Sun Doubles Down On Peru After Colombia, Panama Prove Problematic

South Africa’s Sun International is looking to pull back from struggling investments in Colombia and Panama as it prepares to acquire new casinos in Peru and bid on additional licences in Chile, according to a first-half trading update.

The casino group also said on Friday that it was reverting to a “back to basics” strategy of more careful capital allocation after first-half results showed previous expansion investments failing to pay off as planned.

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