JUE 25 DE DICIEMBRE DE 2025 - 19:09hs.
TO CERRO CORA FIRM

New casino concession granted in Paraguay

The Ministry of Finance of Paraguay reported that the concession for the operation of a casino in the Department of Amambay has been granted by the National Gaming Commission (Conajzar), to the company Cerro Corá S.A.

New casino concession granted in Paraguay

Conajzar's President, Javier Balbuena

Conajzar's President, Javier Balbuena

The firm was the only bidder that submitted an offer last February 22 for this venture, although other two companies had purchased the bidding rules and conditions.

Cerro Corá S.A. will invest close to US$ 7 million in the improvement and expansion of the Hotel Casino Amambay, which brings with it an increase in the construction sector and in the direct and indirect labor.

In addition, the company will have to pay a monthly fee of 20% of the income and prizes, which according to the projections made supposes an average of US$ 35.000 per month, during the first 5 years of contract.

According to the Treasury report, the basic specifications and conditions establish a series of controls and audits to the company to certify the collection and the expenses of the enterprise.

This concession also includes that the company Cerro Corá S.A. can operate online gambling options.

Conajzar also established the obligation to certify the quality of electronic gaming machines and the systems used for online control.


Source: GMB / Ultimahora.com