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Tag Archives: IPS

South Africa – Sun International rejects approach from Chilean investors for 50.1 per cent stake

Sun International, the owner of South Africa’s Sun City resort, has rejected an offer for a 50.1 per cent stake in its business, from Chilean investment firm Nueva Inversiones Pacifico Sur (IPS), which would have increased its shareholding from 22 per cent. Sun International’s second biggest shareholder, Value Capital Partners (VCP) opposed the bid from…

UK – LeoVegas snaps up IPS and Rocket 9

LeoVegas is buying the assets of Intellectual Property & Software Limited and other related assets from two further companies, including top brands such as 21.co.uk, Slotboss, Bet UK and UK Casino. During the fourth quarter of 2017, IPS generated revenues of £11.7m and, together with the companies whose assets are also being acquired as part…