Chile Getting Gambling Complex Thanks To Clairvest Investment

Chile is next in the line of countries that are receiving facelifts for their casino industry. A new casino gambling complex is being built thanks to an investment from a canadian casino operator.

Clairvest Group Inc. is one of the biggest casino operators in Canada. They are investing in the fact that if they can be successful in Canada, they can do it elsewhere as well.

The Group, partnered with Clairvest Equity Partners III Limited Partnership, is investing in a gambling complex that will be located in southern Chile.

Clairvest Equity is putting up seventy five percent of the investment. Clairvest Group is ivesting twenty five percent. Together, they will own fifty percent of the complex. The total investment from the two groups will be $41.6 million.

Their partner in the project will be a Chilean Real Estate Company, Empresas Valmar. The name of the resort will be Casino Marina del Sol.

"The facility will benefit from a large population base, a diversified and strong economy and a monopoly for gaming in the region that was written into the license granted by the casino regulator in Chile," said co-CEO of Clairvest, Jeff Parr.

January 21, 2008
Posted By Terry Goodwin
Staff Editor, CasinoGamblingWeb.com
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