The latest phase of the casino\u2019s existence began in 2009 when Carrasco Nobile won a tender for gaming operations.<\/p>\n
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The casino paid US$2.5 million in operating rights annually as it got off the ground. However, by 2016, it was in debt to the city, owing $1.3 million. It had to rework the terms of its agreement to avoid closing for financial reasons, as it had done at least twice in the past.<\/p>\n<\/div>\n
With the arrival of COVID-19, things were even worse. A prolonged eight-month shutdown that year and in 2021 hurt the casino\u2019s bottom line even more.<\/p>\n
After the casino reopened toward the end of 2021, Codere said it was already seeing improvements. According to Montevideo records, the casino is still paying much less to the city than agreed upon, leaving its future in doubt once more.<\/p>\n","protected":false},"excerpt":{"rendered":"
Police are investigating an employee of a casino operated by Codere in Montevideo, Uruguay. During his employment at Casino Carrasco, he allegedly stole $300K. A police investigation began late Thursday at the casino after employees called 911 to report that US$11,000 was missing. A routine audit revealed the discrepancy, and, at the time, only two […]<\/p>\n","protected":false},"author":64,"featured_media":258012,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[81884],"tags":[13363,81904,52],"acf":[],"yoast_head":"\n
Uruguay Codere Casino Employee Arrested for Stealing More Than $300K - Casino.org<\/title>\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