Sun International

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Sun International Hotels Limited is a resort hotel chain and casino destination from South Africa created by Sol Kerzner, probably best known for its Sun City Resort near Rustenburg in the North West Province. Specialising in gaming, hospitality and entertainment, the company owns 42.5% of the South African casino market.[1] Sun International Hotels is headquartered in the Bahamas, on Paradise Island, which is the world's largest island resort, 70% of which is owned by the company. [2] Sun International has been incorporated in South Africa in 1967 and also runs a head office in Sandton, Johannesburg.[1]

History[edit]

Their hotel business traces its roots back to 1969, when the Southern Sun Hotel Company was created when South African Breweries and South African businessman Sol Kerzner joined forces. By 1983, Southern Sun Hotels operated 35 hotels, generating a net income of $35 million [2]. At this time, South African Breweries split its hotel interests into two; Sun International, headed by Sol Kerzner, retained all of the casino hotels located in the areas that South Africa had designated as "independent homelands" and had Southern Sun as a 20% stakeholder. Sol Kerzner sold all of his share in Southern Sun to focus on Sun International (South Africa). Southern Sun retained the company's other hotels in South Africa, and remained focused on the hotel market rather than casinos. 1984 saw the commencement of Kersaf Investments Limited, a company that took great interest in Sun International (South Africa). This commencement was by a scheme of arrangement, such that Sun International would form one of Kersaf's subsidiaries.[1] Kersaf was more focused on cinemas, restaurants, shopping and leisure at first, but as the next twenty years passed, its hotel and casino interests thrived under the Sun International brand, and slowly Kersaf began to dispose of its other interests and acquire more share in Sun International.

After the end of Apartheid in South Africa in 1994, the so-called homelands were re-integrated into the new South Africa. This allowed Southern Sun to develop its own gaming resorts and began to compete increasingly with Sun International. In 2000, Southern Sun sold its stake in Sun International to Kersaf Investments Limited, who then continued to acquire minority interests in Sun International.[1] In 2004, Kersaf Investments Limited merged with Sun International to form Sun International Limited, the company that exists today.[3] As of 2017, Sun International Limited owns or is involved in 19 international hotels, casinos and resorts.[4]

Properties[edit]

Sun City
Hotel Monticello in Chile

Today, the Sun International brand operations include resorts, luxury hotel products, and casinos, across 20 destinations in 4 countries.

Country Resort
 Nigeria The Federal Palace Hotel
 Swaziland Lugogo Sun
Royal Swazi Spa
 South Africa Carnival City Casino and Entertainment World
Flamingo Casino
The Golden Valley Casino
Meropa Casino and Entertainment World
Naledi Sun
Sibaya Lodge
Sun City
Wild Coast Sun
Windmill Casino and Entertainment Centre
The Carousel Casino and Entertainment World
Time Square Casino
The Boardwalk Casino and Entertainment World

The various Sun International destinations host events – from music concerts to sporting events and functions. The Sun City Resort hosts the Miss South Africa pageant and the Nedbank Golf Challenge.[4]

References[edit]

  1. ^ a b c d "History: The Sun International Journey". Sun International. Retrieved 2017-10-04.
  2. ^ a b "Sun International Hotels Limited - Company Profile, Information, Business Description, History, Background Information on Sun International Hotels Limited". www.referenceforbusiness.com. Retrieved 2018-08-17.
  3. ^ "Notification of Decision to Approve Merger" (PDF). Competition Trubunal. 25426: 19. 12 September 2003.
  4. ^ a b "About Us". Sun International. Retrieved 2017-10-04.