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

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

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 …