January 5, 2022 |
Chilean casino and hotel operator Enjoy said it has signed a memorandum of understanding to sell its majority stake in Cela, a casino operator in Mendoza, Argentina, for ARS450 million ($4.36 million) as part of its efforts to rebuild the business after heavy losses during lockdowns for the COVID-19 pandemic.
The Santiago-based company said the buyers are Argentine hotel operator Vital and its key executive Julio Rodolfo Camsen, which together already own 47% of Cela. Enjoy said it will receive
Chilean company enters deal to sell a majority stake in Cela in Mendoza to its business partners