Two weeks before this agreement, which must go through the CMF, FNE and Superintendence of Gaming Casinos, Certain questions about casinos that were geographically very close had already begun to be cleared up. Such is the case of Mendoza, where Enjoy operated its casino at the Sheraton hotel, and Dreams did so, a few blocks away, at the Hyatt. Finally, it was Enjoy who gave in.
The Argentine partner of the chain, Julio Rodolfo Camsen, a businessman dedicated to the hotel, financial and wine industry, approached the new administration of the Chilean chain, now controlled by Euromérica, to buy the 47% that he did not control of the trans-Andean company . And for this he paid US$ 4.3 million (450 million Argentine pesos). What’s more, Details are being fine-tuned so that the new owner maintains the Enjoy brand for a period of between 12 and 24 more months.
When the hotel and casino opened in October 2008, the project involved an investment of more than US$ 65 million and had nearly 40,000 square meters built, with a height equivalent to a 27-story building.
As happened in Mendoza, similar situations could occur in Chile. Particularly in the casinos Monticello, by Dreams, and Rinconada by Enjoy, which would be very close and their area of influence could lead the FNE to force the sale of one of the two locations.
Market sources say that businessman Nicolás Imschenetzky, owner of Marina del Sol, has shown his interest. However, since he was unable to reach an agreement with Enjoy to merge the operations, if he buys, he will look for the price to “make sense”, especially now that Enjoy is forced to sell.
