CASINO NIGERIA Tsogo Sun sells Nigerian hotel 3 weeks ago Szarlot Post Views: 73 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 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 BETTING NIGERIA The Future of Sports Betting in Nigeria 1 day ago Samuel CASINO GAMES Try these studying methods for Poker! 2 days ago Samuel CASINO EXPERTS The best tips for beginner roulette players. 4 days ago Samuel EXPERTS NIGERIA Nigeria’s NLRC takes action on fake sports betting permits 5 days ago Samuel BETTING NIGERIA Nigerian legend Nwankwo Kanu becomes ambassador for sports betting company 5 days ago Iwo Bulski NIGERIA ONLINE Towards robust cyber security for Nigeria 1 week ago Samuel BETTING NIGERIA Ilot NG: sports betting and the economic impact 1 week ago Iwo Bulski CASINO GAMES Tips to learn online gambling games. 2 weeks ago Samuel BETTING NIGERIA How is sport betting contributing to development in Africa? 2 weeks ago Samuel BETTING NIGERIA Sportsbet.io Signed Cassper Nyovest as Brand Ambassador 2 weeks ago Adeleye Awakan BETTING NIGERIA Nigerian government investigates bank and betting company 2 weeks ago Samuel CASINO GAMES Evolution of Poker Games 2 weeks ago Samuel Leave a Reply Cancel replyYour email address will not be published.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.