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South African Casino News

Sol Still On Top

Sol Kerzner, South Africa’s king of resort and casino development, this week has said “We’re making right now. We are definitely profitable.” This follows on reports that his hotel group’s occupancy rates had fallen from 80% to 67%.

Kerzner has recently put his new projects on hold due to the global economic recession. These projects included a multi billion dollar resort in Las Vegas. The Sun King made his fortune with Sun City in South African and Paradise Island in the Bahamas. In 2008, he opened that Atlantis resort in Dubai, which is estimated to have cost R15 billion to build.

Kerzner described his company as well financed and without debt problems. Kerzner was in Morocco to disc the Mazagan site, which will be the country’s biggest casino boasting over 400 slot machines and 50 gaming tables together with a 500 key hotel.

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