Uruguay’s Mintur extends deadline for bid at Carmelo Casino in Colonia amid high investor interest

The Ministry of Tourism (Mintur) announced that it is extending the bid deadline until Sept. 2, 2024, for the sale of a property related to a futuristic casino in Colonia, Uruguay. The decision will depend on the completion and launch of luxury hotels with casino permits.

Extending the deadline: Reasons and considerations:

The opening of the tender, originally scheduled for this week, has been postponed to accommodate increased interest from potential investors. Minthur Deputy Chief Minister Remo Monzglio explained to local daily El Páis that the postponement was triggered by “many inquiries” from various investor groups.

In addition, a bid was not made until May 15 despite the opportunity for stakeholders to purchase the tender papers, giving Mintur a “reasonable period” extension. Monzeglio explained that the extension does not guarantee further bids, but could free up enough time for stakeholder groups to develop proposals.

Monzeglio said several Argentine organizations have expressed interest, with at least two showing strong enthusiasm. One U.S. organization has also shown interest in participation, though less certain.

Earlier, after discussions with four groups of Argentine entrepreneurs, they expressed deep interest in acquiring the former casino hotel Carmelo, two of which expressed hope to purchase the property from Mintur and proceed with its conversion into a five-star hotel.

Project Scope and Schedule:

In April, Uruguay’s tourism ministry began a request for the sale of the property, conditional on the construction and operation of a luxury hotel with casino licenses in Carmelo. Casino gaming licenses will be granted for 20 years, signaling a significant opportunity for investors in the region.

As the situation unfolds, Mintur remains vigilant in ensuring a transparent and competitive bidding process, facilitating the revitalization of the Carmelo region, and strengthening Uruguay’s tourism prospects. According to El Pais, with the extended deadline, Mintur aims to promote increased investor engagement and strong proposals for the development of the famous tourist attraction.

The sale of properties linked to future casinos offers unique opportunities for economic growth and community development in Carmelo and the wider Colonia department. The establishment of luxury hotels and casino complexes has the potential to boost local businesses and create employment opportunities by attracting domestic and international visitors.

Moreover, the input of investment in infrastructure and tourist facilities can improve Carmelo’s overall appeal as a tourist destination, contributing to the region’s long-term sustainability and prosperity. The commitment to promote responsible development in Minthur is consistent with the government’s broader goals of promoting inclusive growth and improving the quality of life for its residents.

Mintour recognizes the importance of stakeholder engagement and public engagement in the decision-making process. As such, Mintour is open to feedback and input from local residents, business owners, and other key stakeholders during the life cycle of the project.

Through transparent communication and cooperative partnerships, Mintur seeks to build trust and consensus within the community so that casino property development meets the needs and aspirations of Carmelo residents. Mintur aims to foster a sense of ownership and inclusivity to create a sustainable and vibrant tourism ecosystem that benefits all stakeholders involved.

Mintour’s decision to extend the deadline for bidding for the sale of Carmelo’s casino property reflects Uruguay’s commitment to promoting sustainable development and economic prosperity. Mintour aims to position Carmelo as a top tourist destination by attracting investment and promoting tourism infrastructure, while creating tangible benefits for the community. 슬롯사이트

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