If Enjoy and Sun Dreams do merge then it will
l
A licence fee of 1,000 tax units (UTMs ) per year on five year licence holders . Te fee will stand at 100 tax units for those companies granted a licence with a shorter term. (Te value of one Chilean tax unit stands at around US$68).
l
An additional two per cent of gross income per year will be imposed and earmarked for sports bodies/agencies.
l
One per cent per year will be imposed for the promotion and development of responsible gaming.
l
Players will also be subject to a tax of 15 per cent on any income obtained via gambling.
If Enjoy and Sun Dreams do get the go ahead to merge then it will undoubtedly be a major player in the online gaming space. Indeed, the company put an emphasis in a statement to shareholders 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.”
ONLINE OPERATORS ALREADY PRESENT
Sports betting is already highly visible via sponsorship deals between sports betting companies and top teams. Clubs and sports betting companies have signed a flurry of new agreements as operators jockey for position
undoubtedly be a major player in the online space. The company put an emphasis in a statement to shareholders stating that the coverage in different
countries in the region and its knowledge of local
markets where Enjoy and
Dreams operate, "will allow the development of this business to be accelerated."
ahead of regulation this year. l
In October the Betano sportsbook (Kaizen Gaming’s online gaming operator) entered into a sponsorship deal with Chile Campeonato Nacional football club Deportes La Serena.
l
In January 2022, the Club Deportivo Universidad de Chile announced that Betano would be the new main sponsor of its men's and women's teams in an agreement that will last three years, in addition to the brand appearing on the jerseys of both main teams.
l
In January, Betsson Group signed a one-year sponsorship agreement with Colo Colo, one of
the top clubs in Chilean football. Betsson is also the digital betting partner of the Chilean National Football Team.
l
In March, online gaming company, LatamWin, signed a sponsorship deal with O'Higgins football club based in Rancagua.
Te increased presence of unlicenced operators has led to a call for a ban. In March, Deputy Marco Antonio Sulantay, a member of the Sports Commission in the Chamber of Deputies, said he would submit an anti-advertising bill to the Lower House.
Sulantay said that sites operating in Chile did so “without paying any type of tax for the millions of dollars in profits they generate” adding that sports betting advertisements had ‘taken over’ sports.
"It is necessary to prohibit them from being sponsors of sporting events and clubs or for the Ministry of Finance to make decisive progress in regulating their operation in Chile... and for them to pay the corresponding taxes,” he said.
PUSHBACK FROM THE LAND-BASED SECTOR AND LAWMAKERS
It could be a long wait for online gambling to get the go ahead in Chile. Operators have turned to the courts in order to protect their interests and have fought long drawn out battles over licences. Tey were also able to block the SJC’s casino
WIRE / PULSE / INSIGHT / REPORTS P41
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