Login/Register
Evolution
Evolution
High 5 Games
OpenBet

Caesars sells South African casino to Peermont for $49m

17th May 2019 6:28 am GMT

New York-listed casino operator Caesars Entertainment Corporation has agreed to sell its majority-owned South African venue Emerald Resort & Casino for total proceeds of $49m.

Caesars will sell its 70 per cent stake in Emerald Resort to Johannesburg-based gaming and hospitality giant Peermont Hotels, Casinos and Resorts.

Cash proceeds to be received by Caesars will total $39m, with the deal implying a 7.9x multiple on 2018 EBITDA of $6.2m.

"While Emerald Resort & Casino is a unique property, [...]

Continue reading

Subscribe for full access to Gaming Intelligence including premium news content, feature articles, news archive, company profiles and more. Includes subscription to the print edition of GIQ magazine and postage.

Subscribe

Already a subscriber or registered user? Login

Relax Gaming
Greentube
Pragmatic Solutions
Sportradar
digitain
Gamomat
Future Anthem
Genius Sport
NeoGames
G2E
High 5 Games
Pronet Gaming