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Fall in property values result in earnings slump for Tsogo Sun

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Adjusted HEPS are expected to be between 3% and 7% lower than in the previous year

Tsogo Sun is best known for its large urban casinos which include Montecasino and Gold Reef City in Gauteng as well as the sprawling Suncoast precinct in Durban. Picture: ISTOCK

Adjusted headline earnings per share were expected to be between 3% and 7% lower than in the previous year, said the group, which previously announced plans to separately list its hotels division.

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