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 …

Punta del Este Casinos Are Doing More Business Than Many Vegas Casinos

Patrick Archer foreign investment, franchises, hotels & casinos, tourism, uruguay, us companies

If the famous driving-to-Vegas scene from Swingers had a South American equivalent, it would probably be Sao Paulo businessmen leaving their offices on Friday and flying chartered jets to Punta del Este for a full night of blackjack or roulette. It turns out, those executives and their fellow Brazilians are keeping the 296-room Conrad Resort and Casino at almost 100% occupancy. Brazil’s …