Sun City Owner s Profit Jumps On Big Betting Gains
State government talks are ongoing with The Star which reportedly requires $300 million in short-term funding to continue operating the precinct in Brisbane's CBD which opened on August 29, employing 3000 people. The blueprint surveyed more than 800 businesses with 95 per cent saying they are not happy with the current level of government support and six per cent believing there was a lack of planning for the long-term economic future. But in a report made public on Friday, the second Adam Bell-led inquiry declared the period since the last findings in 2022 had been "marked by lost opportunities and missteps", including four significant compliance breaches.
JOHANNESBURG, Sept 9(Reuters) - Sun International reported a 9.1% rise in first-half earnings on Monday, as record growth in the South African casino and hotel group's betting business helped drive its income. Mosiac, the struggling company that owns womenswear brands Noni B, Katies, Autograph and more, said on Friday it needed to resolve a number of matters prior to the finalisation of its results and anticipated lodging them by the end of September. When you loved this post and you would want to receive details regarding แทงบอลออนไลน์ assure visit our own web site. "The gaming industry is experiencing dynamic changes and Sun International, through Sunbet, will continue leveraging its strong brand and market presence to expand our customer base and enter new online markets across Africa," Sun International said.
'However, the Bell Report underscores the NICC's concerns that it was not receiving all of the facts from The Star at a time when we needed certainty the company could fund and prioritise an urgent business turnaround,' he said. 'The Bell Report notes that Mr Steve McCann Group CEO, Ms Janelle Campbell Sydney CEO and Ms Jeannie Mok Group Chief Operating Officer, bring important experience and expertise to the process of engagement with regulators and remediation and cultural transformation, which will be vital if the NICC decides that The Star should remain as the operator of The Star Casino,' Mr Crawford said.
The regulator's chief commissioner, Philip Crawford, said the latest Bell report validated concerns that prompted the second inquiry, highlighting a company that had not moved fast enough to address previously aired governance and cultural issues. It showed "systemic and extremely serious issues" involving multiple Star staff falsifying records to suggest they had intervened in players' extended gambling stretches when no interaction had taken place.
The Star's Sydney licence remains suspended after a first inquiry found damning evidence of anti-money laundering and counter-terrorism failings, although it has been allowed to keep the casino operating with a regulator-appointed manager. The owner of the Sun City resort and Maslow Sandton and Table Bay high-end hotels said adjusted headline earnings per share - its main profit measure - rose to 2.15 rand ($0.1201) in the six months to June 30, from 1.97 rand a year earlier.
Sun International, which achieved mixed results across its segments, said in a statement its urban casino income - its biggest revenue generator - was flat at 3.3 billion rand. Sunbet was the stand-out with a 71.8% rise in income to 512 million rand.
