Wire SOUTH AMERICA
Dreams’ shareholders will receive approximately 64 per cent of the merged company, while Enjoy’s shareholders will retain the remaining 36 per cent.
CHILE LAND-BASED New Details of Sun Dreams Merger
Argentina - Online bill put forward in Cordoba Zitro Digital continues to extend its presence in virtual casinos in LATAM, introducing video bingo and slot games for online casinos in regulated markets.
Zitro’s library of video bingo games, and the progressive multigame Pick & Win, are available to players for the first time in the jurisdiction of the City of Buenos Aires, in partnership with the Codere Group. The Loteria de la Ciudad de Buenos Aires, Sociedad del Estado (LOTBA), the gaming regulatory body of the autonomous city of Buenos Aires, has approved Zitro’s Digital Games, in casinos licensed in this jurisdiction.
Salo Leder, Regional Director for Codere Online, said: “We are continuously working to bring the best entertainment offer to clients in Argentina, and for this we have a partner that provides us with a very broad portfolio of online video bingo and Zitro video slots games, which has proven to be a success in land-based casinos. We are convinced that players will enjoy the same success in the online channel and that it will support our omnichannel growth strategy”.
Alejandra Burato, Zitro’s Regional Director for Latin America, added: “Our goal is to create a product that is as successful and profitable to operators as our land-based games. It takes commitment and hard work to achieve this, and as a team we are proud to see it become a reality. Having our games approved by the LOBTA is another step towards the expansion of Zitro Digital with city operators, and we are confident that it will be followed by many other games that have made Zitro a global leading casino supplier throughout the years.”
Argentina - Zitro installs with Grupo Slots Golden Palace, Flamingo and New York casinos from Grupo Slots in San Luis, Argentina, have added to their entertainment offerings two of Zitro’s latest products: Link King and Link Me. Displayed on the Fusion Slant, Link King and Link Me, have enjoyed multi-games success in the market. Each one features four games per cabinet, with four different jackpot levels, plus the Bonus Link.
Rodrigo Torres, Operations Manager at Grupo Slots, commented: “We constantly work to innovate and diversify our entertainment offering, with the aim of boosting our clients gaming experience. Zitro’s games have proven to be a sure bet for gaming halls in the province of San Luis.”
Alejandra Burato, Regional Director at Zitro for Latin America, added: “We are tremendously grateful to Grupo Slots for choosing Zitro, and our proven- performer games in some of the greatest casinos throughout Argentina. We want to celebrate the success that our products have brought to their gaming properties, and we also look forward to a long-term business relationship”.
P6 WIRE / PULSE / INSIGHT / REPORTS
Dreams Enjoy SA will consolidate itself as a leader in the casino industry in Chile, Uruguay, Peru, Argentina, Colombia and Panama.
Enjoy has presented the main components of the agreement with Sun. Te agreement will now be analysed by the Superintendence of Gaming Casinos (SCJ) and the National Economic Prosecutor's Office (FNE). In a presentation to shareholders, the merged company -which will be called Dreams Enjoy SA, - will consolidate itself as a leader in the casino industry in Latin America, with a presence in Chile, Uruguay, Peru, Argentina, Colombia and Panama.
“Te merged company would reach comfortable levels of indebtedness and interest coverage for companies in the casino industry. Given the above, it is presumable that Enjoy's bonds will be strengthened," the company said. Te document also emphasised that the merger "would allow the promotion of new lines of business such as online gaming and other initiatives in the entertainment sector, which will also benefit from the greater scale and geographical diversification."
Te company put an emphasis on online gaming stating that the coverage in different countries in
the region and its specific knowledge of local markets where Enjoy and Dreams operate, "will allow the development of this business to be accelerated."
In another document presented by Enjoy, in which it covers the objectives, benefits and conditions of the merger, the company stated that a proposal will be put forward to the company's shareholders whereby the company's capital will be by at least US$250m. Tis would be “through the issuance of 93,223,481,738 new shares, which will be allocated exclusively to Dreams shareholders in the proportion that corresponds to them, in accordance with the agreed exchange ratio.”
Enjoy S.A and Dreams S.A - the two largest casino operators in Chile – recently announced that they had finalised their agreement to merge the two companies. Te agreement is pending shareholder and regulatory approvals. Enjoy will be the legal surviving entity. Dreams’ shareholders will receive 64 per cent of the merged company, while Enjoy’s shareholders will retain the remaining 36 per cent.
Uruguay Alternative Online Bill to be put forward
Political Party Te Cabildo Abierto (CA), part of the Uruguayan government coalition, has spoken out on the regulatory proposal for the online gaming industry. Members of the party want to impose a fixed fee on online operators and said that they will put forward a more complete proposal.
Te proposal would include online identification of players so that players would not be able to gamble more than a certain percentage of their monthly income. New legislation would also encompass land-based slot gambling as part of a wider gambling bill.
Te CA Party stated that that the project in its current state was "very incomplete" and announced the drafting of an alternative by Deputy Sebastián Cal. In November, Uruguay’s Executive branch sent a bill to the senate that would permit both state run and privately run casinos to offer online casino
games including poker roulette and slots. Te bill, signed by President Lacalle Pou, would give the General Directorate of Casinos of the Ministry of Economy and Finance authority to run online casino games, and gives the Executive branch permission to authorise private companies that already operate casinos as well as future license holders permission to offer online casino games.
Deputy Sebastián Cal criticised the proposal straightaway and urged caution. “At the moment, I see this project as somewhat superfluous and I think that we should work very seriously to take care of citizens and put the needs of the Uruguayan people before those of any online or gambling company.”
Currently online gambling is prohibited by article 244 of Law 19,535 of 2017, although online sports betting is permitted via government monopoly.
Brazil
1xBet is active in the South American market, expanding its involvement as the official betting partner of a number of football tournaments in Brazil. Te agreement duration is for the 2022 season with the company’s advertising displayed on static boards during matches for the following tournaments: Brasileiro 1XBET Serie C 2022, Brasileiro 1XBET Serie D 2022, Campeonato Baiano 1XBET 2022, Campeonato Goiano 1XBET 2022 and Campeonato Cearense 1XBET 2022. “Te development of sports in Latin America demonstrates the serious intentions of 1xBet in this region. Last year, our advertising was present at the matches of the elite football divisions of Brazil and Chile. And now, the company enters the new season with sponsorships of many other football tournaments in Brazil. We believe that our cooperation will bring great benefits to all parties, and most importantly, to Brazilian football fans,” said 1xBet’s Alex Sommers.
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