Uruguay to Get $450 Casino in Punta del Este

The coastal resort city of Punta del Este, Uruguay is set to get a new $450 million casino resort, which will hopefully bring in a load of visitors to the city of nearly 10,000.

The resort will be operated by Cipriani, which will renovate the San Rafael Hotel. The new property will be a state-of-the-art casino resort that features 164 suites along with residential units. The property will officially be called the Cipriani Ocean Resort & Club Residences and will be a significant improvement on the shoddy hotel that currently occupies the space.

The exact details on the casino side of things haven't been revealed, but it's likely that the resort will feature hundreds of slots and dozens of table games to keep up with the competition.

In a press release, Cirpriani commented: "The new complex … will include the faithful reconstruction of the emblematic San Rafael Hotel, preserving the original design and complementing it with beautiful residences, restaurants, spa, pools, casino, theatre, boutiques, and a serviced beach club. Historic heritage, modern sensibility, and taste for timeless luxury will deliver the most unique experience in Punta del Este."