Chilean operator Sun Dreams has finalised the purchase of four casinos in Peru from Thunderbird Resorts, in a $26m deal.
The acquisition will see Sun Dreams add the Fiesta Hotel and Casino in the Miraflores district of the capital, and three other operations in Lima, Tacna and Cusco to its portfolio of properties in the country having bought them from Thunderbirds Resorts.
“The decision [to acquire the properties] reaffirms our commitment to continue investing in Peru, a country that has developed a competitive and transparent gaming industry with a stable regulatory framework,” said Martín Dávila, general manager of Sun Dreams Peru.
Following the completion of the deal, Santiago-headquartered Sun Dreams – the largest casino operator in Latin American – now operates seven casinos and slot parlours in Peru, hosting a total of 1,924 slot machines and 89 gaming tables.
“We are proud of this major step that doubles our footprint in Peru and represents a great opportunity to expand our presence in a competitive industry with a stable regulatory framework,” said Jaime Wilhelm, CEO of Sun Dreams.
“The purchase forms part of Sun Dreams SA’s international expansion plans and will have a positive impact on our results.”