Africa’s biggest casino operator Tsogo Sun Gaming has become one of the top five investors in leading South African hotel chain City Lodge, with a 5% stake, share ownership data showed.
The stake, acquired by HSS Investments and Entertainment Holdings, two subsidiaries of Tsogo Sun Gaming, could herald the casino operator’s return to the hotel business, reversing its split into two separate entities – casinos and hotels – in 2019.
According to Refinitiv and company’s shareholding data, HSS Investments and Entertainment Holdings between them owned up to 5% in City Lodge as of mid-May.
The two unlisted entities are not known publicly to be Tsogo Sun Gaming subsidiaries, but information from the companies’ register showed they share an address and have some of the same directors as Tsogo Sun.
