Sun International Terminates Peermont Group Acquisition Deal

Sun International Terminates Peermont Group Acquisition Deal

South African resort and casino operator Sun Global revealed today it has made a decision to scrap the R6.5-billion plan for the acquisition of rival casino company Peermont Group.

Sun International currently manages range resorts and gambling enterprises across Africa and Latin America. This past year, the company announced it was about to obtain a 100% stake in Maxshell 114, regarded as Peermont’s holding company.

Michael Farr, spokesman for Sun Global, said on Wednesday that they have decided to abandon the merger plan and will not take any more steps towards the said merger’s completion that they have informed the South African Competition Tribunal. Mr. Farr also described the nation’s Competition Tribunal as an oversight body that can’t be trusted.

Last year, the South African Competition Commission suggested that the purchase deal be obstructed as if completed, it would eradicate any casino competition within the Gauteng province.

Following the statement concerning the deal’s termination, the Competition Tribunal confirmed in a declaration from earlier today that the involved parties informed the Tribunal at a initial hearing that it absolutely was ambiguous whether a merger would ultimately simply take spot and asked for for their instance to be ‘removed from the roll.’

At present, Peermont manages quantity of accommodations so that as numerous as eight gambling venues across Southern Africa.

The announcement concerning the merger’s termination comes just a day after it became clear that gambling operator Tsogo Sun would make another make an effort to acquire a stake that is strategic two Sun Overseas subsidiaries, operating gambling enterprises into the Western Cape. Continuez la lecture

IGT Debuts Spin Ferno Tournament Solution at Seminole Hard Rock Hotel & Casino Tampa

IGT Debuts Spin Ferno Tournament Solution at Seminole Hard Rock Hotel & Casino Tampa

Maker, designer, and provider of gaming machines and associated solutions for the gambling that is global International Game Technology PLC announced today the launch regarding the Spin Ferno spinning reel solution, that is to be deployed by Seminole intense Rock Hotel & Casino Tampa.

The said system solution can give the gambling location the chance to provide customers with automatic slot competition options showcased on the S3000 rotating reel case. The Spin Ferno option would be running on IGT’s really very own Tournament Manager 5.0. The system that is latter allows the S3000 video gaming device to host both multi-site and single tournaments.

IGT pointed out that the Spin Ferno item is 1st of its kind to supply automatic tournaments for technical reel cabinets and it is still another in the grouped family of some other tournament system solutions.

Nick Khin, Senior Vice President of Sales, North America Gaming & Interactive, stated that they are exceedingly pleased with the chance to bring the Spin Ferno treatment for the gambling market with Seminole complex Rock Tampa as their partner.

Of this Spin Ferno item, Mr. Khin additionally said that it would further extend the S3000 cabinet abilities once the video gaming device has became a product that is successful. It could also again exemplify IGT’s leading position in the creation of premium customer experience by ‘pairing game and systems innovation’, according to the official. Continuez la lecture