Gambling Profits Increase in South Africa
Revenue grows
Revenue grows [Enlarge Image]
By Gene Koprowski
Gambling in Sun International's casinos is growing. New figures emerged today from the leisure group's results for the year ending June 30, 2008.


Though economic conditions and lower consumer spending have been reported in some places, the casino group reported an 11-percent increase in Earnings before Interest, Tax, Depreciation, and Amortization (EBITDA).

Adjusted earnings per share for period under review showed a three-percent increase.

The company said the economic climate was - to a significant degree - mitigated by an increase in international visitors.

Group revenue at $7, 6 billion was 10 percent up on the previous year, with a 0, 3 percentage point improvement in margins to 37, 2 percent. Adjusted headline earnings per share of 39 cents were 3 percent ahead of last year, the company said.
A dividend of 258 cents per share was declared, bringing the total dividends per share for the year to 480 cents, 20 percent above last year.

Gaming revenues grew 9 percent to $5, 8-billion with slots growth at 9 percent and table growth at 12 percent, while other revenues grew 12 percent.

Sun Palace Casino
Where the fun begins
in every game!
Sun Palace Casino


Total capital expenditure for the year was $861-million and included expansions and refurbishment.
 
Look for casino revenues from other companies globally to increase too in forthcoming reports. U.S. economic figures were reported as having grown at over 3 percent in the last quarter -- averting a feared downturn. Three percent growth is consistent with the growth rate during the Reagan era and Clinton era and slightly ahead of the average for the Bush era.



© Copyright 2008 Online Casino Crawler This material may not be published, broadcast, rewritten, or redistributed.

Features


Casino Tales-All about casino games, tips of your favorite online casino right here...

Why Gamble Online?”: There are some ways to gamble, in a land based casino or online casino. Right now we are going to give you  some reasons why it is better to do it online. More...

Casino Glossary: Find out gambling terms, terminology used by the professionals. More…


Search our Site

Search

SlotsPlus
We had a winner!!!
Janet M.
of Switzerland
Hit the Jackpot $133,293.48
in Slotsplus




Bonus Codes: The nice thing about an emerging & competitive industry is that consumers tend to get courted rather nicely. What bonus did you received? Learn More...


Cash-Out Options:
In an actual casino cardroom, the term cash out is fairly literal. Learn More…

Read more articles related with the marvelous world of Online
Casinos here...

Progressive Games @
Las Vegas USA Casino

Feel in Las Vegas at
Vegas Casino Online