Metropolitan divests South African casino properties to bolster UK growth

Metropolitan divests South African casino properties to bolster UK growth

Article brief provided by SBC News
  • Ted Menmuir, SBC News
September 13, 2022 10:18 PM
  • Ted Menmuir, SBC News
  • South Africa
  • United Kingdom

Metropolitan Gaming has offloaded its South African casino interests in a move that the firm has said is reflective of a focused strategy to invest and develop facilities across primary markets.

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After purchasing 11 venues across the United Kingdom, Egypt and South Africa from Caesars Entertainment in August 2021, the casino and entertainment firm added the Park Lane Club London in June 2022 in what was reported as “an excellent addition”.

This latest development has seen the sale of its interest in Emerald Resort and Casino, which is located in the South African city of Vanderbijlpark, be made to a consortium controlled by Tsogo Sun.