CASINO SOUTH AFRICA South Africa’s Tsogo Sun Gaming’s earnings hit by higher finance costs 3 years ago Iwo Bulski Post Views: 602 South African casino operator Tsogo Sun Gaming reported lower adjusted headline earnings per share on Thursday, hurt by higher finance costs. Adjusted headline earnings per share was 68.4 cents for the six months ended Sept. 30, compared to 78.8 cents last year. Tsogo Sun Gaming said it has been focusing on cutting costs and improving operational efficiency at its head office and casinos, and the actions will be bear fruit in the next financial year. “With the further focus of appropriate and reduced capital expenditure spend, the group intends to reduce debt levels in the next financial year,” – the company said. First-half total income rose 5% to 6 billion rand ($406.39 million) from growth in its gaming, food and hotel room businesses. Tsogo Sun Hotels, which was spun out from Tsogo Sun earlier this year, reported first-half headline earnings per share of 5.2 cents in a separate announcement. Headline EPS is the main profit measure in South Africa and strips out certain one-off items. Source: reuters.com About Post Author Iwo Bulski Issues related to the gambling business is engaged in more than 30 years. My empirical experience gives me the opportunity to present events and companies from this business with full knowledge and industry knowledge. See author's posts Iwo BulskiIssues related to the gambling business is engaged in more than 30 years. My empirical experience gives me the opportunity to present events and companies from this business with full knowledge and industry knowledge. Facebook Twitter LinkedIn Email Print Tags: South Africa, Tsogo Sun Continue Reading Previous All bets are off at illegal casinoNext Youth held for betting in South Africa’s Mzansi Super League More Stories LOTTERIES SOUTH AFRICA Key legal files involving Lottery’s multimillion 17 hours ago Szarlot BETTING HOT NEWS SOUTH AFRICA Sports betting, turnover is growing but so are suspicious matches 18 hours ago Iwo Bulski CASINO How Do You Figure Out If a Slot Machine Will Win? 2 days ago Szarlot CASINO SOUTH AFRICA Where in the world are the most luxury casino destinations? 2 days ago Szarlot CASINO ZIMBABWE Zimbabwe: Man killed at a gambling table 3 days ago Samuel BETTING SOUTH AFRICA Analyzing the top 5 online sports betting platforms in South Africa 4 days ago Szarlot EXPERTS SOUTH AFRICA Operators Betting Big On Africa’s Booming iGaming Industry 5 days ago Iwo Bulski CASINO SOUTH AFRICA Sun International bets big on gambling growth 5 days ago Iwo Bulski LOTTERIES SOUTH AFRICA Lottery scandal: R1m paid to influencer in South Africa 1 week ago Samuel CASINO SOUTH AFRICA Sun International on a roll as gamblers spend big after pandemic 1 week ago Samuel CASINO SOUTH AFRICA Kimberley’s Flamingo Casino comes of age 1 week ago Szarlot EXPERTS SOUTH AFRICA Three weeks until Big Africa Summit 2023 2 weeks ago Iwo Bulski 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.