Uruguay competition commission clears JHSF’s acquisition of Baluma
Uruguay’s Commission for the Promotion and Defence of Competition authorised JHSF Península’s acquisition of Baluma, which owns and operates Enjoy Punta del Este Resort & Casino, in a first-phase decision dated 3 August. The commission found no material change to the relevant hotel and casino markets; the Central Bank of Uruguay is still reviewing the indirect acquisition of Baluma Cambio.
The clearance removes one competition review from the casino acquisition, while the separate central-bank review remains pending.