Game Types Bonuses Slots More
Online Casinos Poker Bingo Games Lotteries Sports & Racebooks Fantasy Sports Forex Betting Exchanges Spread Betting Binary Options Live Dealers
Weekly Newsletter Online Gaming News Payment Methods Gaming Software Gaming Site Owners Gaming Jurisdictions Edit Preferences Search

Sun International buys back stock

7 Jun 2007

JOHANNESBURG, South Africa -- As reported by Reuters: "South African casino and hotel operator Sun International will buy back up to 16 percent of its own stock for around 2.34 billion rand, the company said on Wednesday.

"Sun International, South Africa's biggest casino operator, said it has experienced significant growth in the value of its operations while gearing has been reduced due to strong cash flows and debt repayments.

"...The group said if the share buyback scheme is implemented after shareholder and High Court approval, it expects to buy back around 16.08 million shares..."

About Us | Advertising | Publications | Land Casinos