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This week, the news broke that Sun International and the shareholders of Peermont have mutually agreed to terminate the R7.2 billion deal that would’ve seen Sun International acquire Peermont’s business that has eight casinos in South Africa.
Read: Sun International pulls plug on Peermont deal
The casino they really wanted was of course Emperors Palace, with the rest of the portfolio being rats and mice.
The Competition Commission took 172 business days to reach their recommendation in late 2024 that the deal should be prohibited by the Competition Tribunal.
Then the Competition Tribunal itself took so long…