Sun International permanently closing two SA properties

Rising costs, a decline in revenue – and now COVID-19 has claimed two casinos in South Africa: Sun International has announced that Carousel Casino and Naledi Casino will now be permanently closed and will not reopen after the country comes out of lockdown.

Naledi Casino, in Thaba Nchu in Free State, and Carousel Casino in the North West, have both been operating at a loss in recent years; in a statement, Sun International CEO Anthony Leeming said: “Given the unprecedented crisis that South Africa is facing, we accept that the authorities have no option but to implement a country-wide lockdown to protect lives. However, the inevitable financial burden it placed on us has impacted our ability to continue subsidising under-performing properties.

“We previously made every effort to turn both businesses around, but these efforts have not achieved the desired results.”

Leeming said Naledi, a slots-only casino, had run at a loss for years, while Carousel had incurred losses “for some time”.

 

Source: SowetanLIVE