Sun defends move to �dominate� casino industry

Hodge appearing before the Mergers Review Committee of the Competition Authority. PIC: KENNEDY RAMOKONE
Hodge appearing before the Mergers Review Committee of the Competition Authority. PIC: KENNEDY RAMOKONE

International resort and hotel chain, Sun International has defended its intentions to acquire hotel and gaming company, Peermont Group, saying the takeover is unlikely to result in anticompetitive behaviour in the casino industry.

If granted regulatory approval, the acquisition of

Peermont’s assets in Botswana will result in Sun International, which divested out of Gaborone Sun last year but retained the Casino business there, owning all casinos in Francistown and two of the three in Gaborone.

Editor's Comment
Botswana at a critical juncture

While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...

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