Conrad Punta del Este Gambles On Multi-Million Dollar Renovation

Patrick Archer foreign investment, hotels & casinos, lifestyle, real estate, tourism, uruguay, us companies

The best known casino in the Southern Cone is embarking on a US$20 million renovation in hopes of luring more high rollers from other corners of South America now that the economy is slowing, inflation is rising and the real is weakening in Brazil. Chile’s Enjoy acquired a 45% stake in the Conrad Resort & Casino Punta del Este late …

Chile’s Enjoy Acquires 45% Stake In Conrad Punta del Este

Patrick Archer arts & entertainment, aruba, foreign investment, hotels & casinos, lifestyle, tourism, uruguay

Casinos are big business in Uruguay, and the cash flow in the country’s most lucrative casino proved to be irresistible for one of Chile’s largest gaming companies. Santiago-based Enjoy will pay US$139.52 million to acquire a 45% ownership stake in the Conrad Punta del Este and assume control of the five-star casino currently run by Caesars Entertainment. The agreement gives …

Uruguay Opens Casino College to Support Gaming Growth

Patrick Archer arts & entertainment, hotels & casinos, lifestyle, tourism, uruguay

From Argentines to Brazilians to North Americans, casinos have always been a major attraction for gaming-minded visitors to Uruguay. Now with some Punta del Este casinos doing more business than their Vegas counterparts and a high-profile Montevideo casino on the verge of opening this year, Uruguay is taking a novel approach to finding and grooming future croupiers. The Casino College recently …

Arena Maipu: New Casino Resort Complex Opens in Mendoza

Patrick Archer arts & entertainment, hotels & casinos, lifestyle, real estate, tourism

Of the many regional business trends we cover weekly, a new mega-project in Mendoza embodies three of “los grandes” : hotel investment opportunities in Argentina and Uruguay, the strength of the gaming sector in the Southern Cone and the untapped opportunities in the interior. So when the Arena Maipu Resort Complex opens its doors this weekend in Mendoza, MDZol.com’s Federico Manrique …