Tsogo Sun and Sun Overseas Think About New Western Cape Casino Deal

Tsogo Sun and Sun Overseas Think About New Western Cape Casino Deal

South gambling that is african Tsogo Sun and Sun International have actually revived plans for Western Cape casino ownership reshuffle. Tsogo Sun has revealed so it would buy a 20% stake in two Sun Global subsidiaries that operate casinos into the Western Cape.

Final summer time, the two companies canceled a deal, under the terms of which Tsogo Sun could have paid R2.1 billion for the stake in 2 Western Cape gambling venues GrandWest Casino and Golden Valley Casino, owned by its competing Sun Overseas. After an investigation by the regulators that are relevant the nation’s Competition Commission recommended that the Competition Tribunal prohibit the deal. If, nevertheless, the transaction was completed, Tsogo Sun would have had impact in all five casinos operating into the Western Cape.

Less than an after the two gambling companies abandoned the deal, they are now planning to materialize another, less ambitious, idea year. Tsogo Sun has established that it is to purchase a 20% stake in Sun International’s subsidiaries SunWest Global and Worcester Casino. The company is always to spend the amount of R1.3 billion.

Therefore, Sun Overseas would remain in possession of a controlling stake within the two organizations and would additionally enable its partner Grand Parade Investments to remain mixed up in South gambling industry that is african. People who have knowledge of the situation proposed that the deal that is proposed be classified being a non-notifiable, meaning it’s not likely to be examined by competition authorities. 继续阅读Tsogo Sun and Sun Overseas Think About New Western Cape Casino Deal