Investors not afraid of betting when the odds seem stacked against them might be tempted to have a flutter on the local gaming sector. In particular, they may want to look at the two large casino companies that have lately endured some serious share-price pressure.

The share price of Tsogo Sun, SA’s largest casino group, has drifted down 28% since peaking at a R31 high in August last year. Sun International, which is carrying a heavy debt load after revamping its local casino portfolio and increasing its exposure to the Latin American gaming sector, has seen its share price crumble by more than 50% over three years.

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, Morningstar financial data, and digital access to the Sunday Times and Times Select.

**Promotion:  Standard Bank is giving new subscribers three months free* when they take up a BL Premium subscription.
*Read more (Ts & Cs apply) or click “Subscribe” below to continue.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00.