Hotels and casino merger blocked
Friday, December 11, 2015
![Peermont owns 60% of the Grand Palm Hotel and Casino](https://cdn4.premiumread.com/?url=https://www.mmegi.bw/uploads/imported_images/2015/december/11/phpA2FC.tmp.jpg&w=400&q=72&f=jpg&t=1)
Peermont owns 60% of the Grand Palm Hotel and Casino
The deal, which would have resulted in Sun taking over Peermont’s Grand Palm hotel, Mondior, Metcourt Inn and the casinos including the one at Sedibeng hotel in Botswana, had already been given a conditional greenlight in Botswana.
In a recommendation to its tribunal, the Competition Commission of South Africa yesterday blocked the deal saying it will prevent decreasing competition in an already concentrated market.
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