Uruguay’s state casinos achieved record revenues in 2011, the government has revealed.
The country’s 32 gaming facilities reported revenues totalling $223m last year, compared with approximately $200m in the previous year. Under the current system, a portion of state casino revenues is channelled directly into several beneficiaries, such as the Uruguayan Olympic Committee.
Casinos director Xavier Cha attributed the improvement in income to stronger management this year and set out plans to further develop the organisation in the future.
Improving operational management remains a key priority, as is further cooperation with the private sector. In Uruguay, casinos are either controlled entirely by the state or run in partnership with private stakeholders. Identifying new opportunities for private investment is an important aim for the government.
