Sun International sees 60.6% surge in online gambling income

Stephen Grootes speaks to Anthony Leeming, CEO of Sun International, about the company's impressive annual results, driven by the significant growth of its online gambling sector.

Listen to the interview in the audio player below.

South African gaming and hospitality group, Sun International's earnings are up by over 10% in the year to end 31 December.

The boost coming from its online betting service, SunBet, with its revenue grew by over 60%.

The SunBet online gaming unit raked in a record R1.2 billion in the last financial year.

At the same time, Sun International is also seeing a recovery in its tourism market. 

Revenue from rooms and food & beverages was also up by 10%. 

Speaking to Stephen Grootes on The Money Show, Anthony Leeming, CEO of Sun International says there's an overall improvement in the hospitality and entertainment sectors.

He says a large portion of its revenue comes in from locals.

"Our occupancies have been good, and obviously translated into better improved revenues."

- Anthony Leeming, CEO - Sun International

"Given the value and the cost of travelling overseas nowadays, more people are staying at home and Sun City is an ideal destination."

- Anthony Leeming, CEO - Sun International

"We believe that by 2028, we'll be doing at least R3 billion in revenue...and so far we're meeting and exceeding our expectations."

- Anthony Leeming, CEO - Sun International

Scroll to the top of the article to listen to the full interview.