Tag Archives: Sun Dreams

Enjoy has presented the main components of the agreement with Sun. The agreement   will now be analysed by the Superintendence of Gaming Casinos (SCJ) and the National Economic Prosecutor’s Office (FNE). In a presentation to shareholders, the firm highlighted that the merged company -which will be called “Dreams Enjoy SA,”- will consolidate itself as a…

Latin American casino group Enjoy has confirmed that it has reached an agreement to merge its gaming and hotel business with that of rival casino operator Sun Dreams. The merger will create the largest operator in the country and will also have a significant presence in other jurisdictions across Latin America. A potential merger would…

Chile’s Nueva Inversiones Pacifico Sur Limitada has reached a settlement with Latin American casino operator Sun Dreams and will now buy the entire stake held by Sun International’s subsidiary, Sun Latam. Pacifico has agreed to buy a 64.94 per cent stake in casino operator Sun Dreams for $160m from South African partner Sun International to…

Sun Dreams has suffered another setback with the Court of Appeals of Valdivia rejecting an appeal filed by the Chilean-South African firm for the damages suffered by the hotel casino in the city of Valdivia, during clashes between protesters and police. The casino and hotel was at the epicentre of clashes during the social protests…

Sun Dreams and Marina del Sol have reported that the proposed merger between the two companies has been cancelled. According to a memorandum released to financial authorities “the parties did not agree on the points necessary to carry out the transaction, they did not manage to exchange the background or the documents necessary to carry…

Damages worth millions experienced during the social unrest in Chile last year has caused Sun Dreams to file a protection claim before the Court of Appeals of Valdivia. The claim accuses the State of having “failed to guarantee public order and internal public security, which constitutes an arbitrary and illegal violation of constitutional guarantees.” According…

The Ninth Chamber of the Court of Appeals of Santiago de Chile has rejected the claim of illegality presented by Sun Dreams against the Superintendence of Casinos (SCJ), for granting the operating permit in Puerto Varas in the south of Chile, in June 2018, to its competitor Enjoy. In its ruling the court does not…

Sun International’s proposed merger of its Chile-based casino company Sun Dreams with the assets of Marina del Sol has been put on ice after the companies couldn’t reach agreement on a memorandum of understanding. Sun International confirmed that they had failed to conclude the proposed merger by the deadline of October 31. “The parties have…

Enjoy has filed a lawsuit before the Tribunal for the Defence of Free Competition (TDLC), against its competitor Sun Dreams, for possible acts of unfair competition. The conflict arose after Enjoy was awarded the 15-year license for the Pucón and Puerto Varas casinos once the tender for the municipal casinos was completed. “Fourteen months after…