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Chile – Chile casino revenues drop slightly in June
By Phil - 1 August 2016
Gaming revenue decreased slightly in June this year compared to June 2015 but continues grow overall according to statistics released by the Chilean Gaming Control Board (SJC).
In June gross gaming income stood at $24.918bn a decrease of 0.8 per cent compared to June 2015. However, the sector has reported a cumulative growth rate of 5.7 per cent over the last 12 months.
In June the 16 municipalities and 11 regions where the casinos are located received a total of $4.06bn in gaming tax revenue while casinos generated an additional $1.310bn in tax on entrance fees for the state. On top of this amount the casinos also generated $3.979bn in gaming VAT. Visitors to the casinos spent on average $60,771 each 4.4 – percent more than June 2015 and recorded a cumulative annual growth rate of 3.2 per cent.
In terms of gross gaming income generated by the casinos, the Sun Monticello came in first place with 2.9 per cent ($6.952bn). Casino Rinconada came in second place with 12.7 per cent ($3.170bn). This was followed by Marina del Sol Talcahuano with 12.3 per cent ($3.075bn). Enjoy Antofagasta 8.8 per cent ($2.196bn). Dreams Temuco 6.9 per cent ($1.716bn). Dreams Punta Arenas 5.4 per cent ($ 1.334bn). Casino Sol Calama 4.2 per cent ($1.039bn). Gran Casino de Talca 3.8 per cent ($946m). Dreams Valdivia 3.7 per cent ($918m). Antay Casino & Hotel 3.3 per cent ($819m). Marina del Sol Osorno 2.7 per cent ($663m). Casino de Juegos del Pacífico 2.1 per cent ($533m). Casino de Colchagua 2.0 per cent ($506m). Dreams Coyhaique 1.6 per cent ($393m). Casino Gran Los Ángeles 1.5 per cent ($364m). Enjoy Chiloé 1.2 per cent ($294m).
According to the latest statistics released by the SJC, the 10,152 slot machines in June handed out an average of 93.7 per cent of the stake. While the total bets made on slot machines stood at $322.605bn the prizes handed out stood at $302.38bn leaving a total win for the casinos of $21.29m.
While the casino industry in Chile is well developed it does face a number of obstacles to growth most notably illegal gaming which continues to be an issue. However, the government is looking set to tackle the problem with the publication of a major new study into illegal gambling which was was delivered to local government leaders last month. The study revealed that there are now more than 33 thousand machines operating illegally in Chile. However local leaders have claimed that there is little they can do to control gambling machines operating outside of casinos as they say that they have little authority to intervene and there are no clear rules in place to tackle the issue.
