Metropolitan Gaming sells interest in South African resort to Tsogo Sun
In a statement, Metropolitan Gaming said the sale would allow it to focus on its core markets, the UK and Egypt, where it will pursue acquisition and investment opportunities.
It added that refurbishment and rebranding is underway at its Mayfair property, which is set to open later this year.
Michael Silberling, CEO of Metropolitan Gaming, said that the sale reflects the company’s new strategy to focus on particular markets.
“Following the addition of the iconic Park Lane Club to our portfolio of casinos in the UK earlier this year, the sale of our interest in Emerald Resort and casino reflects our focused strategy to invest in and develop the business within our primary markets,” said Silberling. “We want to thank all our employees at Emerald Resort and Casino past and present for their hard work, professionalism and loyalty, particularly during the global Covid-19 pandemic.”
“We very much look forward to following their progress and successes over the years to come.”
Silberling was appointed as CEO of Metropolitan Gaming in August 2021, off the back of the company’s acquisition of Caesars’ European and African businesses.