“Enjoy S.A. (Chile) used a mechanism available to protect itself at a critical moment in the business, in the region and worldwide,” commented the resort executives.
"Meanwhile, Baluma S.A., operator of the hotel and resort in Punta del Este, continues to work on a reopening plan, which will take place as soon as the national authorities complete the period of the health emergency."
Located in Punta del Este, one of the most beautiful destinations in Latin America, Enjoy Punta del Este Casino & Resort was inspired by the great casino hotels in Las Vegas.
The resort, which started operations in 1997, has 294 apartments, all with sea views, designed to accommodate the most diverse guest profiles. Among them, there are 41 suites with an extended balcony, from where a privileged panorama of the entire coastline of the region can be seen.
Enjoy S.A. (Chile) is going through a harder time
It is worth recalling that the manager of the Enjoy casino chain, Rodrigo Larraín, informed last Friday that the company decided to close its facilities indefinitely on the instructions of the Chilean Superintendence of Casinos due to the pandemic of COVID-19 and is taking measures to avoid bankruptcy.
Through an essential fact sent to the Financial Market Commission (CMF) of Chile, it was reported that the decision “was made based on the current financial situation of the company, the expected flows for the coming months and the payment situation with the firm’s creditors.”
Accordingly, the board agreed to initiate a judicial reorganization process in accordance with the Corporate Recovery and Liquidation Law. In the same way, the general meeting scheduled for last Friday (24) was suspended, in which a capital increase of US$ 150 million would be voted, in order to add resources to the company to face its financial situation.
Source: GMB
