💰 Tsogo Sun - Wikipedia

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Caesars Entertainment is selling its 70% stake in South African Casinos, and Resorts for the acquisition of Caesars' ownership in the casino.


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Sol Kerzner, South African Casino Tycoon, Is Dead at 84 debt, effectively becoming a management company rather than an owner-operator.


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Sol Kerzner, South African Casino Tycoon, Is Dead at 84 debt, effectively becoming a management company rather than an owner-operator.


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Sol Kerzker, aka the Sun King, developer of South Africa's visionary but controversial Sun City casino resort, has died from lung cancer aged.


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Tsogo Sun is a South African hotel, gaming and entertainment group. As of 12 June , Through a process of bid applications, the group acquired five casino Tsogo Sun Hotels also includes a 59% ownership of Hospitality Property.


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Last week, Caesars' owners revealed that almost every blackjack deck in the casino They ended up on casino tables across South Africa.


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But it is men who pack the blackjack tables. Then the casino examined the cards. Kerzner developed a symbiotic relationship with the homeland leaders. Sun City was the most extravagant a mini Las Vegas of slots, lakes and a golf course. The great marked card fraud has done business at Caesars no harm, although customers are watched more closely. Most popular.{/INSERTKEYS}{/PARAGRAPH} Typically, a casino can expect a 17 per cent return on bets. Caesars is one of a new crop of casinos that have flourished in an industry mired in controversy since Sol Kerzner, the godfather of South African gambling, founded the first casinos two decades ago. Some even said it was a reflection of the skill of South African players. Kerzner persuaded major artists, led by Frank Sinatra, to break the boycott of South Africa and play there. The card tables stand on the spot where, six years ago, Nelson Mandela and FW de Klerk announced the conclusion of negotiations which led to South Africa's first free elections. Kerzner recognised the potential of the newly independent black homelands. An as yet unidentified syndicate had bribed or cajoled a worker at South Africa's only playing card factory into printing a tiny flaw into every high denomination card. Hotels were constructed with casinos attached, and casinos with hotels attached. They found discarded copies of the marked cards as well as decks printed for illegal gambling dens. In return he was allowed to build his empire. Joubert ordered the croupiers to report odd playing patterns. Back in the early 90s it was called the World Trade Centre, and was the scene of tortuous negotiations between the recently unbanned African National Congress and the white government to end apartheid and establish democratic rule. Reuse this content. The first of the new breed was the garish Graceland, where staff have been trained to attempt a 'How y'all doin' when greeting customers. At a discreet distance stand the security men who call themselves the MIBs the Men In Black, after the film of the same name. They saw the money opportunities from taxation, and a race developed for licences. On a Friday night there is still a long wait for a place at the blackjack tables. Caesars is celebrating the cracking of the marked cards case with a blackjack competition. But Caesars got suspicious when its returns on blackjack tumbled one million rand in three weeks. It dawned on Caesars management that it was dealing with an elaborate and widespread form of card marking as more instances were identified in South African casinos. Peering over the players' shoulders are tiny cameras mounted in domes above the tables. From early in the day, the machines are kept busy, mostly by white, middle-aged women. Where Mandela bitterly denounced De Klerk in a speech which brought the talks to a temporary halt now stand banks of slot machines and hyperactive signs distinguishing Roman Rewards from Goddess of Luck and Caesars Cash. There was talk of perpetuating the ban, but then provincial governments were given responsibility for regulating casinos. Legal experts say there are strong doubts that it is a criminal offence in South Africa to cheat at cards. US consortia, South African trade unions and women's banks competed to buy into the boom. But any prosecution faces problems. Tsogo Sun is also fighting a court order instructing the gambling board of a neighbouring province to hand over videos of deliberations after which the company was awarded a casino licence in Witbank. Despite the dirt, more than 40 new casinos are flourishing. {PARAGRAPH}{INSERTKEYS}Last week, Caesars' owners revealed that almost every blackjack deck in the casino was marked. Gambling may have offended Calvinist white South Africa but Bophuthatswana and Transkei were their own countries, at least in Pretoria's eyes if not the rest of the world. They fit the part. The road to Graceland runs through a squatter camp. The casinos had resigned themselves to lower than average returns. The police have identified four suspects from video footage. The end of apartheid spelled doom for many of Kerzner's casinos. Security staff staked out the home of a single employee identified as having handled the printing of the marked cards. It is the cameras that first picked up what Joubert called the 'irregular and irrational game play' of at least four men. They noted the patterns of several men, and how they always positioned themselves so as to get the best view of the cards in the croupier's hands. The casinos offered a few extra inducements, including inter-racial sex. Some carry lunch so they don't have to waste time away from the slots. The first are still at the doors as they open after breakfast. Casino owners had been wondering why their returns on blackjack were below the international norm. White South Africans drove hundreds of kilometres for a weekend of shuffling between the blackjack table and the pool. The suspect, who police and the firm will not name, has told investigators he was made an offer he couldn't refuse by members of a gambling syndicate. He offered cash, for the treasury and individuals' pockets. The awarding of licences in Gauteng province, which includes Johannesburg, was mired in allegations of kickbacks. They ended up on casino tables across South Africa. Either gambling was to remain banned, in which case it would have to be banned in the reincorporated black homelands; or it was to be legalised, in which case it would have to be legalised across South Africa. Caesars owners lured the owner of the Protea Playing Card company, the only firm licensed to print for casinos, into a midnight meeting while the police raided the factory. It's 10am at Caesars Casino and the first blackjack hand of the day is being dealt amid the din of bells on the slot machines. In South Africa, they were making as little as 14 per cent. But the punters don't care about that the tables are more noteworthy as the site of the biggest and most audacious gambling fraud in the country's history. And the wait will soon get a little longer. He was picked up in a 3am raid. The top prize money is , rand about what the casino lost in a day to the men with sharp eyes.