Tag Archives: Enjoy
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…
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…
Chile – Enjoy S.A. initiates judicial reorganization process
Through an essential fact signed by the general manager Esteban Rigo-Righi Baillie, Enjoy has announced that the 8th Civil Court of Santiago had initiated the “Judicial Reorganization Procedure” which the company announced at the end of January. The process will be led by lawyer and overseer Juan Ignacio Jamarne, who will be responsible for conducting…
Chile – Enjoy announces another restructuring
Shares for operator Latin America’s leading casino operator Enjoy have fallen after the company announced that it was going through another restructuring. The decision was made “based on the current financial situation of the Company, the expected cash flows for the coming months, and the payment situation towards the Company’s creditors.” Enjoy outlined a number…
Chile – Casino Enjoy Antofagasta reopens
The Casino Enjoy Antofagasta, located in northern Chile, announced that it would reopen as of December 20 after the SJC confirmed in mid-November, that its license had been renewed for a further fifteen years. On November 13, (via Exempt Resolution No. 1078) the SJC announced that its Resolution Council had granted the casino operation permit to the company Dalmacia Gamming S.A., a…
Chile – Enjoy reports losses but outlook improving post pandemic
Enjoy closed the first quarter with a positive result in its sales, which was reflected in consolidated revenues of CLP$94,327 million, equivalent to a growth of 17% compared to the same period in 2019, exceeding pre-pandemic levels. Likewise, the company registered a 22% increase in its sales in Chile and 71% in the consolidated Hotel…
Chile – Enjoy and Dreams deny collusion
Lawyers for Enjoy and Dreams have appeared before the Tribunal for the Defence of Free Competition (TDLC) in order to respond to a complaint put forward by casino operator Grupo Meier (Corporación Meier). In a hearing which lasted for approximately three hours Enjoy’s lawyer Santiago Bravo strongly denied that the operator had colluded with any other company during the…
Chile – Enjoy to continue online expansion
Enjoy has emphasised the need for the government to update its gambling laws to allow for online gambling. Speaking at the company’s Ordinary Shareholders’ Meeting Enjoy’s president Henry Comber said: “Modern legislation is urgently required to allow for the development of online betting platforms in Chile and so that they operate on an equal footing with…
