Tsogo Sun
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Tsogo Sun is a South African
hotel A hotel is an establishment that provides paid lodging on a short-term basis. Facilities provided inside a hotel room may range from a modest-quality mattress in a small room to large suites with bigger, higher-quality beds, a dresser, a re ...
,
gambling Gambling (also known as betting or gaming) is the wagering of something of Value (economics), value ("the stakes") on a Event (probability theory), random event with the intent of winning something else of value, where instances of strategy (ga ...
, and
entertainment Entertainment is a form of activity that holds the attention and Interest (emotion), interest of an audience or gives pleasure and delight. It can be an idea or a task, but it is more likely to be one of the activities or events that have deve ...
group, half owned by
Cape Town Cape Town is the legislature, legislative capital city, capital of South Africa. It is the country's oldest city and the seat of the Parliament of South Africa. Cape Town is the country's List of municipalities in South Africa, second-largest ...
-based investment holding company Hosken Consolidated Investments. Tsogo Sun operates 15 casinos, 24 Galaxy Bingo sites, 1 Independent Site Operator Licence (ISO), VSlots Limited Pay-out Machines (LPMs) across 9 South African provinces, Bet.co.za bookmaker licenses, hotels, a theme park,
theaters Theatre or theater is a collaborative form of performing art that uses live performers, usually actors to present experiences of a real or imagined event before a live audience in a specific place, often a Stage (theatre), stage. The performe ...
, movie cinemas, restaurants, bars, and conference facilities. Tsogo Sun means 'resurrection' or 'new life' – a term that mimics the daily rising of the sun in Setswana.


Ownership

Prior to 2011, Tsogo Sun Holdings owned and operated two divisions: Southern Sun Hotel Interests and Tsogo Sun. On 24 February 2011, Tsogo Sun Holdings concluded a merger with and reverse listing through Gold Reef Resorts. The group was one of the largest Johannesburg Stock Exchange listed companies in the hotel and tourism sector with a market capitalisation of R30.8 billion. Since the unbundling of its business into separate hotels and gaming interests in June 2019, Southern Sun and Tsogo Sun have been listed separately on the JSE. Tsogo Sun (TSG) and Tsogo Sun Hotels (TGO trading as Southern Sun) are both owned by Hosken Consolidated Investments (47%) and public shares.


History

The group was established in 1969, when hotelier Sol Kerzner founded the chain of Southern Sun Hotels in partnership with South African Breweries. Prior to 1994, the group's gambling operations were limited to those hotels located in Apartheid-era bantustans, as gambling in the rest of South Africa was heavily restricted. When the new democratic government came to power, gambling was legalised, which enabled the group to add 14 gaming destinations to its portfolio. Through a process of bid applications, the group acquired five casino licences: Emnotweni (Nelspruit), The Ridge, Hemingways, Montecasino and Suncoast. Two additional casinos, The Caledon and Blackrock (formerly known as Century Casino), were added to the group's portfolio in 2009 by acquiring Century Resorts Limited and Winlen Casino Operators (Pty) Limited. Subsequently, a further seven casinos were added to the portfolio through the reverse buy-out of Gold Reef Resorts in 2011: Gold Reef City, Silverstar, Queens, Mykonos, Goldfields, Golden Horse and Garden Route. In May 2014, the group announced that it had entered into transaction agreements resulting in Tsogo Sun acquiring a 40% equity interest each in SunWest International and Worcester Casinos. This transaction gave the group a stake in all five casinos located in the Western Cape. However the deal failed and subsequently in 2016 an agreement was reached that gave Tsogo Sun a 20% stake in SunWest International and the Worcester Casino. As of 1 June 2017 the Tsogo Sun CEO was Jacques Booysen. Jacques Booysen previously served as managing director of Gaming at Tsogo Sun Holdings since April 2007. The group notified shareholders on 15 March 2019 of a proposed restructuring that would result in a separation of hotel and gaming interests and separate JSE listing of Tsogo Sun Hotels and Tsogo Sun Gaming. As of 12 June 2019 Tsogo Sun was split into Tsogo Sun and Tsogo Sun Hotels. Tsogo Sun Hotels (now Southern Sun) includes individually branded hotels such as the luxury Beverly Hills and Palazzo as well as hotel brands that include Southern Sun Hotels, Garden Court, SunSquare and Hi Hotels. Tsogo Sun Gaming includes casinos precincts such as Montecasino and Gold Reef City as well as ownership of Galaxy Bingo that operates 23 bingo venues across South Africa and V Slots a leading supplier of Limited Pay Out slot machines. In 2020 Tsogo Sun Gaming acquired a majority ownership of South African sports betting website Bet.co.za.


Properties


Blackrock Casino

Blackrock Casino is a hotel and
casino A casino is a facility for gambling. Casinos are often built near or combined with hotels, resorts, restaurants, retail shops, cruise ships, and other tourist attractions. Some casinos also host live entertainment, such as stand-up comedy, conce ...
located in New Castle in
KwaZulu-Natal KwaZulu-Natal (, also referred to as KZN) is a Provinces of South Africa, province of South Africa that was created in 1994 when the government merged the Zulu people, Zulu bantustan of KwaZulu ("Place of the Zulu" in Zulu language, Zulu) and ...
,
South Africa South Africa, officially the Republic of South Africa (RSA), is the Southern Africa, southernmost country in Africa. Its Provinces of South Africa, nine provinces are bounded to the south by of coastline that stretches along the Atlantic O ...


Emerald Resort & Casino

Emerald Resort & Casino is a hotel and
casino A casino is a facility for gambling. Casinos are often built near or combined with hotels, resorts, restaurants, retail shops, cruise ships, and other tourist attractions. Some casinos also host live entertainment, such as stand-up comedy, conce ...
located at a private estate on the banks of the Vaal River in Vanderbijlpark,
South Africa South Africa, officially the Republic of South Africa (RSA), is the Southern Africa, southernmost country in Africa. Its Provinces of South Africa, nine provinces are bounded to the south by of coastline that stretches along the Atlantic O ...
. The casino opened in 1997.


Emnotweni


Garden Route Casino


Gold Reef City Casino & Theme Park


Goldfields Casino


Golden Horse Casino


Hemingways Casino


Montecasino


Mykonos Casino


Silverstar Casino

Silverstar Casino & Hotel is located in Muldersdrift, Mogale City in Johannesburg, Gauteng, South Africa. The casino first opened its doors in 2007.


Suncoast Casino, Hotels & Entertainment


The Caledon Casino


The Marco Polo


The Ridge Casino


See also

* List of casinos in South Africa


References


External links


Tsogo Sun Hotels Official Site
{{Witwatersrand companies InterContinental Hotels Group brands Hospitality companies of South Africa Casinos in South Africa Companies based in Johannesburg Entertainment companies established in 1969 1969 establishments in South Africa Companies listed on the Johannesburg Stock Exchange