Sun International trips up on new Panama Casino

Sun International pulled out all the cost-cutting stops to offset tough trading conditions in its South African market, but was tripped up by a poor start at its new casino in Panama and foreign exchange losses in Nigeria.

Reporting results for the financial year to end-June, CEO Graeme Stephens said Sun would have reported a 27% increase in headline earnings had the performance not been hampered by events in Panama and Nigeria.





Source: Business Day