Sun International Limited (JSE:SUI)

Anthony Leeming
Market Cap (AUD): 7.92B
Sector: Consumer Services
Last Trade (AUD): 29.55 -0.44 (-1.5%)
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1. About

Sun International (JSE:SUI) is one of Africa's largest tourism, leisure and gaming groups and operates or has an interest in a total of 19 resorts, luxury hotels and casinos. The Group's entry into Latin America began in Chile in 2008 and has been a success story for the Group giving it the track record and confidence to look for more opportunities that offer gaming opportunities in the region. Sun International's Latin American profile (Monticello Grand Casino in Chile and the Ocean Club Casino in Panama) has now been merged with the casino and hotel profile of Chile-based leader in the gaming and entertainment industry, Dreams SA, making it the largest gaming company in Latin America with operations in Chile, Peru, Colombia and Panama.

Sun's real competitive advantage stems from the fact that it has a global competence in both the development and operation of casinos, hotels and resorts – and at the same time the Group is extremely comfortable operating in emerging markets.

The Group's approach has been to differentiate its hotels, resorts and casinos in architecture, service, experience, location and the mix of entertainment and activities. Creating lasting memories for its guests and customers is a core part of Group DNA. Sun has created some of the world's most iconic hotels from The Palace of The Lost City at Sun City to The Table Bay Hotel in Cape Town. The creative architecture of these properties and the blending of their designs with their local environment make each property unique.

Sun International was the pioneer of gaming in southern Africa, having brought casinos to this part of the world in the late 1970s. The opening of Sun City set the standard for large-scale international events in South Africa, which continues today. Sun City is also home to the Nedbank Golf Challenge which has attracted the world's best golfers for over two decades. From the hosting of Miss South Africa to World Heavyweight title fights, the Sun City Superbowl remains the preferred venue for international events and entertainment.

2. Business model

3. Strategy

4. Markets

5. Competition

6. History

7. Team

8. Financials

9. Risk