April 16, 2021 |
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
Chilean casino operator offloads its 40% stake in Colchagua Casino to the co-owners