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 …

Sofitel Casino Carrasco Opening Postponed Until March 2013

Patrick Archer aruba, foreign investment, hotels & casinos, real estate, tourism, uruguay

It’s one of the most highly anticipated hotel grand openings in South America, and the anticipation will only grow now that it is being postponed for a fifth time. March, July, September, November and December 15 were the five most recent grand opening dates given for the new Sofitel Casino Carrasco, and the Sofitel website still hypes a Grand Opening …