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

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

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.

1.  When applying for official residence, it is a requirement (unless you own property) that you deposit US$ 5000 or equivalent in an account in your name at a Paraguayan bank.

2.  If you want to hold Guarani (PYG) as an investment, you will need a bank account in Paraguay, as banks in other countries do not offer accounts in Paraguayan currency.

In either of these cases, it is possible for a foreigner to open an account in a Paraguayan bank, but it is difficult. The main obstacle is guidance sent out a few years ago by the Paraguayan Central Bank which specifically prohibits the local banks from opening accounts for persons who do not have a Paraguayan cedula.

The only bank we have found that has a solution to this problem is the Banco Nacional de Fomento, a state-owned bank. They will open a type of savings account called a Caja de Ahorro for non-residents. To open the account you will need to show up in person at their head office equipped with a bank reference and a copy of your passport. You will need to speak some Spanish, and you will need to supply a local address in Paraguay. It is not possible to open accounts in advance by correspondence.

As somebody told me last month, in Paraguay “everything is virgin.” That is the reason for investing in Paraguay right now. There is lots of opportunity in all areas. But our prediction is that for the next decade or so, natural resources will be the driving force in the economy.

How to invest in Paraguay? Coming soon. Add this site to your RSS feed to receive regular updates as we upload new material.