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Mendoza Casinos Break Profit Records SOUTH AMERICA


Te Provincial Institute of Games and Casinos of Mendoza (IPJyC) has reported that the Central Casino recorded a significant increase in revenues in March


Slot revenue in Mendoza increased by as much as 15 per cent compared to the previous month reaching $26,154,291m


ARGENTINA CASINO OPERATIONS


CHILE – Gross gaming revenue for the 18 casinos operating in Chile combined with the seven municipal casinos reached $40,321m (US$66,766,250), in February. This is a negative monthly variation of minus 0.9 per cent when compared to the same month last year, while accumulated real growth is minus 1.1 per cent over the last 12 months.


According to the latest report released by the Chilean Gaming control Board (SJC), in terms of gross gaming revenue, income generated by the casinos Casino Viña came in first place with 14.9 per cent ($5,997 m). Sun Monticello 14.8 per cent ($5,966m). Coquimbo 8.9 per cent ($3,605 m). Casino Rinconada 7.4 per cent ($2,986m). Marina del Sol Talcahuano 7.2 per cent ($ 2,907m). Casino de Pucón 6.7 per cent ($ 2,686m). Enjoy Antofagasta 4.9 per cent ($1,982m). Casino de Iquique 4.2 per cent ($1,708m).


Dreams Temuco 3.7 per cent ($1,479m). Dreams Punta Arenas 3.6 per cent ($1,451m). Casino Puerto Varas 3.4 per cent ($1,367m). Dreams Valdivia 2.7 per cent ($1,083m). Gran Casino de Talca 2.3 per cent ($945m). Antay Casino & Hotel 2.2 per cent ($900m). Casino de Juegos del Pacífico 2.0 per cent ($810m). Marina del Sol Calama 1.9 per cent ($786m). Marina del Sol Osorno 1.8 per cent ($ 732m). Casino de Colchagua 1.4 per cent ($561m). Casino Gran Los Ángeles 1.0 per cent ($416m). Dreams Coyhaique 1.0 per cent ($414m). Casino de Arica 1.0 per cent ($398m). Enjoy Chiloé 1.0 per cent ($393m). Casino Luckia Arica 0.8 per cent ($327m). Ovalle Casino Resort S.A. 0.7 per cent ($276 m). Casino de Natales 0.4 per cent ($147m).


Regarding visitor spending, during the month of February for the casinos which already come under the supervision of the SJC average expenditure stood at $53,925 per visit, meaning a real variation of minus 0.1 per cent when compared to February 2017, but a real cumulative growth when it came to expenditure of plus 1.1 per cent over the last 12 months. The 452,731 registered visits were equivalent to a variation of plus 0.4 per cent compared to February 2017 and minus 1.6 per cent over the last twelve months.


Meanwhile, total visitors to the municipal casinos (not including the casino in Puerto Varas, which does not record this information) stood at 360,311 for the month of February. Unfortunately, for now this information cannot be compared, indexed or added to that registered by the casinos as authorised by Law No. 19.995, because there are no standardised measures in place by the SJC. In addition, data for average visitor spend for the municipal casinos is still unavailable.


P14 NEWSWIRE / INTERACTIVE /MARKET DATA


Te Provincial Institute of Games and Casinos of Mendoza (IPJyC) has reported that the Central Casino recorded a significant increase in revenues in March. Slot revenue increased by as much as 15 per cent compared to the previous month reaching $26,154,291m. Table gaming also increased and stood at $3,438,870m pesos.


Te state owned San Martín Annex also recorded an increase of 16.53 percent of its profits compared to February, reporting revenues of $23,873,251m putting it in fifth place. In March, gaming revenue from casinos and official lottery agencies amounted to $295,617,517.59 - 27.5 per cent more compared to the same month last year with slots and Quiniela leading the pack. Tose living in the province spent almost $300m per month on gambling via the 12 casinos Mendoza and the 11 different lottery games on offer. Te 4,888 slot machines last month generated more than $230m while the total for table games amounted to $27m. When it came to casinos


Argentina


A preliminary draft put forward by owners and breeders of thoroughbred horses to the government of the province of Buenos Aires has been rejected by unions in the sector. A number of racehorse owners associations and horse breeder organisations propose extending the removal of state subsidies for two years, and then gradually removing them every six months until reaching the five per cent mark required by government. Te Province of Buenos Aires will reduce subsidies for horse racing by as much as $300m per year in its first phase. Its position is that horse racing in the province of Buenos Aires has its own revenue sources such as betting, as well as simulcast sales abroad. However, for more than 10 years, the province has subsidised the activity of racetracks and subsidised different trade associations. In 2017, $1,000m was allocated to the sector, which year after year is increasing and it is estimated to stand $1,300m in 2018.


Enjoy came in first place ($46.6m), followed closely by the Regency ($44.2m).


March and July are usually good indicators when it comes to the performance of the gaming market in the province. Te IPJyC emphasised the efforts of staff in the casino and said that the latest figures placed the Central Casino in third place in the province adding that March was a record month when it came to slots on the casino floor. Te IPJyC’s message was a response to the recent public complaint made by the state casino union of the IPJyC, who stated in an open letter last month that “the Mendoza Central Casino is in a state of total abandonment, which leads customers to opt for other options and generate losses for Mendoza.”


Te biggest increase year on year was recorded by the Casino Fuente Mayor, located in Vista Flores (Tunuyán). In March it recorded revenues of $8.2 million, a massive 290 per cent increase compared to the same month in 2017.


Government closes large scale slots parlour in Porto Alegre


Brazil


Te local government has finally banned the Winfil gaming house from operating in the city of Porto Alegre. Te Municipal Secretariat of Economic Development has ruled that the establishment is operating games of chance in contravention of its license. As a result, its licence was revoked and the establishment was closed down last week. According to an official government statement, the activity of gambling “consists of a criminal offense,” and the case is now the focus of an investigation by the Public Prosecutor's Office.


Te Winfil gaming house opened on October 19 with games offered in demonstration mode only. Te establishment houses 40 different types of games, 460 machines and the Parisian themed slot parlour is able to accommodate 1500 people and


includes a restaurant. However just eleven days later State Police forces alongside members of the Public Prosecutor’s Office served a search and seizure warrant on the establishment as it had begun to offer cash money bets. Police seized money, and gaming components including controller boards during the raid. Police carried out another raid shortly afterwards after it was found to be offering cash bets. In January 2018, it was reported that the slot parlour was once again taking real money bets with local law enforcement officials poised to take further action.


In March a lawyer representing Winfil said that despite bingo and video bingo machines being banned in Brazil, the operator would wait to hear how new legislation pans out before closing its properties or developing them further. Apart from the establishment located in the south of Porto Alegre 13 more branches are registered at a state and local level ten of which are in Rio Grande do Sul, two in Santa Catarina and one in Brasilia.


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