Tsogo said the proposed transaction represented an attractive investment opportunity that would provide it with an interest in quality casino assets in an area where it had limited exposure.
"The proposed transaction is consistent with Tsogo's growth strategy of allocating capital to attractive opportunities in the hotel and gaming sector," the company said.
It said that Tsogo will be a minority shareholder in SunWest and Worcester and will not have any operational responsibilities.
"All operations of SunWest and Worcester will continue to be managed by Sun International Management Limited‚ a subsidiary of Sun International‚ under its existing management contracts‚" the company said.
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