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Solid Bet: Argentina, Uruguay Gaming Sector

On August 30, 2010, In arts & entertainment, foreign investment, lifestyle, tourism, uruguay, by InvestBA
Conrad Punta del Este

Punta, Baby, Punta! Argentina & Uruguay are home to high-end casinos like the Conrad Punta del Este.

If the famous scene from Swingers where Jon Favreau and Vince Vaughn drive through the Nevada desert had a South American equivalent, it would probably be Buenos Aires or São Paulo businessmen leaving their offices on Friday and flying chartered jets to Punta del Este for a full night of blackjack or roulette. The scene is played out every weekend at high-end casinos like the Conrad and speaks to regional wealth and the tremendous upside for the gaming sector, not only in Argentina and Uruguay, but in several key Latin American countries. Travel and tourism in the region is forecast to hit $200 billion this year, and a new report from Research & Markets says Latin Americans spend $10 billion on gaming and gambling annually. High Internet and mobile phone penetration rates coupled with strong economic growth are two of the factors favoring Argentina, where legal gaming activities generate upwards of $4.5 billion annually. Uruguay’s gaming sector should also continue to grow thanks to the Mujica administration’s pro-foreign investment stance which will encourage more casino projects in Montevideo, Punta del Este and even interior towns like Fray Bentos. Argentina’s El Diario de las Pampas says local casinos are also growing thanks to women who enjoy playing the slots, or tragamonedas. In the online gaming sector, Argentina was a regional pioneer with the first legal site launching in 2006 and several sites today offering online lottery (Quini 6, Quiniela) and sports gambling.

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VanityBA: Alejandro Parisi

On August 27, 2010, In arts & entertainment, creative class, culture, vanityba, visionaries, by laura
Alejandro Parisi

Alejandro Parisi sits down for a one-on-one interview in the upcoming edition of InvestBA Privada.

Buenos Aires, which is in the middle of a “cultural arts renaissance,” has one of the world’s most fascinating and progressive art scenes. The vibrant and energetic city is home to some of the most interesting art festivals in the world (such as the contemporary art fair, arteBA) and, not surprisingly a huge number of brilliant artists.  Last month, we met with Alejandro Parisi, a painter who falls directly into this category.  Although trained in the figurative style, Parisi, has slowly but surely moved towards abstraction during his career. In his large canvases, he explores color and the change in light, working to push the boundaries of painting.

After four years of working on his last series, “Floating Colors,” Parisi’s exploration has taken him in a new direction, one which has proven to be not only personally fulfilling, but critically acclaimed as well. In 2010, his works “Ecos” and “Eros” were awarded prizes at the Salón Anual Nacional de Santa Fe and Salón Nacional de Artes Visuales, respectively.

For the full interview with Parisi and more images of his work, subscribe to our premium newsletter, InvestBA Privada, out September 3.

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Banco Ciudad Sees Green in Parque Patricios

On August 27, 2010, In arts & entertainment, creative class, foreign investment, by InvestBA
Banco Ciudad's new headquarters will be a sustainable, distinctive addition to Parque Patricios.

Banco Ciudad's new headquarters will be a sustainable, distinctive addition to the Parque Patricios barrio.

The future just got a little brighter and greener for Banco de la Ciudad, but the green has more to do with architecture than quarterly profits. The Buenos Aires-based bank has been planning a corporate headquarters relocation to the resurgent Parque Patricios neighborhood for some time. After careful evaluation of the 15 proposals by a prestigious panel of local architects, the Bank finally announced the winner of the design contest: London-based Foster + Partners. David Summerfield, one of the firm’s design directors, described the importance of the project and the victory: “The project is Foster + Partners first office development in Argentina and we are looking forward to further developing our designs for Banco Ciudad de Buenos Aires. The plans will create a sustainable, distinctive headquarters for the bank, while drawing on the site’s industrial past to reinforce the unique character of the neighborhood.” The new building will incorporate a variety of sustainable features and should achieve LEED Silver accreditation upon completion. Banco Ciudad president Federico Sturzenegger says the new building will allow his company to streamline operations and reduce both risks and costs associated with operations currently spread out across eight facilities. The announcement is another positive step for the redevelopment of Parque Patricios where the City of Buenos Aires is investing in a Tech District as well as extending the H Line of the Subte. Neighborhood residents should also benefit culturally considering Banco Ciudad’s commitment to the arts and support for annual events like arteBA.

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VanityBA: Martín Churba and Tramando

On August 26, 2010, In arts & entertainment, creative class, culture, vanityba, visionaries, by laura
ííTramando Martin Churba

InvestBA Privada sits down for a one-on-one interview with the gracious and talented Martín Churba.

VanityBA recently sat down with renowned Argentine fashion designer, Martín Churba, in his Recoleta showroom. He was kind enough to take time away from putting the finishing touches on his seventh anniversary collection to chat with us about his background, his inspiration, his muse, and his plans for the future.

The designer, who has showrooms in Argentina and Japan and whose garments are available in select stores in the US, Italy, France and the UAE, is known as a textile artist, his clothing defined by intricate tailoring and completely unique fabric treatments.

Be sure to subscribe to our premium newsletter, InvestBA Privada, for the full one-on-one interview with one of the most fascinating figures in Argentina fashion.

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VanityBA: BAFWeek 2010 Rewind

On August 24, 2010, In arts & entertainment, buenos aires events, creative class, culture, vanityba, by laura



BAF Week 2010, one of Latin America’s premiere fashion events, recently wrapped up after a successful three-day run at La Rural in Palermo. Fifteen runway shows showcased the Spring/Summer 2010/2011 collections of some of Argentina’s most popular brands, including Desiderata, Wanama, Grupo 134, and Como quieres que te quiera.

Short skirts and jean jackets prevailed at Uma while the models at Rapsodia strutted down the safari-themed runway in bohemian silhouettes in vibrant colors and patterns. Bright colors and playful patterns reigned at Juan de Arco while the  flirty white dresses and nautical runway at Como quieres que te quiera conjured up thoughts of the coming warm weather. Kostume showed a structured, geometric collection for men and women and the 10th Anniversary show of Hermanos Estebecorena featured simple, clean pieces in khaki, army green, black and white.

The highlight of BAF Week 2010 came from Argentine designer Marcelo Senra, whose Moroccan-themed collection was elegant and feminine. Gorgeous, flowing gowns and shifts in earth tones (with the occasional pop of turquoise) came down the runway, each more impressive than the last. Garments were accented with striking gold jewelry, bold accessories and stunning head scarves.

As always, BAF Week 2010 highlighted the styles of some of the country’s biggest brands. While the collections showed great diversity, the chic edginess and attitude that defines Argentine style came through loud and clear, and the event cemented Buenos Aires’ place as one of the world’s fashion capitals.

BAFWeek Runway

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