Sun International expects a massive boost in profits, with customers flocking to its online betting platform.

In a trading update for the year ended 31 December 2023 (FY23), the group said SunBet consistently achieved record income and even exceeded its own ambitious growth targets. The group’s resorts and hotels also saw a strong year, which continued into 2024.

Despite a challenging trading environment, the group’s urban casinos and Sun Slots operations showcased resilience. With this in mind, the group expected basic earnings per share (BEPS) to increase by over 100%, while headline earnings per share (HEPS) are expected to increase by between 82% and 92%…

The group said that it is in a strong financial position, with South African debt dropping from R5.9 billion [$315m] in FY22 to R5.7 billion in FY23.