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Tag Archives: Conrad Punta Del Este Resort and Casino

Uruguay – Enjoy to purchase the Conrad

Chilean casino operator Enjoy is paving the way for the purchase of the remaining 55 per cent of the Conrad Punta del Este Resort. Enjoy has informed Chile’s securities and insurance regulator (SVS) that it has reached an agreement with its bondholders to raise the limit of its debt in order to obtain the necessary…

Brazil – Brazilian deputies to research Punta del Este

Members of the Brazilian Chamber of Deputies could visit Uruguay in order to investigate the gaming industry. Members of the lower house argue that a “technical visit” is necessary in order to reach a deeper understanding when it comes to the impact of casinos on the economy before voting on the issue. The Chamber of…

Uruguay – Enjoy working with Bank of America to find partner for Conrad

Chilean casino operator Enjoy has instructed the Bank of America’s corporate and investment banking division Merrill Lynch with the task of finding a partner to participate in its plan to keep 100 per cent of the casino Conrad in Punta del Este in Uruguay, acquiring the 55 per cent it currently has in Caesars Entertainment….

Uruguay – Conrad leaves record-breaking Enjoy well-positioned

The inclusion of revenue from Conrad Resort & Casino Punta del Este has boosted the Uruguayan results of Latin American operator Enjoy to record levels. For the first half of 2013, Enjoy recorded net income of US$25.3m, the highest half year income in its history. However, the operator revealed its EBITDA margin dropped from 25.4…

Uruguay – Enjoy approved for Caesars deal

The Uruguayan government has approved a deal where the current operator of the Conrad hotel and casino in Uruguay will switch from Baluma SA to Enjoy SA meaning that Enjoy takes control over the Conrad. The deal was first announced in November 2012. According to a Caesar’s press release the companies signed an agreement  where…

Uruguay – Caesars takes 10 per cent stake in Enjoy

US giant Caesars Entertainment has taken a ten per cent share of Enjoy in a deal that has also seen the Latin American operator pay US$139.5m for a 45 per cent in the Caesars-owned Conrad Punta Del Este Resort and Casino in Punta Del Este, Uruguay. Caesars and Enjoy will also cooperate on marketing and player development, increasing each…