Uruguay: Cipriani emerges as bidder for Conrad Punta del Este
Luxury hospitality group Cipriani and Uruguayan businessman Edgardo Novick have surfaced as leading interested parties in the sale of the Conrad Punta del Este casino resort.
Luxury hospitality group Cipriani and Uruguayan businessman Edgardo Novick have surfaced as leading interested parties in the sale of the Conrad Punta del Este casino resort.
Montevideo’s city government has confirmed it will hand control of the loss-making Parque Hotel Casino to Uruguay’s Ministry of Economy and Finance, ending decades of municipal management.
The tender launched covers a 12-month cash logistics tender worth ARS 3.9bn, covering casinos and the La Plata Racetrack, with the process already drawing political attention.
Measure would prevent municipalities from imposing wagering levies or licensing rules, shifting authority fully to the state.
Cairns property owner reports higher rental income and visitation while takeover bid review continues.
New Zealand operator reports lower gaming volumes following regulatory changes, partly offset by non-gaming activity and convention centre opening.
Revenue generated during the fourth quarter of 2025 totaled $407m, equating to a rise of 4.5%, while GLPI’s FY2025 net revenue reached nearly $1.6bn for growth of 4.1% year-over-year.
The pair have reportedly both submitted applications for the state’s legal land-based market.
Eight individuals detained during a raid on an alleged illegal gambling venue in Santa Fe City have been released pending forensic analysis, with formal charges expected.
State investigators in Nuevo León executed a search warrant at a Monterrey casino as part of an alleged human trafficking investigation, marking the third gaming venue targeted in the metropolitan area within a month.