In addition, the dispute between the parties ends when the locals tried last year to take over a percentage of the company that controls, among others, the Sun Monticello casino.
The Fischer brothers continue to increase their bet on the gambling casino industry at a time when the pandemic has it on the ropes. At dawn on Friday the company they control, Inversiones Pacífico Sur, reported that it reached an agreement with Sun International para acquire the remaining 65% in Sun Dreams, so it keeps all of the shares.
This marks the end of the South African in Chile, In addition to ending the dispute between the parties when the locals tried last year to take over 15% of the company that controls, among others, the Sun Monticello casino.
Although the essential fact sent to the Commission for the Financial Market (CMF) does not give an account of the transaction figures, In a statement it was indicated that the operation was carried out for US $ 160 million.
In addition, Chileans will pay a variable amount, which is subject to certain earnings projections in the event of renewing some currently valid gaming licenses.
The president of the South Pacific, Claudio Fischer, pointed out that “the complex scenario that this industry faces, fortunately we face it with a solid financial position, which allows us to take advantage of opportunities to grow in a business that we know and in which we have stood out for as a serious and responsible company “.
Sun Dreams is currently present in Chile, Peru, Panama, Argentina and Colombia. The company’s activities are focused on the operation of casinos, online gaming, hotels, restaurants, convention centers, among other activities related to the entertainment and tourism industry.
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