TSOGO Sun is positioning itself for an economic rebound in SA as the continent’s largest gaming and hotels company upgrades casinos in its core market.While there was enough gambling space to meet demand at present, CEO Marcel Von Aulock said he was confident the strategy of adding more square meters and betting machines to venues would pay off. The fortunes of the gaming business were reliant on consumer sentiment, and its fixed-cost nature meant profit would jump if revenue increased, he said."We’re at the tail end of the transformation of the portfolio," Von Aulock said in an interview on Friday. "We’ve done all the work, so we are kind of waiting for the uptick to come."Tsogo, which gets about 65% of its profit from gaming and 30% from hotels, is investing even as the South African economy is forecast this year to grow at the slowest pace since a 2009 recession. The owner of the Montecasino and Gold Reef City has completed upgrades at its third-and fourth-largest casinos and wou...
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