Sun International mulls USD 314mn expansion in South Africa, Nigeria, Zambia.

By bne IntelliNews November 12, 2010
Sun International Ltd, South Africa's biggest casino and hotel group, plans to spend ZAR 2.16bn (USD 313.8mn) to expand its existing operations at home as well as in Nigeria and Zambia, the company's chief executive David Coutts-Trotter told Bloomberg. Sun will fund the expansion program from existing cash flows and bank facilities, Coutts-Trotter said. The money will be spent over a long period of time, so there are no funding issues, the executive noted.

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