Operator News
Interest high for casino in Carmelo
By James - 7 May 2024
Deputy Minister of Tourism of Uruguay, Remo Monzeglio, has revealed that three international groups have expressed their interest in the Carmelo Hotel Casino.
Talking to local daily Carmelo Portal the official said that these groups, all from abroad, are actively evaluating the opportunity to invest.
Between May 8 and 9, Monzeglio will accompany the Mayor of Colonia, Carlos Moreira, to Buenos Aires for a series of key meetings, one of which will focus on the future of the Carmelo Hotel Casino, with two scheduled meetings with representatives of groups specialized in hospitality and casinos, who have shown interest in the project.
The Deputy Minister also mentioned a recent trip to Miami where he made contact with a third investor group interested in the hotel and casino sector. This group confirmed their intention to visit Carmelo in the coming days to further explore the investment opportunity in the Carmelo hotel.
Monzeglio told Carmelo Portal, “These are preliminary meetings, but very productive. The most important thing is that we are seeing a growing international interest in the Carmelo Hotel Casino.”
In April the Ministry of Tourism of Uruguay announced the call for the sale of two properties conditioned to the construction and operation of a luxury hotel with a casino concession in the city of Carmelo. The permit for the operation of gambling games will be granted for a period of 20 years.
The specifications and the call for tender for the Carmelo Hotel Casino were approved in February. The terms and conditions for the tender of the hotel, which is owned by the State, were developed by a commission composed of the Ministries of Tourism and Economy, the Office of Planning and Budget, the National Ports Administration, and the Departmental Government.
Located in the Uruguayan city of Carmelo the term of the Hotel Casino Carmelo casino license ended on June 30 and it closed in July 2020. Currently, the property is in a dilapidated state. New specifications require that a project be submitted which includes a hotel with a convention hall for 500 people, an events and entertainment hall, a restaurant offering international and local cuisine, a heated swimming pool, over 100 rooms, a 200-meter dock for small boats, and the tender also grants a license to operate a private casino.
