Tag Archives: Uruguay

The appeal lodged by the Baluma S.A. owner of the Enjoy hotel, against the bidding process of a casino in Punta del Este to ‘safeguard their rights,’ has been rejected by the government of Uruguay. Sources linked to the company said they will not take any other action in this regard. The Cipriani group (Fosara…

The tender for the new casino licence in Punta del Este has been postponed. The representatives of Fosara S.A. (Cipriani group) were ready in the Ministry of Tourism of Uruguay to open offers for the management of the new casino that will form part of the new Cipriani Ocean Resort & Club Residences complex in…

Patagonia Entertainment is incredibly proud to announce the inaugural launch of the much loved Brazilian animal-themed Video Bingo game, Jogo de Bicho. This Brazilian phenomenon is ingrained within the country’s culture and Patagonia’s world-renowned creative studio has delivered a surefire hit 90-ball Video Bingo classic. Players can experience 13 different winning patterns and each is…

Vidaplan S.A. has presented a court-led conciliation procedure hearing with the General Directorate of Casinos of Uruguay (DGC) in a preliminary step as it seeks US$21m in compensation. The company is seeking damages for what the company understands as unfair competition on behalf of the board, according to newspaper El País. The audience has been…

Codere has managed to secure a new line of credit as confirmed in its interim report submitted to the National Securities Market Commission (CNMV). The credit amounts to US$30m and $200m Mexican pesos and will be used to improve the liquidity of the group in both Uruguay and Mexico, respectively. The loan adds to its…

The call for an international public tender has been announced for the running of the casino in a new luxury hotel in Punta del Este. In November Uruguay’s President, Tabaré Vázquez, signed a resolution which approves the feasibility of a new casino in Punta del Este. The new casino had already received favourable reports from…

Vidaplan SA the company, which since 2009 has rented the location of the Nogaró casino in Punta del Este, has announced that if the General Directorate of Casinos – to which it leases the space – does not terminate the contract, it will close the casino in late April. A court in Maldonado put an…

Uruguay’s President, Tabaré Vázquez, has signed a resolution which approves the feasibility of a new casino in Punta del Este. The new casino had already received favourable reports from the officials from the Ministry of Economy and Finance and Tourism. According to a resolution signed by the President, the complex named Cipriani Ocean Resort and…

According to a report released by the Directorate General of Casinos state run casinos in Uruguay generated US$640m in the last ten years. The report covering the period 2009-2018 stated that a total of US$82m was invested in slot machines, technology, equipment and refurbishments and improvements to gambling facilities. The average profitability for the casinos…