South African gaming and hotel operator Sun International is broadening its horizons, focusing on the Latin American market, to offset slow growth at home.

The gaming group’s merger with Dreams SA, which has a portfolio of hotels, casinos and restaurants, in June gave Sun International 55 percent of the merged entity. Now, the casino operator is planning to bid for more casino licenses in Chile next year, Sun International chief executive Graeme Stephen confirmed to Reuters.

“Plans are well advanced to expand in the region. We have plans for expansion in Peru and further down the line Brazil seems to be opening up to licensed casinos,” Stephens told the news outlet.

Why Latin America? According to the Sun executive, his company “has low level of debt on its Latin America balance sheet,” which gives it “enough capacity to finance new deals.”