Enjoy to pull out of casino in Argentina

Enjoy to pull out of casino in Argentina

M&A Coronavirus Argentina Chile

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

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