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Sun International mulls to sell assets in Panama and Colombia

Monday, October 9, 2017

South Africa's Sun International is looking to sell certain assets it has in the Ocean Sun Casino in Panama and is planning to exit the Sun Nao Casino in Colombia, the casino and hotel operator's chief executive said on Monday.

Stiff competition, fewer available casino licences and consumers feeling the pinch in Africa's most industrialised country have pushed the gaming group to broaden its horizons to Latin America.

However, operations in Panama and Colombia have continued to underperform.

Source: Reuters