PDF 25 MB - Sun International | Investor Centre
PDF 25 MB - Sun International | Investor Centre
PDF 25 MB - Sun International | Investor Centre
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AT A GLANCE<br />
WHAT WE ACHIEVED<br />
Final components of the Monticello development were<br />
completed with the retail and entertainment facilities<br />
opening in October 2009 and the 155-room hotel in<br />
December 2009.<br />
Monticello successfully reopened four months after the<br />
Chile earthquake.<br />
The 200-slot and 8-table casino at the Federal Palace Hotel<br />
in Lagos, Nigeria, opened in December 2009, the first of<br />
its kind in the city, and the conference facility opened in<br />
January 2010, at a combined cost of US$19 million.<br />
Major investments were made in refurbishing a number of<br />
our South African properties.<br />
IN THIS SECTION:<br />
JOINT REPORT OF THE CHIEF EXECUTIVE AND CHIEF FINANCIAL OFFICER continued<br />
4. STRATEGIC GROWTH AND EXPANSION<br />
We continue to explore opportunities in Africa and other international opportunities to complement our operations in Nigeria<br />
and Chile. In South Africa, we continue to investigate opportunities as they arise.<br />
Monticello<br />
2010 Capital expenditure Rm<br />
Expansionary<br />
Monticello 313<br />
Sibaya 41<br />
Refurbishment<br />
354<br />
Lesotho 101<br />
Wild Coast <strong>Sun</strong> 88<br />
189<br />
Other on-going asset replacement 424<br />
967<br />
Monticello reinstatement costs 64<br />
Total capital expenditure 1 031<br />
<strong>International</strong> expansion p54 South Africa p54 Capital commitments p55<br />
53
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