Wire SOUTH AMERICA
FNE’s investigation concerns the effects of the merger on free competition in the markets related to the operation of casinos.
CHILE OPERATIONS Enjoy and Dreams Merger Investigated
Chile’s National Competition Authority (FNE) has put the merger between the country’s two largest casino operators, Enjoy and Dreams, on hold.
Peru - Novomatic exhibits in Lima The Peru Gaming Show 2022 was an eagerly awaited opportunity for the Latin American gaming industry to gather and learn what’s new in the market. NOVOMATIC’s booth at Lima’s Jockey Exposition Centre premiered the Austrian company’s new cabinet Diamond X 2.32, an elegant dual-screen machine with an LED silhouette and black metro finish. On the PGS show floor, the DIAMOND X 2.32 also showed off the new Linked Progressive multi- game NOVO LINE CASH CONNECTION Edition 3 with a package of 13 titles.
The region’s operators were especially excited to learn about the new IMPERA LINK. This internationally popular Linked Jackpot multi-game comes with no less than 30 linked games and was presented in a banked package featuring the FUNMASTER 2.27 cabinet as well as LED jackpot signage and spacers. Along with many other premium NOVOMATIC gaming solutions that were on display in Lima, such as various cabinets, new game-mixes and Progressives, as well as the myACP casino management system, the NOVOMATIC booth also hosted a multitude of heartfelt reunions of business partners and friends as well as lively business activity.
Chile’s National Competition Authority (FNE) has put the merger between Enjoy and Dreams on hold. Te FNE said that in order to investigate its effects on the market that it would need a further 90 days to investigate and analyze the merger. Te FNE said that the investigation had begun on May 3 2022 after initially finding that the merger could possibly reduce competition in the market and have a negative effect on consumers as well as other casino operators.
In a statement the FNE said that it had preliminarily concluded that the new operation “could generate some risks of a unilateral nature, both exploitative to consumers and exclusionary of other casino operators, as well as coordinated risks between market operators, by providing the merged entity with the ability and incentives to reduce the quality of certain competitive variables in gaming services.”
Consequently the Chilean antitrust agency determined to extend its analysis for up to an additional 90 business days arguing that should the merger go ahead “it could substantially reduce competition."
Te FNE detailed, in turn, that the investigation process had began on May 3, 2022, "with the
Brazil Online operators must establish local office
Peru - Merkur Gaming hails Peru show As the largest exhibiting company at PGS, Merkur Gaming Peru (with strong international support) put on a magnificent display at the PGS show in Lima, highlighting its Link Zone and new Solar Link progressive jackpot solutions together with the eloquently named MERKUR Mystery feature link and a strong selection of top class multigame machines that featured the latest and best game titles.
Merkur’s sister brands edict eGaming, presenting online gaming solutions plus cash handling technology experts GeWeTe were also present on the Merkur booth and both also reported excellent levels of interest not just from Peru, but also from right across the LatAm region.
Tomas Mieles, Merkur’s Sales Director for Latin America, was just as proud of both the planning and organization work that his Lima based team had put in as he was with the results being calculated at the end of the event. He said: “I am delighted with how well the show has gone for Merkur.”
P8 WIRE / PULSE / INSIGHT / REPORTS
Te Brazilian government plans to implement rules whereby foreign companies that operate online sports betting and offer their services in Brazil would need to establish a headquarters in Brazil so that they pay more tax.
Based in Brazil, companies would have to pay at least the Personal Income Tax (IRPJ), the Social Contribution on Net Profit (CSLL), the Social Integration Program (PIS) and the Federal Social Security (Cofins) tax.
President Bolsonaro and Chief of Staff of the Presidency of Jair Bolsonaro Ciro Nogueira, gave details of the proposal in a meeting with members of the evangelical caucus in Congress. And while this group of parliamentarians is opposed to any form of gambling, they agree with the government's
plan, because they understand that it would be very difficult to block sports betting websites from operating in the country.
Evangelical deputy Sóstenes Cavalcante, leader of the caucus, said: "We understand that, since it exists and since we have no way of stopping it, let it be legalised and taxed."
Lawmakers are concerned that the wording of the provisional measure would be modified in Congress to include other types of games, such as casinos, bingos and betting. Sóstenes Cavalcante said: "I am against each and every one of the games of chance, including this one (sports betting on the Internet). What we don't want is to take advantage of a situation like this and approve casinos, bingo halls and other things.”
aim of analysing the effects of the merger on free competition in the markets related to the operation of casinos.” Tey further announced that their work had focused on the risks associated with the awarding of future licences as well as competition within the industry.
Te FNE said that any third party that had an interest in the merger operation between Enjoy and Dreams, whether they were suppliers, competitors, or customers, could come forward with background information for the investigation within 20 business days.
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 the 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 in Latin America, with a presence in Chile, Uruguay, Peru, Argentina, Colombia and Panama. If approved Enjoy will be the legal surviving entity. Dreams’ shareholders will receive approximately 64 per cent of the merged company, while Enjoy’s shareholders will retain the remaining 36 per cent.
Peru
EGT Peru will install 300 Premier Series cabinets equipped with Collection Series multi-games with one of Peru’s ‘ local players.’ It marks the second major deal with a Peruvian operator in just a few months.
Mario Trayanski, Director of EGT Peru, said: “We are delighted with this new collaboration with our long-term partner. We really appreciate the fact that they chose to trust us once again in the conditions of economic difficulties and not very stable market. I’m confident that we will live up to their high expectations and will handle the challenge the way we have done it for the past four years since we have been working together. EGT’s gaming solutions have proven many times that they perfectly meet the domestic market’s needs and requirements.”
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