Sun International has had a tough lesson in “winning some, losing some” as the hotel, gaming and entertainment group received a welcome boost from gaming – but had to shell out R54-million over the course of 2022 to keep ahead of rolling blackouts…

On Monday, the group released its results for the year ending December 2022, reflecting that income for the year was up 44% from the prior year, to R11.3-billion [$620 million]…

It said a combination of market share gains for its “urban casinos” (casinos not attached to hotel resorts), the turnaround of Sun City and “exceptional growth” in its alternate gaming businesses, plus sustainable cost savings, contributed to the SA adjusted operational performance being up by 96% to R3.3-billion.