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CR87-p16 NewsCS:SJC-Casino Review 23/12/09 14:53 Page 1
Codere predicts year of growth
Spanish operator Codere said it should end the year in profit
thanks mainly to business in Argentina and predicts growth in
2010, especially in Mexico. Financial director David Elízaga said
that venues in Argentina contributed 43 per cent of the group’s
EBITDA during the first nine months of the year. He said that
Mexico, which accounts for 26
per cent of Codere’s EBITDA
(winnings before interest, taxes,
depreciation and amortizations)
to September, will see the
introduction of new licences in
2010. Codere currently operates
53,765 machines, 142 bingo
halls, 179 betting halls, seven
casinos and three horse
racetracks in eight countries.
Caribbean resort to get Hard Rock makeover
of the Dominican Republic.
“We’re eager to bring the
Hard Rock Hotel & Casino
brand to the Dominican
Republic, and we look forward
to establishing this property
as a premier vacation and
gaming destination in the
Caribbean,” said Hamish
Dodds, president and CEO,
Hard Rock International. “Our
collaboration with Palace
Resorts and their track record
of creating the best all-inclu-
sive resorts in the Americas,
we are confident this project
will be a success.”
“We are very excited to
The aim may be bold but a collaboration between one of the world’s most famous leisure brands and develop the new Hard Rock
the owners of a resort on one of the region’s most beautiful beaches, could produce something getting
Hotel & Casino Punta Cana,”
pretty close to the most successful casino in the Caribbean. Spring 2010 will see the launch of the
added Roberto Chapur, presi-
dent of Palace Resorts, owners
Hard Rock Hotel and Casino Punta Cana.
of Moon Palace. “Hard Rock
has brought excitement to
many destinations through-
springinitsstep lounge and a Race and Sports out the world and we are
DOMINICAN REPUBLIC Book, in addition to 457 slots thrilled that the brand has
and 40 tables, where guests chosen the Dominican Repub-
Hard Rock International and can try their hand at tradi- lic for its next project. We look
Palace Resorts are teaming up tional Las Vegas-style gaming, forward to working with Hard
to bring the world’s first Hard including Baccarat, Black Jack, Rock to create the most excit-
Rock Hotel and Casino to Craps and Roulette. ing hotel and casino concept
Punta Cana in the Dominican “As one of the world’s most in the Caribbean.”
Republic. successful gaming operators, “Punta Cana is a world-class
The re-branding exercise we look forward to bringing location and one of the
aims to be completed in the excitement of US-style Caribbean’s top travel destina-
Spring 2010, the 1,800-room gaming and our industry tions, and Hard Rock Hotel &
Hard Rock Hotel & Casino expertise to the Dominican Casino Punta Cana is a perfect
Punta Cana will combine the Republic,” said Jim Allen, chair- complement to the region,”
distinctive atmosphere and man, Seminole Hard Rock said Dominican Republic min-
guest experience of the Hard Entertainment. “Hard Rock ister of tourism Francisco
Rock brand together with the Hotel and Casino Punta Cana Javier Garcia. “I am confident
five-star Moon Palace Resort will quickly become the that Hard Rock Hotel & Casino
all-inclusive experience. premier gaming destination Punta Cana will have a signifi-
Hard Rock Hotel & Casino in the Caribbean.” cant economic impact on our
Punta Cana will feature one of The 121-acre property rests country’s growing tourism.”
the largest casinos in the on Macao Beach, one of the The property will be fully
Caribbean with more than most beautiful, palm tree-lined equipped to handle the largest
48,000 square feet of gaming beaches in the Caribbean that events, from full-sized rock ‘n’
space.The casino plans to of fer overlooks perfectly clear blue roll performances, to small,
a high-limit poker room, a VIP waters on the easternmost tip intimate occasions.
Sun predicts big rise in footfall
footingthebill October, accounting for 34.9 per cent of
CHILE Chile’s GGR at. In total the 15 venues
brought in US$23.33m.
Sun International is predicting a 20 per Monticello has also completed the infra-
cent increase in visitor numbers following structure connecting the venue to the
the opening of the third and final phase of PanAmerica highway and is now awaiting
the Monticello Grand Casino. approval from the authorities for traffic
It expects attendance to reach over lines and signage to be added.
120,000 per month at the casino in
Mostazal, 50 kilometres from the capital
Santiago, following the opening of its
US$30m, 155-room 5-star hotel.
The second wave of openings came last
month with the launch of Paseo Monticello,
which boasts a restaurant, bowling, go karting
and a new convention and business centre.
The venue is already Chile’s biggest and
most profitable, generating US$8.14m in
16 January 2010 south&centralamericanews
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