Sun Dreams Investing $250 Million In Peru

Sun Dreams, formed by the merger of Sun International and Dreams SA, will develop a $250 million casino complex in Lima, Peru. Dreams General Manager Martin Dávila said the property will be based on its Chilean model. Dreams also has operations in Peru, and Sun International operates casinos and hotels in Chile, Panama and Colombia.

Sun Dreams recently announced it will invest 0 million to develop an integrated entertainment center in Lima, Peru. Sun Dreams, the largest gaming operator in Latin America, is the result of the recent merger between Sun International, South Africa’s second largest hotel and casino operator, and Dreams SA, a gaming and entertainment industry leader with operations in Chile and Peru. Sun International already owns and operates casinos and hotels in Chile, Panama and Colombia.

Dreams General Manager Martin Dávila said, “Peru is a highly attractive market for foreign investment. Bearing this in mind, we decided to carry out an aggressive investment plan to bring a unique integrated entertainment and leisure resort offering to the country. This will allow us to differentiate from our competitors, and significantly increase our growth.” He added the new Lima venue will “replicate the Chilean model by offering a unique and compelling integrated entertainment center in the city.”

Beyond the new Lima property, Dávila commented, “The company’s efforts will be focused on consolidating operations across all markets where we are currently active, and this includes Peru, of course,” as well as Brazil and Colombia.”

Regarding the new Sun Dreams company, he added, “The merger has already become operational. What we need to do now is to choose a board, define statutes and formalize certain legal documents. We’re working on it.”