CASINO NIGERIA Tsogo Sun sells Nigerian hotel 8 months ago Szarlot Post Views: 346 South African casino group Tsogo Sun is in the process of selling a Nigerian hotel to a Mauritius-based company. Tsogo is selling the Southern Sun Ikoyi to Kasada Albatross Holding, a subsidiary of Kasada Hospitality Fund, for $30.4m. A shares agreement has already taken place and the acquisition is at an advanced stage. Tsogo Sun’s Marcel van Aulock is reported by Gaming for Africa to have said in a recent podcast that the sale of the hotel would bring Tsogo around R660m (€39.7m). “Then we have done a deal with our sister company, Tsogo Sun Gaming. They want to take their own hotel management in-house, very much like the other casino groups do and we are going to get a new R250-plus million (€15m) out of that. “So R900m (€54.1m) is very material for us. We started Covid with a debt balance of R3.1bn and there was a lot of worry at the time that because you are losing money you are just going to build up a debt balance that ends up so much that you cannot get out of it.” Source: intergameonline.com About Post Author Szarlot I am a fan of casino games especially roulette and blackjack. After that I analyze current events in the gambling industry. See author's posts SzarlotI am a fan of casino games especially roulette and blackjack. After that I analyze current events in the gambling industry. Facebook Twitter LinkedIn Email Print Tags: casino, Nigeria, Tsogo Sun Continue Reading Previous The online blackjack gaming evolution.Next Play-to-Earn Gaming Adoption in Nigeria to Double in 2022 More Stories NIGERIA ONLINE Does Nigeria really have the biggest gambling industry in Africa? 3 days ago Szarlot NIGERIA ONLINE Safest Betting Apps for Nigerian Players 3 days ago Samuel BETTING NIGERIA 13 players win over N160m via BetKing’s ACCA 4 days ago Szarlot NIGERIA ONLINE Google suspends 5.6m advertisers in Nigeria 5 days ago Samuel EXPERTS NIGERIA Paying deeper attention to our youths 6 days ago Samuel BETTING NIGERIA Top eight apps for sports betting in Nigeria 7 days ago Samuel LOTTERIES NIGERIA How LuckyMe Nigeria is adding value to lives 7 days ago Samuel BETTING HOT NEWS NIGERIA How Nigerian celebrities are fueling the sports betting boom 7 days ago Szarlot BETTING NIGERIA Why is Nigeria not attracting the top gambling brands? 1 week ago Szarlot CASINO NIGERIA Nigeria Could Become Africa’s Premier Gambling Region 1 week ago Samuel EXPERTS NIGERIA The current state of Crypto adoption in Nigeria 1 week ago Szarlot EXPERTS NIGERIA Google delists 5.6 million advertiser accounts 1 week 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.