Sun International has been approved by the government of Panama to operate a casino at the new Trump Ocean Club International Hotel and Tower in Panama City.
The approval allows Sun to purchase three floors of the 70-story mixed-use complex for US$45.5 million, including space on the ground floor for a 5,800-square-meter casino and a number of apartments on the 65th floor and a penthouse on the 66th.
Ocean Club Casino, as it’s called, is slated to open in September at a cost of $60 million.
The casino is the South African-based operator’s second in Latin America. It also has part ownership of one of Chile’s largest casinos and is planning to open a casino in Cartagena in Colombia‚ pending licensing and negotiation of a long-term lease on the site. The project will include a 284-room InterContinental hotel‚ convention center‚ retail shopping‚ apartments and offices.