URUGUAY
Currently, online gambling is prohibited by article 244 of Law 19,535 of 2017, although online sports betting is permitted via government monopoly. In November 2021, Uruguay’s Executive branch sent a bill to the senate that would permit both state-run and privately-run casinos to offer online casino games, including poker, roulette and slots.
Te bill passed in the senate in August 2022 with reports that it was a government priority. However, the bill has faced opposition in the lower house, in particular from Deputy Sebastián Cal, who wants a more comprehensive framework that would provide greater player protection measures, while other lawmakers are asking whether the bill should include sports betting as well.
After several legislators requested an extension of the evaluation term of the project, the Chamber of Deputies postponed the vote in January this year. According to deputy Álvaro Viviano, President of the Deputies Finance Commission, the project would be halted so that the bill could be evaluated further. For now the bill is stalled in the lower house with lawmakers unable to agree on the issue.
Meanwhile, the government seems focused upon allowing for an expansion of the land-based casino industry. According to local reports it was believed that the authorisation of online games was a
P72 WIRE / PULSE / INSIGHT / REPORTS
Despite some delays in December 2022, local lawmakers finally gave the all clear for the
reconstruction of the former hotel and casino an iconic 1950s landmark.
There will be 70 hotel rooms and 75 private apartments, as well as a casino once it is built. Cipriani is expected to invest
key condition for the investment of the new casino in Punta del Este. Te San Rafael hotel in Punta del Este has been closed since 2011, but was acquired by the Cipriani Group for more than US$40m in February 2018.
Despite some delays in December 2022, local lawmakers finally gave the all clear for the reconstruction of the former hotel and casino an iconic 1950s landmark. Tere will be 70 hotel rooms and 75 private apartments, as well as a casino once it is built. Cipriani is expected to invest more than $450m to convert the Tudor-style San Rafael Hotel into the Cipriani Ocean Resort and Club Residences complex.
Te Secretary of the Presidency of
Uruguay has also announced the construction of a new US$22m hotel and casino in the city of Paysandú. Te venture, funded by Argentine investors, is scheduled to open next year.
Developments are also expected at Hotel Casino Carmelo in Colonia. In August 2021 the Undersecretary of Tourism, Renzo Monzeglio, said that the hotel and casino would be reopened after a tender and it could be up and running over the next two years.
Interest seems to be growing after local lawmakers approved a resolution that wrote-off a real estate tax debt generated by the previous corporation. While the building is owned by the Ministry of Tourism the 5-star Casino and
more than $450m to convert the Tudor- style San Rafael
Hotel into the Cipriani Ocean Resort and Club Residences complex.
Hotel had been run by a private company for almost 30 years.
In addition, President Luis Lacalle Pou has signed a resolution to open the call for an international public tender for the sale of land in relation to a luxury hotel with a casino. Te property is located between the towns of La Paloma and La Aguada, in Rocha, about 100 kilometres from Punta del Este. Te base sale value of the property stands at around US$6.2m.
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