Sun International‚ GPI in talks over slots

Sun International and Grand Parade Investments (GPI) announced on Friday they were in advanced talks that may lead to Sun International acquiring a material interest in GPI’s subsidiary known as GPI Slots Proprietary.

The unit owns and operates limited payout machine (LPM) operations.

Sun International said one of its key strategic focus areas was growing its business into new areas and products.

Sun International CE Graeme Stephens said the LPM market was generally characterised by fragmentation and small participants‚ which made meaningful acquisitions difficult.

“An equity interest in GPI Slots would provide Sun International with an immediately meaningful presence in this industry‚ including management and infrastructure‚ rather than trying to grow from scratch‚” Mr Stephens said.

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