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Metropolitan Gaming Sells Interest in South African Business to Focus on Core Markets
Metropolitan Gaming Limited announced the sale of its interest in Emerald Resort and Casino to a consortium controlled by Tsogo Sun.
The sale will allow Metropolitan Gaming to focus on its core markets of the UK and Egypt, where it is committed to building the Metropolitan brand through acquisition and investment. Work is already underway on the refurbishment and rebranding of its Mayfair property which will reopen later this year.
Michael Silberling, CEO of Metropolitan Gaming, said: “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.
“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.”
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