CASINO NIGERIA Tsogo Sun sells Nigerian hotel 2 years ago Szarlot Post Views: 564 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 LOTTERIES NIGERIA Nationwide league signs N964m sponsorship deal, unveils technical partners 21 hours ago Szarlot NIGERIA ONLINE Can Lagos become Africa’s gaming hub? 21 hours ago Szarlot EXPERTS NIGERIA Africa Surges to Become Third Largest E-gaming Market With 186M Players 4 days ago Samuel BETTING NIGERIA PalmPay And BetKing Promote Responsible Gaming In Nigeria 4 days ago Samuel EXPERTS NIGERIA Binance executives detained in Nigeria 5 days ago Samuel CASINO UGANDA Kampala`s Underworld in Casinos 6 days ago Szarlot EXPERTS NIGERIA Binance Exits Nigeria, Government Launches Crypto Inquiry 6 days ago Samuel BETTING NIGERIA Should sports betting be banned or regulated? 7 days ago Szarlot EXPERTS NIGERIA The Future of Gaming Unveiled at AGE LAGOS 2024! 7 days ago Samuel NIGERIA ONLINE Crypto Regulation In Nigeria In 2024 7 days ago Samuel BETTING NIGERIA Bet9ja Breaks Silence After Nigerian Man Wins N110 Million 1 week ago Samuel NIGERIA ONLINE Nigeria Releases New Guidelines For Crypto Companies 2 weeks ago Szarlot 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.