Enjoy agrees to sell casino

Enjoy agrees to sell casino

Corporate & Sovereign Strategy Bonds Debt M&A Tourism Coronavirus Andean Latin America South America Chile

Chilean casino and hotel operator Enjoy said it reached an agreement to sell its 40% stake in the Colchagua Casino in the city of Santa Cruz, Chile for CLP403 million ($576,000), part of a wider effort to shore up its finances after revenue plunged last year during the COVID-19 pandemic. The company identified the buyers as Inversiones Colchagua, which already owns 60% of the casino, and the Chilean businessman Carlos Cardoen, according to a securities filing late on Wednesday. Cardeon and his f

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