CASINO SOUTH AFRICA South Africa’s Sun International bets on high spenders for income 1 year ago Samuel Post Views: 533 South Africa’s gaming and hotel group Sun International is expanding its timeshare units by building 58 luxury villas for 295 million rand ($16.55 million) at its Sun City resort, as the hospitality industry readies for a full recovery from the COVID-19 pandemic blow. Travellers, largely free of COVID-linked restrictions, are spending again on hotels, airplane tickets and gambling. That trend has so far showed no signs of slowing down, especially for high-end spenders, even as some worry about high inflation and the potential for an economic slowdown. Bookings and income have bounced back from April 2020 lows, getting above 2019 levels in recent months, Sun International’s CEO Anthony Leeming told Reuters at the launch of the new Lefika villas in Sun City. “We wanted to really attract international travellers back and the top-end (tourists), so had to fix the product up,” – Leeming said. Johannesburg-based Sun International, which also owns the high-end Maslow hotel and GrandWest Casino, said the new villas will attract about 400 new high-end spenders onto the popular resort based in the mining North West province. Big lodging companies are counting on timeshare, a holiday ownership club model, for growth because they often provide stable income during a downturn given the length of membership ranging from 5 to 10 years. The development represents Sun International’s first significant expansion at Sun City resort since 2004. Mark Pitchers, development manager at Sun International told Reuters that major refurbishments and developments worth 1.1 billion rand are underway at the resort, which include the planned second phase expansion of the holiday villas, potentially building a sports complex and a high performance centre to attract international teams doing training. “There’s a lot of people who are interested in coming here to bring sports events in Sun City,” Pitchers said. Source: marketscreener.com About Post Author Samuel I am a journalist specializing in gambling in Africa and around the world. I am particularly interested in stories about games and casinos. See author's posts SamuelI am a journalist specializing in gambling in Africa and around the world. I am particularly interested in stories about games and casinos. Facebook Twitter LinkedIn Email Print Tags: casino, South Africa, Sun Internaational Continue Reading Previous BetGames marks latest African expansion with Sahara GamesNext How slot games took over casinos – and our hearts More Stories ONLINE SOUTH AFRICA Is it time for South Africa to properly regulate online casinos? 17 hours ago Samuel CASINO EXPERTS Do People Actually Win Money Playing Slots? 17 hours ago Szarlot ONLINE SOUTH AFRICA SA Gaming to unveil its latest products at SiGMA Africa 2024 17 hours ago Iwo Bulski CASINO SOUTH AFRICA A comparative analysis of land casinos, online casinos in South Africa 2024 2 days ago Szarlot EXPERTS SOUTH AFRICA Big Africa Summit coming in March 3 days ago Iwo Bulski BETTING SOUTH AFRICA Understanding Correct Score Betting Meaning 4 days ago Szarlot LOTTERIES SOUTH AFRICA Kimberley accounting firm raided over lotteries commission inquiry 7 days ago Samuel CASINO WORLD NEWS Novomatic has appointed Stefan Krenn as a new member of its Executive Board 1 week ago Iwo Bulski EXPERTS SOUTH AFRICA South Africa lined up to host SiGMA Africa 2024 expo 1 week ago Iwo Bulski CASINO WORLD NEWS Macau: Casinos set for bumper month 2 weeks ago Szarlot ONLINE SOUTH AFRICA Popular Casino Games In South Africa 2 weeks ago Szarlot ONLINE SOUTH AFRICA South Africa edging closer to issuing VASP licenses: FSCA official 2 weeks ago Samuel Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.