March 24, 2020 / 7:33 AM / 15 days ago

BRIEF-Tsogo Sun Gaming Says All Divisions Of Group Have Been Impacted Due To Covid-19 Situation

March 24 (Reuters) - Tsogo Sun Gaming Ltd:

* JSE: TSG - VOLUNTARY ANNOUNCEMENT - BUSINESS UPDATE AND THE IMPACT OF COVID-19

* TSOGO SUN GAMING LTD - FROM 19 MARCH POSITION DETERIORATED SIGNIFICANTLY WITH SITES OPERATING WITH LIMITED CAPACITY DUE TO REGULATORY RESTRICTIONS.

* TSOGO SUN GAMING LTD - ALL DIVISIONS OF GROUP HAVE BEEN IMPACTED.

* TSOGO SUN GAMING LTD - GROUP WAS ON TRACK TO REDUCE DEBT SIGNIFICANTLY DURING 2021 FINANCIAL YEAR.

* TSOGO SUN GAMING - DEBT COVENANTS SHOULD BE MET AT 31 MARCH MEASUREMENT DATE, BUT DEBT REMAINS HIGH, REDUCING IT WILL BE PRIORITY WHEN TRADING RESUMES

* TSOGO SUN GAMING LTD - WILL BE WORKING HARD TO ENSURE MONTHLY COSTS ARE REDUCED TO AN ABSOLUTE MINIMUM DURING COMING MONTHS

* TSOGO SUN GAMING - ATTENTION SHIFTED TO ELIMINATING VARIABLE OPERATING COSTS AS QUICKLY AS POSSIBLE, REDUCE FIXED COSTS. POSTPONE OR CANCEL CAPEX Source text for Eikon: Further company coverage:

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