SUN IN­TER­NA­TIONAL

Finweek English Edition - - INVESTMENT -

El­e­ment In­vest­ment Man­agers be­lieves that the ho­tel and casino group is a good counter to hold in its port­fo­lio at the moment. Port­fo­lio man­ager Ter­ence Craig wrote in a news­let­ter to clients: “While Sun In­ter­na­tional does face po­ten­tial new com­pe­ti­tion if a sec­ond casino li­cence is awarded in Cape Town, this may still be a num­ber of years away from be­com­ing a re­al­ity. Over­all, Sun In­ter­na­tional has ex­tremely high bar­ri­ers to en­try, as casino li­cences are highly reg­u­lated with a fi­nite num­ber hav­ing been granted.”

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