Thunderbird’s Gaming Operations in Peru Are Sold
14 Avril 2018 - 7:05PM
Thunderbird Resorts Inc. (“Thunderbird” or
“Group”) (Euronext Amsterdam:TBIRD)
(FSE:4TR):
In accordance with the Group’s
press release of October 5, 2017, the Group is pleased to announce
that it has sold all of our Peruvian gaming operations to Sun
Dreams S.A. of Chile for a sale price of USD $26 million. The
Peruvian gaming operations include our local flagship Fiesta Casino
consisting of approximately 680 gaming positions and 3 other gaming
operations in Peru, with approximately 560 gaming positions. The
sale also includes approximately 7,000 m2 of gaming real estate and
150 parking spaces.
The Group continues to own a mixed-use, 19-story
tower in Lima, Peru comprised of a 66 all-suite hotel,
approximately 5,400 m2 of leasable offices, and 158 underground
parking spaces.
More information about the Group’s remaining
assets, liabilities, and its plans for the future will be published
in its 2017 Annual Report no later than April 30, 2018.
We will keep you informed as there are material
events and progress.
Salomon GuggenheimChief Executive Officer and
President
ABOUT THE COMPANY: We are an
international provider of branded casino and hospitality services,
focused on markets in Latin America. Our mission is to “create
extraordinary experiences for our guests.” Additional information
about the Group is available at www.thunderbirdresorts.com.
Contact: Peter LeSar, Chief Financial Officer ∙
Email: plesar@thunderbirdresorts.com
Cautionary Notice:
Cautionary Notice: This disclosure contains certain forward-looking
statements within the meaning of the securities laws and
regulations of various international, federal, and state
jurisdictions. All statements, other than statements of historical
fact, included in this press release, half year report and Annual
Report, including without limitation, statements regarding
financial statements, balance sheet, debt, potential revenue and
future plans and objectives of Thunderbird are forward-looking
statements that involve risk and uncertainties. There can be no
assurances that such statements will prove to be accurate and
actual results could differ materially from those anticipated in
such statements. Important factors that could cause actual results
to differ materially from Thunderbird's forward-looking statements
include competitive pressures, unfavorable changes in regulatory
structures, and general risks associated with business, all of
which are disclosed under the heading "Risk Factors" and elsewhere
in Thunderbird's documents filed from time-to-time with the
Euronext Amsterdam and other regulatory authorities.
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