archived from the original on 6 December 2021. Retrieved 30 May 2023.
- ^ "Investors | Tsogo Sun Hotels". Tsogo Sun. Retrieved 27 September 2019.
- ^ Thomas, Nathalie (7 July 2014). "SABMiller sheds final remnant of former conglomerate days". The Daily Telegraph. London. Retrieved 26 November 2014.
- ^ David S. Fick (2000). Rule, Stephen P.; Sibanyoni, Chris (eds.). The Social Impact of Gambling in South Africa: An Initial Assessment for the National Gambling Board. HSRC Press. p. 52. ISBN 9780796919717. Retrieved 26 November 2014.
- ^ AbdouMaliq Simone (2008). Nuttall, Sarah; Mbembe, Achille (eds.). Johannesburg: The Elusive Metropolis. Duke University Press. ISBN 9780822381211. Retrieved 26 November 2014.
- ^ Baumann, Julius (6 August 2012). "Gaming groups oppose new Cape Town casino". Business Day. Retrieved 26 November 2014.
- ^ Hasenfuss, Mark (21 November 2014). "Tsogo Sun places bet on growing casinos". Business Day. Retrieved 27 November 2014.
- ^ Staff reporter (18 February 2010). "Merger creates major SA gaming, hotel company". Mail & Guardian. Retrieved 27 November 2014.
- ^ Farhaanah Mahomed (13 May 2014). "Tsogo Sun acquires a stake in two casino businesses". CNBC Africa. Retrieved 26 November 2014.
- ^ https://www.marketscreener.com/quote/stock/GRAND-PARADE-INVESTMENTS--6582681/news/Tsogo-Sun-Gaming-Ltd-completed-the-acquisition-of-20-stake-in-SunWest-International-Proprietary-an-35412233/
- ^ "Executive Directors – Tsogo Sun Board". Tsogo Sun. Retrieved 13 July 2017.
- ^ "Tsogo Sun gets new CEO". iol.co.za. 31 May 2017. Retrieved 22 May 2024.
- ^ Jacques Booysen: Executive Profile & Biography – Bloomberg. Amended 13 July 2017. Retrieved 22 May 2024
- ^ "Tsogo Sun to restructure hotel interests". Fin24. 15 March 2019. Retrieved 30 May 2019.
- ^ "Tsogo Sun will bring the largest hotel business in SA to public investors". BusinessLIVE. Retrieved 30 May 2019.
- ^ "Tsogo Sun Launches Budget Brand". Etnw. Retrieved 27 September 2019.
- ^ "New low-cost 'limited service' hotels to launch in South Africa". businesstech.co.za. Retrieved 27 September 2019.
- ^ "Galaxy Bingo – Gaming. Entertainment". Galaxy Bingo. Retrieved 27 September 2019.
- ^ "VSlots". Retrieved 27 September 2019.
- ^ a b c d e f g h i j k l m Condensed Unaudited Consolidated Interim Financial Statements (PDF) (Report). Tsogo Sun Gaming. 24 November 2022. p. 24.
- ^ "Gambling revenue: Gauteng casinos on top". IOL Business Report. 6 March 2018. Retrieved 6 March 2018.
External links
[edit]