The popular casino in Punta del Este, Uruguay, Enjoy, is put forsale becauseof the monetary reorganization of the company that owned the casino.
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From currently on, the popular casino, which had been visited mainly by Brazilians that were looking for enjoyable in nearby gamblingestablishments, has new proprietors, Euroamrica and Penta. The proprietors will attemptto obtain back the financialinvestment that was required for the new casino purchase.
The choice about selling was, undoubtedly, difficult. The company didn't intend to sell the casino, but after the considerable losses that occurred in the Q1 of the year, that was the all-natural next step. Possession Chile, that remainedin charge of all the procedures relatesto the casino, decided to takeplace themarketplace.
The casino in Uruguay is owned by Enjoy since 2013, and eversince, they didn't want to sell it, but the environment changed, which triggered the sale.
After the monetary company, when Possession Chile assisted Enjoy, the company stayed its faithful ally constantly until the sale.
The price under which the casino will be sold is still unidentified. However, apparently, the casino desires to payback theveryleast one component of the initial financialinvestment.
10years back, Enjoy bought 45% of the property in Uruguay, and the cost of that was US$139 million. In 2017, when the remaining component of the property was sold to Enjoy, the cost was US$189 million, not consistingof the financialobligation the casino acquired and all additional financialinvestments.
Interested celebrations and plans for the future:
The official sale process didn't formally start, but some important gamers in the industry had currently been informed and ready to quote. On the variousother hand, the company doesnot quit - the present focus getson long-lasting plans to increase the success of its procedures, "so they are constantly evaluating new business options both in Chile and in variousother markets, not judgment out afeasible collaboration or sale of possessions as among the feasible options."
