URUGUAY – Punta del Este gets ready for a new casino in 2021
US$450 million investment “will bring the hallmark of elegance and luxury”
A report from Uruguay on the Cipriani Club de Residencias Ocean Resort and Casino, announces that the opening of the tourist and residential complex “will bring the hallmark of elegance and luxury” to Punta del Este with the new and impressive real estate project projected an estimated investment of US$450 million.
Investor Giuseppe Cipriani said that he wants to inaugurate the first stage of the megaproject for the summer of 2021 and has confirmed that the current structure of the old hotel San Rafael will have to be demolished to house the new property. Cipriani has also assured that it will be ‘fundamental’ to obtain licensing authorization for a casino to operate in the complex.
In an interview at a local radio programme, the investor confirmed that the new investment programme will bring very important work to Punta del Este and Uruguay and pledged to work on this to bring more people to the country’s main seaside destination from new places overseas.
As for the implementation and building of the megaproject, Cipriani confirmed that the start of the first stage is scheduled for next August, and if the work is developed without complications, it is expected that this stage is completed and can be inaugurated for the summer of 2021 (Jan-Mar).
