The Peermont Group, a South African hospitality and gaming company, recently announced the acquisition of Sun International for an estimated $398 million. This acquisition marks a major milestone for both companies, as it will create a larger and more diverse hospitality and gaming portfolio.

Sun International is a leading hospitality and gaming company in South Africa, with a presence in more than 10 countries. The company operates some of the most iconic resorts in the region, including the Sun City Resort in South Africa and the Atlantis Resort in the Bahamas. Sun International also operates casinos in several countries, including the United States, Mexico, and Peru.

The acquisition of Sun International by the Peermont Group will create a larger and more diverse portfolio of hospitality and gaming offerings. The combined portfolio of resorts, casinos, and other gaming properties will create a strong presence in the region. The Peermont Group will also benefit from Sun International’s expertise in the hospitality and gaming industry, as well as its strong customer base.

The acquisition is expected to be completed by the end of 2021, and both companies are looking forward to the opportunities that this new partnership will bring. The Peermont Group is confident that this acquisition will strengthen its position in the hospitality and gaming industry, while Sun International is looking forward to expanding its presence in the region.

This acquisition is a major milestone for both companies and marks a new era for the hospitality and gaming industry in South Africa. With the combined resources of both companies, the Peermont Group will be able to offer an even wider range of services to its customers. This is an exciting time for both companies, and it will be interesting to see how this acquisition will shape the future of the hospitality and gaming industry in South Africa.