October 20, 2014 6:55 PM ET

Hotels, Restaurants and Leisure

Company Overview of Peermont Global (Proprietary) Limited

Company Overview

Peermont Global Proprietary Limited operates as a hospitality and gaming company in South Africa and Botswana. The company engages in the design, development, management, ownership, and operation of multi-faceted integrated resorts, including hotels, casinos, convention centers, retail centers, health spas, restaurants, bars, and other sport and entertainment facilities. It operates a portfolio of 14 casino and hotel properties, including 8 casino resorts with 12 integrated hotels, 2 stand-alone casinos, and 4 stand-alone hotels. As of December 31, 2012, it operated a total of 3,251 slot machines, 148 gaming tables, and 1,675 hotel rooms. The company is headquartered in Johannesburg, South A...

Peermont Place

Block 1, Northdowns Office Park

17 Georgian Crescent

Bryanston

Johannesburg,  

South Africa

Phone:

27 11 557 0557

Fax:

27 11 557 0755

Key Executives for Peermont Global (Proprietary) Limited

Group Chief Executive Officer and Executive Director
Age: 45
Group Financial Director and Executive Director
Age: 52
Chief Information Officer and Special Projects Executive
Chief Operations Officer of Online Operations & Group Marketing
Chief Operating Officer of Hotels & Resorts
Compensation as of Fiscal Year 2014.

Peermont Global (Proprietary) Limited Key Developments

Grand Parade Reportedly In Talks To Acquire Peermont Global

Grand Parade Investments Limited (JSE:GPL) is seeking to acquire Peermont Global (Proprietary) Limited. GPI issued a cautionary notice to shareholders on August 15, 2013 about being in advance negotiations. There was no official comment from either GPI or Peermont, but sources in the gaming sector reckoned the companies were in advanced discussions around a potential deal. According to market sources GPI intends to pursue the takeover deal by converting the bulk of Peermont’s debt into equity by offering newly issued scrip to the company’s loan holders. Grand Parade’s share price rose 6.25% to ZAR 4.25.

Peermont Global (Proprietary) Limited to Report Q1, 2013 Results on May 29, 2013

Peermont Global (Proprietary) Limited announced that they will report Q1, 2013 results on May 29, 2013

Peermont Global (Proprietary) Limited, Q1 2013 Earnings Call, May 31, 2013

Peermont Global (Proprietary) Limited, Q1 2013 Earnings Call, May 31, 2013

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Recent Private Companies Transactions

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