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Tag Archives: Chile

Enjoy announces board reshuffle

Henry Comber has stepped down from the board of directors and as President from the Enjoy Board, as have directors Aldo Lema, Jorge Lesser, Fernando Rioseco, and Ana María Orrellana. According to local newspaper Diario Financiero Comber chose not to seek re-election as he chairs Euroamérica, a company that is a creditor of Enjoy. Jorge…

Chile – Valmar Group agrees to acquire Clairvest’s stake in Marina del Sol casinos

The Valmar group, owned by the Imschenetzky family , announced on Tuesday that they had agreed to purchase all of Clairvest’s stake in Marina del Sol, which operates casinos in Talcahuano, Chillán, Calama, and Osorno, as reported by La Tercera. According to their 2022 annual report, Toronto-based private equity management firm Clairvest controls 50 per cent…

Chile – Senate Economics Committee approves online bill

The Senate Economics Committee unanimously approved in general the bill regulating the development of online betting platforms in Chile (Bulletin No. 14838-03). The objectives of the bill are to generate a competitive market, taking into account other forms of currently legal gambling such as lottery draws, the lottery (Polla Chilena de Beneficencia) and horse racing…

SJC leads session on illegal gambling in Valparaíso region

The Superintendence of Casino Games (SCJ) held a training session on illegal gambling in Chile leading an in-person session with officials from various levels of the government in the Valparaíso region, aimed at preventing unauthorized slot machines. The event was attended by public officials, Carabineros (the Chilean national law enforcement gendarmerie) and the Investigations Police of the…

Enjoy reports losses of $90bn

Enjoy S.A. published its financial statements for the last quarter of 2023, reporting a loss attributable to owners of the parent company of CLP $89.789bn as of December 31, 2023, deepening the negative balance from CLP $57.444bn the previous year. The company attributed this situation to several factors, including a lower EBITDA generated in 2023…

Dreams reports doubling of profit in 2023

Dreams has reported  an increase in its profits. The results at the close of 2023 reported to the Financial Market Commission (CMF) increased by 53 per cent, rising from $17.317bn (US$19m) in 2022 to $26.538 billion (US$30m). The revenues of the casino and hotel company grew, but to a lesser extent, adding 11 per cent…

SJC concludes bidding stage for two casino licenses

The Superintendence of Casinos of Chile (SCJ) has announced that the stage of submitting technical and economic bids for the granting of licenses for a casino in Castro and another licence in the city Coyhaique has concluded. Castro is located on Chiloé Island in the Los Lagos Region of southern Chile and is the capital city…

Chile – Enjoy receives asset offers following January restructuring announcement

After Enjoy announced in January that it was going through another restructuring the company has now announced that it is receiving offers for its assets, both in Chile and in Uruguay. “The Company has received and is currently analyzing expressions of interest and offers for assets (gaming casino operations, hotels, and real estate assets) in…

Lawmakers take another look at Chile’s proposed online gambling bill

Chile’s online gambling bill was the subject of further debate last week after the Senate’s Economic Commission resumed its analysis of the proposed bill. Specially invited to this session were the General Manager of the Concepción Lottery,  Mario Parada; the Regulatory Deputy Director of the  Internal Revenue Service (SII), Simón Ramírez and Director of the…