Plans to revitalise Puerto Rico’s El San Juan Casino have been announced by the Mashantucket Pequot Tribal Nation and hospitality investment company LionGrove.
Foxwoods El San Juan Casino
The pair will turn the venue into Foxwoods El San Juan Casino, located in the beachfront Fairmont El San Juan Hotel, with plans already in place to reopen the Tropicoro entertainment venue.
In addition to the recently completed expansion of the Fairmont El San Juan Hotel, plans stipulate that the 15,000-square-foot casino would add $12.5 million in spending, resulting in a total of $137.5 million in resort improvements.
Job projection for the area
Such investments are expected to return to the island with an estimated economic effect of $22 million, creating a projected 360 new jobs in the area, with more than 150 of them at the casino site.
Award-winning gaming experiences to Puerto Rico
Rodney Butler, Mashantucket Pequot Tribal chairman explained: “Our success and experience with operating Foxwoods Resort Casino in Connecticut will allow us to effectively expand our footprint and bring award-winning gaming experiences to Puerto Rico.
“We’re teaming up with one of the most sophisticated players in the market. Bringing together our resort experience and expertise with Fairmont El San Juan’s renowned brand, we believe we can bring real economic and employment growth to Puerto Rico.
“In addition to offering guests a one-of-a-kind luxury resort destination, the development will bring revenue, value and tourism to the area.”
Legendary history in San Juan
The new branding of the facility aims to pay tribute to the “legendary history in San Juan” of the casino and Foxwoods Resort Casino, owned by the Mashantucket Pequot Tribal Nation.
Andro Nodarse-León, LionGrove founder and CEO stated: “Since acquiring El San Juan Hotel in 2015, we have been zealously committed stewards of this world-renowned luxury lifestyle hospitality landmark.
“We completed a $65m renovation of El San Juan Hotel in 2017 and subsequently, following Hurricane Maria, a $60m restoration that led to its rebranding as the Fairmont El San Juan Hotel in January of 2020.
“Currently, the Fairmont El San Juan Hotel is more accommodating and exciting than ever, and with this great partnership, we are bringing one of the strongest casino brands in the world to Puerto Rico with plans to launch the most exciting and innovative casino on the island at Puerto Rico’s most legendary address.”
Puerto Rico Governor Pedro Pierluisi attended a press conference at the Fairmont El San Juan Hotel, where plans for the new casino were revealed by Nodarse-León and Butler.
Expressing project support, Pierluisi explained: “I am incredibly pleased with the reopening of El San Juan Casino which will result in the creation of hundreds of jobs. The tourism sector represents a great opportunity for our economic development and my commitment is to enhance it.
“The pandemic has seriously affected tourism on our island, as well as around the world, but with the advent of vaccines, better treatments and security measures, we are preparing so that Puerto Rico can receive visitors and safely enjoy all that our beautiful island has to offer! I am confident the coming months will be crucial, and we will position ourselves positively to resume tourism activity.”