Caesars Entertainment Completes Divestment of Conrad Punta del Este Resort and Casino

Caesars Entertainment has fully divested its interest in the Conrad Punta del Este Resort and Casino in Uruguay. The firm sold its remaining 55% ownership to Chilean gambling operator Enjoy SA, which previously held 45% of the property. This transaction solidifies Enjoy’s full control and signifies a strategic decision by Caesars to divest from this specific asset. The total acquisition price was $180 million, with Enjoy having already made a significant upfront payment earlier this year. Enjoy had initially acquired its stake in the resort back in 2013, with a provision allowing them to buy the remaining shares within a few years. The Conrad Punta del Este is a lavish destination featuring a 300-room hotel and a Las Vegas-style casino, situated in the popular coastal city of Maldonado. Enjoy SA continues to grow its footprint in South America with a portfolio of casinos and hotels, including recent acquisitions in Chile.