pandemic. No new operators are taking part in the bidding licence, but current operators are. Te 15-year concessions will be sold to the highest bidder, rather than giving preference to current operators.
Tis has caused operators to complain that the government has reneged on the terms of the licences granted back in 2005. During the first tender operators invested so much in infrastructure projects with the understanding that they would have preferential rights to renew licences for another 15 years. Tat promise was repeated in 2015, when a new casino law was enacted, according to the operators. Te SJC went ahead with it anyway and in October last year announced that it had received 11 offers for casino licence renewals.
Applications were received for nine of the 12 spots available as of 2023.
OPERATORS
Tere have been significant changes amongst the leading casino operators themselves. In August 2020, Nueva Inversiones Pacifico Sur became the sole owners of Sun Dreams, as they bought out Sun International, a South African casino company that owned approximately 65 per cent of the stake in Sun Dreams in an agreement valued at US$160m.
In October, Chilean company, Enjoy, confirmed that it had reached an agreement to merge its gaming and hotel business with that of Sun Dreams. Te merger would create the largest
operator in the region. Enjoy operates casinos in the Chilean cities of Antofagasta, Coquimbo, Viña del Mar, Rinconada, Santa Cruz, Pucon and a casino in the Argentinean city of Mendoza, equating to 37.6 per cent of the market. Dreams is currently the largest casino operator in Latin America. In Chile, it operates casinos in Iquique, San Francisco de Mostazal, Temuco, Valdivia, Coyhaique and Punta Arenas; plus eight casinos in the city of Lima, Peru; two operations in Cartagena de Indias in Colombia; two operations in Panama City, Panama and one casino in Mendoza, Argentina. It has a 38.8 per cent share of the Chilean market.
In January, in a presentation to shareholders, the firm highlighted that the merged company - which will be called "Dreams Enjoy SA,"- will
WIRE / PULSE / INSIGHT / REPORTS P39
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
