Gaming and leisure company Sun International is facing some stacked odds on a number of fronts. But the company has tapped a really sweet spot in its alternative gaming formats Sun Slots (limited payout machines, or LPMs) and Sunbets (sports betting).

In the trading period ending December, Sun Slots generated R1.3bn in revenue (up 12%) and R252m in adjusted operating profit (up 13.5%). This means the LPM operation is more profitable than both of Sun’s Gauteng casinos: the new multi-billion Time Square casino development (which showed operating profits of R222m) and Carnival City (R167m).

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now