Chile Population 19.12 million
Economic and Political Outlook Chile’s neo-liberal economic model was widely held up as a way by which other Latin America countries could maintain economic growth and stability. However for decades it failed to address inequality while poverty grew. Citizens will vote in a mandatory referendum in September to approve or reject a new constitution to replace the one enacted in 1980 by the regime of Dictator Augusto Pinochet. Leftist former student protest leader Gabriel Boric took office as president in March. Boric was a supporter of the anti-inequality social uprising in 2019 which left as many as 26 people dead over two months. Boric won the election on the promise of installing a "social welfare" state, increasing taxes and spending more on social welfare programmes.
Online Regulatory Update In July 2021 Te Ministry of Finance of Chile reported that it had prepared a draft regulation for online gambling and sports betting. Online gambling would fall under the supervision of the gaming board (SJC). Te government initiative will allow companies to apply for a five year renewable licence or a temporary license for just six months.
Land-based Regulatory Update In Chile casino licences for the casinos that were built from 2005, under law No. 19.995 are up for renewal in a multi million dollar tender. In May 2021 the SCJ confirmed that it would be re launching its process of granting licences for the operation of casinos, which had been suspended since July 2020 due to the pandemic.
No new operators are taking part in the bidding licence. Te 15-year concessions will be sold to the highest bidder, rather than giving preference to current operators. In October 2021 the SJC announced that it had received eleven offers for casino license renewals. Applications were received for 9 of the 12 spots available as of 2023.
In January Enjoy S.A and Dreams S.A - the two largest casino operators in Chile – announced that they had finalised their agreement to merge their two companies. In a presentation to shareholders the firm highlighted that the merged company - which will be called "Dreams Enjoy SA,"- would consolidate itself as a leader in the casino industry.
However in June Chile’s National Competition Authority (FNE) put the brakes on the merger. Te FNE said that in order to investigate its effects on the market that it needed more to analyse the merger after initially finding that it could possibly reduce competition in the market and have a negative effect on consumers as well as other casino operators.
WIRE / PULSE / INSIGHT / REPORTS P83
CHILE
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104 |
Page 105 |
Page 106 |
Page 107 |
Page 108 |
Page 109 |
Page 110 |
Page 111 |
Page 112 |
Page 113 |
Page 114 |
Page 115 |
Page 116 |
Page 117 |
Page 118 |
Page 119 |
Page 120 |
Page 121 |
Page 122 |
Page 123 |
Page 124 |
Page 125 |
Page 126 |
Page 127 |
Page 128 |
Page 129 |
Page 130 |
Page 131 |
Page 132 |
Page 133 |
Page 134 |
Page 135 |
Page 136 |
Page 137 |
Page 138 |
Page 139 |
Page 140 |
Page 141 |
Page 142 |
Page 143 |
Page 144 |
Page 145 |
Page 146 |
Page 147 |
Page 148 |
Page 149 |
Page 150 |
Page 151 |
Page 152 |
Page 153 |
Page 154
