OVERVIEW
Tourism Casino competition is fierce.
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casino resort on the banks of the Vaal River has changed hands. A hotel group has decided to list its hotel and casino assets separately. Meanwhile, the Time Square Casino is part of a massive investment by Sun International that is going to take some time to pay off. With over 2 000 slot machines and 60 casino tables, the Time Square Casino is part of the Menlyn Maine precinct in Pretoria East and connected to the larger complex that includes a hotel and an events arena that reportedly cost more than R4-billion. Maslow hotels at Menlyn and in Sandton are part of the Sun International brand. Sun International also has a smaller casino in Brakpan, Carnival City, while Tsogo Sun runs Montecasino and Gold Reef City in Johannesburg and Silver Star Casino in Krugersdorp. Tsogo Sun Holdings split its casino and hotel operations in 2019 in order to unlock value in the two sectors. With a market cap of R25-billion, Tsogo is the country’s biggest hotel group. It has 36 hotels and three casinos in Gauteng. The hotels range across several brands covering four market segments, and they include a handful of stand-alone hotels such as the Palazzo (at Montecasino) and 54 on Bath (a boutique hotel in Rosebank). SunSquare, Southern Sun Hotels, Southern Sun Resorts, Garden Court and StayEasy are among the group’s brands. GAUTENG BUSINESS 2019/20
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SECTOR HIGHLIGHTS Tsogo Hotels is listing on the JSE as a separate entity.
Peermont Hotels, Casinos and Resorts has added the Emerald Resort & Casino to its portfolio of properties. Peermont purchased the Vanderbijlpark property from US company Caesars Entertainment Corporation, which brings to 11 the number of casino resorts it runs on the sub-ontinent. Located on the Vaal River, Emerald Resort has a water park, a game park, a spa and several restaurants. Peermont’s suite of four hotels in the Emperor’s Palace complex next to OR Tambo International Airport, also houses
