Conditional approval for casinos� merger

Tuesday, August 04, 2015

The Competition Authority (CA) has put measures in place to ensure that a position of dominance is not created or strengthened in the casino and gaming market, due to the acquisition of Peermont Group by Sun International.

In a merger decision notice released on Friday, the CA said they decided to authorise the proposed acquisition transaction on condition that the global and gaming giants will not be involved in mapping business strategy for the local casino operations.

The CEO of CA, Thula Kaira explained that the Authority had made conclusive analysis.

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Conditional approval for casinos� merger

The Competition Authority (CA) has put measures in place to ensure that a position of dominance is not created or strengthened in the casino and gaming market, due to the acquisition of Peermont Group by Sun International.

Rollers, Orapa brace for two-part sequel

Stanbic pretax profits up 11%

The audacity to be a unicorn

Faulty gadgets top complaints to BOCRA

Civil Society fights 'flawed' constitutional amendment

Civil Society calls for Constitution review governing Act

IEC rejects 2,513 registrations

Motshegwa prevails against detractors

Inspect the voters' roll!