Thunderbird's Gaming Operations in Peru to be Sold
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Thunderbird Resorts Inc. /
Thunderbird's Gaming Operations in Peru to be Sold
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The issuer is solely responsible for the content of this announcement.
ZURICH, Switzerland, Oct. 05, 2017 (GLOBE NEWSWIRE) -- Thunderbird Resorts Inc.
("Thunderbird" or "Group") (Euronext Amsterdam:TBIRD) (FSE:4TR): The Group owns
a mixed-use, 19-story tower in Lima, Peru that is comprised of a 66 all-suite
hotel, approximately 5,400 m2 of leasable offices, approximately 7,000 m2 casino
operation with approximately 680 gaming positions, and 308 underground parking
spaces. The Group also operates 3 other gaming operations in Peru, with an
additional approximately 560 gaming positions.
The Group is pleased to announce that it has signed binding agreements with
SunDreams S.A. of Chile to sell all of our Peruvian gaming operations plus the
approximately 7,000 m2 of gaming real estate and approximately 150 parking
spaces. The price for these assets is USD $26 million. The transaction is
subject to certain conditions precedent and regulatory approvals, and is
projected to be completed before the end of January 2018.
The Group is not selling its 66 all-suite Fiesta hotel or its approximately
5,400 m2 of leasable offices or the remaining parking area as a part of this
transaction. We will continue to pursue transaction(s) that support the best
interests of shareholders as per the shareholder mandate set forth in the
September 21, 2016, Special Resolutions. We will keep you informed as to any
material events and/or progress.
Salomon Guggenheim
Chief 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(at)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 the Annual Report, including
without limitation, statements regarding 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.
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Thunderbird Resorts Inc. via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 06.10.2017 - 05:23 Uhr
Sprache: Deutsch
News-ID 562695
Anzahl Zeichen: 3933
contact information:
Town:
El Cangrejo, Apartado
Kategorie:
Business News
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