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Gold Reef Tsogo Sun merger nears completion

15th February 2011 9:10 am GMT

South Africa’s Competition Tribunal has unconditionally approved the proposed merger between two of the country’s leading gaming operators, Gold Reef Resorts Limited and SABMiller owned Tsogo Sun Holdings Limited – almost one year to the day after the initial merger was announced.

The decision by the Competition Tribunal followed an 8-day hearing in which the Competition Commission recommended the approval of the merger, subject to the condition that the merged entity sell-off Silverstar Casino in order [...]

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