Sun Dreams S.A. signed binding agreement to acquire Peruvian gaming operations, real estate and 150 parking spaces from Thunderbird Resorts, Inc. (OTCPK:THRS.F) and Casinos Peruanos S.A. for $27 million on October 5, 2017. For the year ended 31 December 2016, the target generated EBITDA of $4.2 million and a net profit after tax of $0.9 million. The transaction is subject to certain conditions such as repayment of loans of certain member companies of Thunderbird Resorts, Inc. to third parties, conclusion of certain agreements pertaining to shared service employees, trademarks and brands and obtaining regulatory approvals including approvals from relevant gambling board and is expected to complete before the end of January 2018.