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Paraguay – Hard Rock heralded a ‘breakthrough’ for Paraguay by Minister

Mr Simon Falic, an American businessman and member of a group of investors involved in setting up a Hard Rock Hotel and Casino in Paraguay, has met with the President Horacio Cartes to update him on its progress.

After the meeting the President along with Mr. Falic announced the construction of large-scale complex in the east of the country, which will have an investment of between U.S$S70m and U.S$80m million and could begin before the end of the year.

Minister of Industry and Trade, Gustavo Leite, who also attended the meeting, highlighted the progress already made so far stating that it was a “breakthrough” for Paraguay as it proved that Paraguay had met with a number of requirements as set out by the company.

“This is a great achievement given the fact that a business such as Hard Rock, Hotel and Casino can not go to a place without having the peace of mind that that the country where it is going to establish itself has certain gaming rules already in place. It is also good for Paraguay,” he said.

“God willing construction will begin before the end of the year and we will work for that to happen. There is still a lot of paperwork, but progress is being made and I think the most important requirements have already been met. It will be a great tourist resort, with a casino, 250 rooms and ample parking space. Parking space is something that is very important because it will be a project that will mark a before and after when it comes to Cuidad del Este,” he said.

Anunțul că Hard Rock International plănuia să instaleze un cazinou și un hotel în orașul Ciudad del Este din Paraguay a venit pentru prima dată în octombrie anul trecut. Hotelul va avea 250 de camere, în timp ce cazinoul va găzdui 500 de aparate de slot și 30 de mese de joc. Decizia de a lansa în Paraguay a fost, potrivit rapoartelor presei locale de la acea vreme, luată după ce un studiu amplu a fost efectuat de o echipă de specialiști locali care au oferit consiliere companiei cu privire la marketing, strategie, precum și planificare financiară, supraveghere guvernamentală. și legile locale privind jocurile de noroc.