As Ámbito announced, there are advanced conversations by companies from different parts of the world.
The casino of Hotel Enjoy Punta del Este It currently has at least five interested in acquiring it and there are already advanced conversations by companies of Asian, European and Latin American origin with this Chilean chain that has operated it since 2013.
Just as I had anticipated Ambit In March, the Chilean media Diario Financiero confirmed that there are interested companies of different origins, although there are still no binding offers.
In turn, the Mexican casino group Logrand is trying to close the purchase of Enjoy’s operations in Chiliin the face of the asset reorganization process carried out by the chain.
The Enjoy of Punta del Este, formerly known as the Conrad Hotel, is an iconic point in the peninsular city, although its casino is not its main asset. However, in the fourth quarter of last year, the chain’s revenue from games in Uruguay They grew by 44%, compared to a 3.2% increase recorded by hotel activity.
The new laws in Brazil and their impact on the activity of Uruguayan casinos
Despite this, some industry experts expect the casino industry to slow down in the next decade, due to recent legislation passed by Brazil for the authorization of casinos and games of chance.
60% of the public that went to one of the Punta Esteños casinos was Brazilian, since in their country they did not have places to bet, while the rest was divided between Argentines and other foreigners.
Likewise, experts in the hotel sector informed the media that the hotel today is “worth less than half” of what it was when it was acquired by Enjoy under the control of the company. Martinez family. “Hopefully about $50 million, they bought it for $350 million,” they explain.
In that sense, it is not ruled out that the negotiations are influenced by future casinos in Brazil, based on progress by the Chilean chain in that market.
Source: Ambito
