Enjoy Investment Plans Underway SOUTH AMERICA
US-based private equity firm Advent International’s agreement with Enjoy to invest US$118m in the group’s casinos is now bearing fruit
Enjoy expands on its plans for investment across its casino locations as part of the cash injection from Advent International
LATAM CASINO OPERATIONS
CHILE – The Chilean company Nueva Inversiones Pacífico Sur has signed a contract with South Africa’s Sun International to acquire 15 per cent of the ownership of the Sun Dreams casino and hotel chain, an operation that will allow them to increase their participation to 50 per cent. “The finalisation of the operation is subject to the usual conditions of operations of this nature, including the approval of the gaming control board (SJC),” said Jaime Wilhelm, general manager of Sun Dreams in the formal presentation before the financial market commission of Chile. He added that the operation is expected to be fully materialized during the first half of this year. After the purchase, Sun International will keep the remaining 50 per cent of the company.
Sun Dreams has now filed two appeals before the Santiago Appeals Court against the Chilean Gaming Board (SJC) through which it seeks to challenge and revert the decision to grant the licence to the casinos of Pucón and Puerto Varas to rival Enjoy. Sun Dreams argue that the resolutions of the SCJ are illegal. According to the company, Enjoy presented two projects with incorrect technical criteria, which allowed the company to reduce the costs associated with both projects. Sun Dreams owns the licenses of the casinos of Iquique, San Francisco de Mostazal, Temuco, Valdivia, Coyhaique and Punta Arenas; plus eight operations in the city of Lima, Peru; two operations in Cartagena de Indias in Colombia; two operations in Panama City, Panama and one casino in Mendoza, Argentina.
COLOMBIA – Codere has installed Zitro's Link King, the star product of Bryke video slots, in its Crown Casinos in Cali and Bogotá in Colombia. The linked progressive, which has achieved such phenomenal success across Latin America, is now available in Crown Cali, Crown Unicentro, Crown San Rafael and Crown Platinum Casinos joining a gaming trend felt all over the world. Since its first installation Link King has captured the attention of the public and the machines are busy all the time.
A Codere spokesperson said: “Link King has had a great reception among the players, who highlight their great entertainment, the visual details, the spectacular sound, the bonus and the features of the games. We are delighted to incorporate the flagship product in our casinos, which undoubtedly improves the gaming experience of our customers."
Alejandra Burato, Regional Director of Zitro for Latin America, added: “Link King is an exceptional product that brings joy to players and operators. This is evident in the player’s reactions like the ones we see happening every time LINK KING arrives at a new Casino around the world, and operators because they see that the performance figures of their casinos exceed expectations.”
P12 NEWSWIRE / INTERACTIVE / MARKET DATA
Enjoy’s US$118m investment plan for the next two years will provide for the construction of three new hotel towers in Punta del Este, attract customers from the United States and Europe, and cover major building work for the municipal casinos in Chile according to company President, Javier Martínez. Te executive said all the financial restructuring carried out by the group is now complete and they now have the financing necessary for the new projects that will be carried out over the next two years.
When it comes to the Hotel Enjoy de Punta del Este, Martínez said that part of the restructuring of car parking is already complete, room renovation had been carried out and that the company has built a new swimming pool. However the building of the new towers will not begin this year. Martínez said that casino visitor numbers had been impacted by the current economic downturn in both Brazil and Argentina. However, the company was strengthening its plans to attract VIP players to the casino from Europe and the United States. According to Martinez, now that the tender over
Argentina
Te Association of Management and Maintenance Services for Casinos (AMS) has launched a new attack on Buneos Aires Governor María Eugenia Vidal’s gaming policy in the province. Te criticism comes after a 48 hour strike in every casino in Buenos Aires over the Easter weekend. Earlier in May, rhe Provincial Institute of Lottery and Casinos (IPLyC) informed gaming unions that the definitive closing date of the Mar de Ajó and Necochea casinos would take place on June 1, 2019. Deputy Secretary of the AMS, Agustín Calamante, explained there is "a lot of anger over the lack of dialogue" between unions and Vidal’s government. "Clearly there is no decision to reduce gaming, but put the money raised by gaming in the hands of some acquaintances," he said. “Te decision had not been communicated to the representative trade bodies.”
the municipal licences had been resolved the company will invest in the newly licensed casinos. Enjoy won the four tenders in which they competed, Viña del Mar, Pucón, Coquimbo and Puerto Varas and was able to increase the duration of the licenses from seven to fourteen years.
While the company was working on building work to meet with the new licence requirements it may ask for more time for extensions to complete work on new venues in some cases he said. While in Viña del Mar and Coquimbo the changes are focused on the interior of the casinos, in Pucón and Puerto Varas construction work will be more extensive, as that they must build new infrastructure.
In August 2017, US based private equity firm Advent International announced that it had signed an agreement with Enjoy. Advent Internationla announced plans to invest as much as US$118m in the casinos in Coquimbo, Viña del Mar, Pucón and Puerto Varas in the next two to three years.
Casino Technology increases presence in the Caribbean
Sint Maarten
Casino Technology has increased its market share in the Caribbean region with further installations of its EZ MODULO slots, which sports 40 titles from its SPEED KING multigame. Te most recent success story sees the placement of machines at the largest gaming location on the island of Sint Maarten, Casino Royale with over 21,000sq.ft of gaming comprising 22 tables and 400 slot machines. It is the latest in a string of successful installations of Casino Technology's machines in the region, following Jamaica, Suriname, etc.
Morné Keys, Technical Director of Casino Royale in Sint Maarten commented: “Since the installations took place a couple of weeks ago, players have shown great interest to EZ
MODULO and the exciting games included in SPEED KING game package. We are happy to have the contemporary slot machines in our location achieving even better diversification and combination of games that help us entertain a wider spectrum of players.”
Designed and selected for maximum player satisfaction, EZ MODULO with SPEED KING has proved successful by delivering excellent results in the first weeks of instalment.
Martin Ivanov, Business Development North America and Caribbean Region at Casino Technology added: “Te modern convertible modular design concept of EZ MODULO with two full HD 27ins. monitors, built-in touch screen of the main monitor and 21.5ins. topper, combined with convenient game selector, makes them a must have asset for operators willing to maintain a contemporary gaming floor environment.”
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