SUN INTERNATIONAL LIMITED - Sun International is approved to operate a casino in Panama

Sun International is approved to operate a casino in Panama

Sun International Limited
(Incorporated in South Africa)
(Registration number 1967/007528/06)
Share code: SUI ISIN: ZAE000097580

SUN INTERNATIONAL IS APPROVED TO OPERATE A CASINO IN PANAMA

Further to the various announcements, detailing the casino opportunity in
Panama City, Sun International is pleased to announce that it has been
granted approval to operate a casino in Panama.

As a result of the approval, Sun International has acquired on a freehold
basis the casino component, certain apartments and the Penthouse level of
the Trump Ocean Club International Hotel and Tower for a purchase
consideration of US$45,5 million.

The group will commence with the fit out of the casino to be known as the
“Ocean Club Casino” in December 2013 with an anticipated opening date
scheduled for September 2014. The casino will consist of 600 slots and 32
tables allocated between the circa 5,800 sqm casino located on the ground
floor and a 1,400 sqm Prive situated on the 66th floor Penthouse to be
known as “The Panaviera”. The fit out of the casino and related facilities
is anticipated to cost US$60 million.

The Ocean Club Casino is the group’s second venture in Latin America and
Panama is considered to be an important and strategic market for Sun
International’s expansion into the region.

For further information, please contact Michael Farr on +27 71 440 1112.



Sandton
14 November 2013


Sponsor:

Rand Merchant Bank (a division of First Rand Bank Limited)

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