July 16, 2009
New hotel for a top Chilean resort
Casinos Austria Chairman Karl Stoss and Los Angeles Mayor Joel Rosales (center) officiate at last month’s opening of the new hotel at CAI’s Gran Casino Los Angeles.
The unveiling of the 90-room hotel — which includes a full-service spa and fitness facilities, a state-of-the-art conference center, a ballroom and a luxury dining venue, Restaurante 565, specializing in native cuisine — comes less than a year after the casino, CAI’s first in Chile, debuted in the capital city of Bio-Bio Province.
A ribbon-cutting for the hotel was attended by Los Angeles Mayor Joel Rosales, Deputy Juan Lobos Krause, CAI Chairman Karl Stoss, Austrian Lotteries Director Bettina Glatz-Kremsner and Casinos Austria Maritime President Alexander Tucek.
Gran Casino Los Angeles features 200 slot machines, 10 table games and a bingo hall.
CAI and Vienna-based parent Casinos Austria operate 57 casinos in 17 countries and 10 cruise ship casinos.
URIBE WANTS BILL PASSED TO EXPAND GAMBLING
Colombia’s President Álvaro Uribe Vélez has asked the National Congress to approve a bill authorizing two new gambling properties as a means to boost the country’s finances and guarantee funding to provide assistance to needy citizens.
Uribe said the two projects, which currently are under consideration by lawmakers, are of key importance.
“We find that there is a great financial problem with some health expenses in the charge of the [local] councils,” he said. “That’s why the Congress and the Government are insisting on the approval of the games of chance law in order to support the councils. I wish we would approve it.”
The bill also contains an article guaranteeing a pension to poor Colombians who do not have expectations of receiving retirement benefits.
ENJOY TO GO PUBLIC TO FUND GROWTH PLANS
Chilean casino and hotel operator Enjoy plans to offer 30 percent of its equity for sale in a public offering this month.
According to reports in Estrategia and La Tercera de Chile, the IPO will target the main institutional and personal investors in Chile such as mutual and investment funds, foreign funds, stockbrokers and insurance companies, among others.
The offering will comprise about 460 million shares. Advising the company is Larrain Vial.
“This operation aims to bring Enjoy access to the capital market,” said General Manager Javier Martinez, “inviting investors to participate in the interesting opportunities of development and growth that Enjoy has and so plan its future leadership.”
Enjoy operates casinos in Chile in Antofagasta, Coquimbo, Viña del Mar, Pucón and Puerto Varas and has a minority stake in a casino in Colchagua. The company also operates a hotel and casino in the Argentine city of Mendoza and has been granted authorization to establish a casino on the island of Chiloé.
HARRAH’S HONORS GM WITH ‘LEADERSHIP’ AWARD
Harrah’s Entertainment has given its “Excellence in Leadership Award 2009” to Jorge Serna, vice president and general manager of the company’s Conrad Punta del Este Resort & Casino in Uruguay.
Serna was presented with the award by Harrah’s CEO Gary Loveman at a recent ceremony at Caesars Palace in Las Vegas
The “Excellence in Leadership Award” is presented every year to key executives of the company in recognition of their achievements in business, particularly when those achievements occur under adverse or very demanding circumstances. Winners are acknowledged for exceeding expectations through their innovation, influence, commercial awareness, integrity and leadership.
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