Boardwalk (Facebook)
Gaming group Sun International the owner of landmark casino complexes in South Africa such as Sun City, GrandWest and The Boardwalk has been pummeled by the Covid-19 pandemic.
Income from continuing operations has plunged by almost half to R6.1 billion for its full-year to the end of December 2020.
The drastic drop in income, largely driven by government-instituted lockdown measures to curb the spread of the virus, saw the group reporting a R1.1 billion headline loss for the year on Monday.
Sun International, along with other gaming and hospitality groups, was forced to shut operations for just more than three months from late March to June last year.
It then faced ongoing trade restrictions including domestic and international travel bans, liquor bans, curfews, and capacity limits due to social distancing rules.
Commenting on the results, Sun International CEO Anthony Leeming said the group had taken key steps during the year to manage the impact of the pandemic on the business.
For a detailed report visit www.moneyweb.co.za
