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LATINO AMERICA pt 2 by Ricardo Chavez-Munoz
5 NEW CASINOS IN PUERTO RICO BY 2010
Puerto Rico is one of the few countries with consistent and secure gaming development
in the Americas region. As one of the premier tourist destinations in the Caribbean,
investors and operators are developing new hotels and refurbishing existing ones, whether
locally owned or major brands such as Marriott.
Hector Rivera Dávila, Gaming Director of the Puerto Rico Tourism Company, said: "We
continue with some new projects for hotel casinos, and for 2010 we have approved five
already. Investors are interested in this country because we are part of the USA and we have
strict regulations to protect investment. The gaming industry is stable with steady growth."
PANAMA GAMING GREW 30 PER CENT IN 2007
The gaming industry in Panama maintains its dynamic growth of the past 10 years, with a
30 per cent increase in revenue reaching US$90.5 million in 29 casinos, 14 slots opera-
tions and one race track in Panama City. During the last gaming expo in Panama, three top
executives of the biggest operators in the country made a sound and accurate presentation
of past and future developments in the industry.
In synthesis, the past 10 years of regulated gaming in Panama has seen both tourist and
gaming industry expand considerably, as they both go hand in hand in the country, with
full casino licensing available to hotels with more than 300 rooms. At present, there are at
least two casinos that will open in 2008, with around half a dozen hotels and resorts near-
ing completion thereafter. Buenos Aires Palermo race track and a few miles down the road the Cirsa boats are
anchored in the city's Puerto Madero fashionable district.
Elsewhere, where there are no deals made in heaven, in the North East Chaco Province
BIG CASINO FOR TWO BIG BRUISERS IN ARGENTINA lottery (Loteria Chaqueña) announced the public tender of three. Down south, in the
The casino sector in the country is dominated by local operators Casino Club with strong Patagonian region, US Pinnacle Entertainment completed its hotel development at
political support and Spanish operators Cirsa, who last year made a deal to build a casino Neuquen city, where Casino Magic offers nightly live entertainment, bingo games, and
in Rosario, Santa Fe province, and share Cirsa's operation in the Buenos Aires floating several hundred slot machines in the US$10 million five-star property, in new colonial style
casinos. In a multi-million dollar transaction, the owners of both companies decided it was and set in landscaped gardens.
better to share some of their spoils than to bruise each other in competition. On the events side, SAGSE Gaming & Amusement Buenos Aires will open from October
Casino Club had won the tender to build possibly the country's largest casino destina- 15 to 17 with an added pavilion. The leading regional show has once again achieved the
tion in a 200 acre plot in Rosario with US$145 million, where they will locate 80 gaming accolade of being nominated an 'Event of Interest for Tourism' by the Buenos Aires
tables and 2,000 slots. The Argentine company operates the 1,500 slots casino at the National and State Secretary of Tourism.
OctaLotto Octavian develops systems and game content and provides
complete end-to-end lottery solutions, from consulting and set-up, through systems
implementation and supplier management, to marketing, training and ongoing support
OctaLotto
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