Archive for the 'Finance in Paraguay' Category


November 5, 2008

Are you interested in gambling in Paraguayan casinos? Here’s an article about how you can have your chance to win, at the Yacht Club, Golf and Casino Hotel in Lambare just outside Asuncion, together with others in the German lakeside resort town of San Bernadino and another in Ciudad del Este (Hotel Acuario).

Paraguay is a South American country with rich culture and history, also a favorite getaway for tourists from all over the world including South America itself. Gambling in Paraguay is only legal in the casinos, and they have a few to boast of in the major cities that are of interest as tourist destinations.

Tourists and locals crowd Paraguay casinos alike, as Paraguayans are passionate about the thrill of gambling. Three of the Paraguay casinos are situated in Asuncion, which is also the capital city, and others are in Ciudad del Este and San Bernardino. One of the most famous of these is the Hotel Resort Casino Yacht and Golf Club Paraguay, situated in Asuncion. It is a hotel, as the name suggests, with 125 rooms and suites, an 18-hole golf course, a tennis court, a spa and fitness center, swimming pool, a disco, five restaurants with international and local cuisine, and two bars.

The casino in The Hotel Resort Casino Yacht and Golf Club Paraguay offers 18 table games with American roulette, baccarat, blackjack, Caribbean stud poker, French roulette, poker, and Punto Banco. Besides the table games, the casino also has 80 slot machines for the entertainment of the guests.

Due to the fact that most casinos are on a hotel’s premises, house rules may differ and with them the opening and closing hours, as well. All Paraguay casinos allow gambling only to those who are 18 years or age and more, and the same applies in the case of consumption of any alcoholic beverages. A valid identification will be required in order to enter a Paraguay casino and without one, you may be denied entry to the same.

If you are a beginner in the gambling world, Paraguay casinos’ friendly personnel conduct gambling lessons periodically for free in order to initiate newcomers to the thrill of the game. In Paraguay, the official language is Spanish; however, English is widely spoken throughout the country and in places that are tourist attractions such as casinos.

It is a pleasure to visit Paraguay whether it is by air, land, or a cruise in any season of the year; the people are friendly, the country charming, and the adventures are endless. Visit Paraguay today and experience for yourself the thrill of gambling in their casinos.

This article is the property of Paraguay Casinos. Article Source: http://EzineArticles.com/?expert=Adel_Awwad

Here is a list of the main casinos in Paraguay:

Gran Casino de Itaipu
Avenida 11 de Septiembre 816
Ciudad del Este 7000
Paraguay
Telephone: +(595) 6151 2123

Hotel Resort Casino Yacht and Golf Club Paraguay
Avenida del Yacht Numero 11
Lambare
Asuncion
Asunción 2429
Paraguay
Telephone: +(595) 2190 6043

San Bernardino Country Club & Hotel Acuario
Km 45 y Lago Ypacaraí
San Bernardino
Paraguay
Telephone: +(595) 512 2375


STANDARDIZED COMPANY
Legal Form: Corporation (Sociedad Anónima or SA)
City: Asuncion

Registration Requirements courtesy of DoingBusiness (more detailed info here):

No: Procedure Time to complete: Cost to complete:
1 Check the uniqueness of the proposed company name 1 day no charge
2 Draft the company deeds, signed by an attorney 5 days 2 – 3% of the paid-in capital stock of the company with minimum USD 600
3 Notarize the company deeds 3 days 0.75% or 2% of the paid-in capital stock of the Company, depending on the capital
4 Buy the company commercial books 1 day 22 USD
5 Submit registration documents at the single access window (SUAE) 25 days USD 5.47 (Registro Publico) + USD 5.47 (Registro de Personas Juridicas Asociaciones) + municipal license fee + USD 6.56 (authorization of books) + USD 0.21 (Inscripcion Patronal, Ministerio de Justicia y Trabajo)
6* Publication of an extract of the bylaws in the Official Gazette and a newspaper 4 days, after registration with the Public Registry of Juridical Persons and Associations is completed USD 16 Official Gazette + USD 133 newspaper
7* Municipality conducts an on site inspection 2 days, simultaneous with procedure 5 no charge

In a Spanish language press release dated April 1st, 2008, Sudameris Bank SAECA announced that its major shareholder, the Irish Abbeyfield Group, had acquired the remaining shares in Sudameris Bank (Paraguay) that were held by Sudameris S.A., a French subsidiary of the Italian banking group Intesa San Paolo SpA.

This makes Abbeyfield the holder of 98.01% of shares in the Paraguayan company Sudameris Bank SAECA, and completes Intesa’s withdrawal from South America after many years, a process started in 2003 when Intesa decided to concentrate on the emerging markets of Central Europe.