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Sun International to open casino in Trump Panama

Friday, November 30, 2012

Listed hotel and gaming group Sun International said on Thursday it had entered into an agreement with Newland International Properties, the developer of Trump Ocean Club International Hotel & Tower Panama, to buy the development’s casino.

Sun International acting CEO Garth Collins said the group has been, and still is, actively hunting for expansion opportunities in South and Latin America. He said that the acquisition would allow the group to further broaden its footprint in the region.

The group’s Monticello operation in Chile has been a big contributor to its revenue growth.

Source: BusinessDay