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.

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