After receiving the final regulatory approvals for its merger with Chilean firm Dreams earlier this month, Sun International is set to invest up to US$300m to improve and expand its casino estate in South America.
According to a report from El Comercio, South Africa-based Sun is planning to spend $250m renovating its existing properties in Peru, which include the prestigious Casino New York in Lima as well as a pair of nearby slot parlours, while building a new integrated gaming complex and entertainment centre in the capital.
The merged Sun Dreams enterprise has applied for permission to build a new 250-room casino in Lima offering approximately 1,000 slots alongside an arena and parking spaces for 1,500 cars.
Martin Davila, CEO of Dreams Peru, told El Comercia that the operator was currently investigating sites for its latest development in the Lima districts of Surco, La Molina and Miraflores while praising the economic certainties brought about by the nation’s current policy of regulation.
