SUN International’s expansion into Latin America helped it grow overall revenue 15% to R12bn, but the casino group lost R503m in the year to end-June due to purchasing costs and legal settlements.Revenue from its Latin American casinos surged 40% to R2.45bn, contributing a fifth of its total revenue.Sun International is still heavily dependent on its South African gambling income which remained flat at R7bn, its financial results released on Monday morning showed.READ THIS: Sun International share slumps on warning of loss after Peermont deal failsThe overall revenue contribution from its South African operations grew 11% to R9.5bn, helped by a 67% jump in food and beverage sales to R807m following its move to in-source catering.The group’s loss was largely due to a R675m settlement with Peermont whereby the rival group has agreed to lift its objection for Morula’s casino licence to be transferred to a new casino, Time Square, which is under construction at Menlyn Maine.Shareholders...
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