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Paraguay – New casino for Encarnación

By - 19 September 2013

Argentine casino operator Casinos del Litoral, which currently runs the Hotel Casino Acaray in the city of Ciudad del Este in Paraguay, has started construction of a luxury five star hotel and casino. The casino will be constructed in the city of Encarnación, the capital city of the Paraguayan department of Itapúa. The casino is being built in order to meet increasing demand due to the rapid increase in tourist numbers in the region. Based in Corrientes, Casinos del Litoral was founded in 1991 and runs a number of casinos in the Argentine province.

The initial investment for the casino and hotel stands at US$5m and it will be located near another casino called the Casino Carnaval which the group also operates. The hotel will have 54 rooms spanning five floors, an auditorium, a gym and a swimming pool. The casino is scheduled to open in July next year. According to Marketing Manager Lucía Velázquez, who was speaking to local news portal Corrientes Hoy, the casino will “contribute to the growth of the city that thanks to the development along the shoreline has seen a significant increase in tourism.” A number of other developments are currently underway in the city including a number of four and five star hotels.

Paraguay could be a future bright spot for the industry. Casinos have been permitted in Paraguay since 1997 and may be located in provinces with more than a quarter of a million inhabitants. With tourism on the rise, the casino industry for now is still underdeveloped but a number of large scale projects could be on the way. Paraguay has recently passed a law which gives police more power when it comes to curbing illegal gaming and the Gaming Control Board La Comisión Nacional de Juegos de Azar (CONAJZAR) is planning a bidding process which could attract large scale investment in a number of five star hotels and casinos in the near future.

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