Punta del Este<\/a> received the green light to move forward.<\/p>\nTourism Means Big Business<\/h2>\n Tourism is a massive industry that generated over $8.35 trillion in 2022, according to Reuters. Before the COVID-19 pandemic, it was worth around $9 trillion. Now analysts expect the industry to be worth almost $10 trillion by the end of this year.<\/p>\n
Uruguay wants to capitalize on that growth and expects casinos to help. A legislative order from 2021 paved the way for the new casino in Paysand\u00fa, which will join those in Nogar\u00f3, Piri\u00e1polis, Rivera, and Victoria Plaza. There are additionally two private casinos, located in Sofitel Montevideo Casino Carrasco & Spa and Enjoy Punta del Este Casino & Resort.<\/strong><\/p>\nUruguay\u2019s tourism market isn\u2019t the largest, but it\u2019s consistently growing. Last year, it was reportedly worth around $225 million, and the country expects to see 5% growth each year for the next several years, according to Statista.<\/p>\n
Land-based gambling isn\u2019t the only segment that’s expected to help the country\u2019s economy. There is also a push for online gambling, which continues to make its way through the bureaucratic maze. However, the discussion on that will have to wait<\/a> until later this year.<\/p>\n","protected":false},"excerpt":{"rendered":"Latin America\u2019s gaming industry is becoming one of the biggest drivers of the region\u2019s economy, and Uruguay is catching on. While there are a number of gambling halls in the country, there are currently just four casinos, though that will soon change. The President of Uruguay, Luis Lacalle Pou, signed a decree on December 28 […]<\/p>\n","protected":false},"author":64,"featured_media":250931,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[81884,13],"tags":[13363,81904,52],"acf":[],"yoast_head":"\n
Uruguay to Open New $22M Casino Resort in City of Paysand\u00fa - Casino.org<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n