Chile: Enjoy to invest us$ 220 million in 2011
The group achieved a profit of 8.111 million pesos in 2010 (US$ 17.35 million) and revenues amounted to 102.375 million (US$ 218.95 million), up 23% over 2009. In the area of business, revenue increased 36.5% stake, 5.6% on food and beverages, and 11.7% in hotels.
Enjoy has 7 casinos and 5 hotels with 715 rooms, of which 121 are apartments, with business units in Antofagasta, Coquimbo, Viña del Mar, Rinconada, Santa Cruz, Pucon, and in Mendoza, Argentina. To these portfolio it will be added the project in Chiloé, which will start its this month.
The general manager of the group, Javier Martínez, said that with the sale of 50% stake in Plaza Casino, the Casino dealer in Puerto Varas, last year raised more than U$S 31 million, which represented a 35% price the most valued by the company.
In early 2010, the chain bought Enjoy Santiago to acquire 70% stake in Salguero Hotels Chile. Martinez did not rule out "new acquisitions" outside Chile, but nevertheless noted that the U.S. and Central America would not be profitable opportunities.
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