South Africa exit for Metropolitan Gaming Limited
Metropolitan Gaming Limited sold its stake in South Africa's Emerald Resort and Casino to a group led by local hotel, gaming and entertainment giant Tsogo Sun Holdings Limited for an undisclosed amount. The London-headquartered company will focus on its core markets of Egypt and the United Kingdom.
Metropolitan Gaming Limited was spun off from Caesars Entertainment Incorporated in 2021. It is now owned by Connecticut-based private equity hedge fund Silver Point Capital LP. Metropolitan Gaming is responsible for Caeresars' European and African assets, including the 78-room Emerald Resort and Casino in Vanderbijlpark.
Michael Silberling is the Chief Executive Officer of Metropolitan Gaming Limited. His company owns eight British casinos including Empire Casino, The Sportsman Casino and Playboy Club London. It also owns the recently-acquired Park Lane Club in London and the Emerald Resort and Casino in South Africa.
Metropolitan Gaming Limited has exited the South African casino market. Silberling's company also owns three Egyptian casinos and Alea Nottingham, Manchester235, Rendezvous Brighton and Aleas Glasgow properties.