Edition:
United States

Sun International Ltd (SUIJ.J)

SUIJ.J on Johannesburg Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Sun International says ‍Superintendencia De Casinos De Juego approves proposed acquisition of 50% intereest in Sun Latam Spa​
Wednesday, 15 Nov 2017 10:40am EST 

Nov 15 (Reuters) - SUN INTERNATIONAL LTD :SUPERINTENDENCIA DE CASINOS DE JUEGO, CASINO REGULATOR IN CHILE HAS APPROVED PROPOSED ACQUISITION OF 50% INTEREEST IN SUN LATAM SPA​.‍ALL CONDITIONS PRECEDENT PERTAINING TO PROPOSED ACQUISITION BEEN FULFILLED OR WAIVED, TRANSACTION HAS BECOME UNCONDITIONAL​.  Full Article

Sun International unit concludes share purchase agreement with Thunderbird Resorts, Casinos Peruanos​
Wednesday, 11 Oct 2017 02:55am EDT 

Oct 11 (Reuters) - Sun International Ltd ::UNIT ‍SUN DREAMS S.A. HAS ENTERED INTO AND CONCLUDED SHARE PURCHASE AGREEMENT WITH THUNDERBIRD RESORTS INC. AND CASINOS PERUANOS​.SUN INTERNATIONAL - ‍PURCHASE PRICE PAYABLE FOR DEAL IS US$ 26 MILLION WHICH INCLUDES CERTAIN IMMOVABLE PROPERTY VALUED AT US$ 10 MILLION​.‍SUN DREAMS HAS AGREED TO ACQUIRE FROM SELLERS 100% OF CERTAIN PERUVIAN COMPANIES​.SUN INTERNATIONAL LTD - ‍"SUN INTERNATIONAL BOARD HAS DEEMED IT PRUDENT TO PROCEED WITH PROPOSED ACQUISITION​".  Full Article

Sun International says CEO Graeme Stephens to step down
Friday, 4 Nov 2016 11:15am EDT 

Sun International Ltd : Executive director and Chief Executive, Graeme Stephens, will be leaving Sun International Group at end of April 2017 .Stephens will be succeeded by Anthony Leeming, current chief financial officer, who will take over with effect from May.1 2017.  Full Article

Sun International FY diluted adjusted HEPS falls 20 pct
Monday, 22 Aug 2016 02:31am EDT 

Sun International Ltd : FY revenue increased 15 pct to R12.2 billion . FY diluted adjusted HEPS decreased 20 pct to 628 cents . Final gross cash dividend of 135 cents per share . With opening of Time Square at Menlyn in April next year Morula Casino will be closed and carousel will be severely impacted . All options, including disposal are being considered for Carousel which will need to be downscaled when time square opens . Started talks with Western Cape Gambling Board, Gauteng Gambling Board regarding tax concessions for international VIP programme to be viable . In South Africa, economic environment remains a serious concern . Despite a slowdown in Chilean economy we expect continued growth from our portfolio of properties in that country . Anticipate a slight improvement in performance from existing business during current 6 month period .Sun with opening of Time Square Casino in April next year we anticipate meaningful growth in revenue and EBITDA for full period.  Full Article

Sun Intl sees FY headline loss per share down 159 pct-167 pct
Wednesday, 17 Aug 2016 03:30am EDT 

Sun International Ltd : Says FY headline loss per share ("HLPS") is likely to be between 370 to 420 cents per share (down 159-167 pct) . Says FY loss per share ("LPS") is likely to be between 400 to 447 cents per share (down 142-147 pct) . Says FY 2015 950 cents earnings . Says diluted AHEPS likely to be between 608 and 647 cents per share (18-23 pct) lower than last year's 789 cents .Says HLPS impacted by expense of 748 mln rand(579 mln rand attributed to company) for settlement of time square note.  Full Article