With several cities in Chile placed under a state of emergency while protesters took to the streets towards the end of the year, income for the country’s casino industry continued to fall. Gross gaming revenue for the nineteen casinos operating in Chile combined with the seven municipal casinos reached $39,263m (US$49,462,100) in December 2019.
This is a negative monthly variation of minus -4.1 per cent per cent when compared to the same month in 2018, while accumulated real growth stood at -4.8 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 authorised by Law No. 19,995 recorded a gross win of $28,715m, which represents 73.1 per cent of the total. This was a real variation of -2.7 per cent in comparison with December 2019. As a result, the regulated industry recorded an accumulated real growth rate of -3.2 per cent in the last twelve months. On the other hand, the municipal casinos recorded a total of $10,548m of gross revenue, representing a total of 26.9 per cent of the total industry. This figure implies a real monthly variation of -7.7 per cent compared to December 2018 and an accumulated real growth rate of -8.7 per cent in the last 12 months.
Regarding visitor spending, during the month of December for the casinos which already come under the supervision of the SJC, average expenditure stood at $64,058 per visit, meaning a real variation of -2.4 per cent when compared to December 2018, and a real cumulative growth when it came to expenditure of -1.5 per cent over the last 12 months. Meanwhile the 448,265 registered visits reflected a variation of -0.3 per cent per cent compared to December 2018 but an accumulated growth of -1.7 per cent in the last 12 months. Data for average visitor spend for the municipal casinos is unavailable. However total visitors to the municipal casinos (not including the casino in Puerto Varas, which does not record this information) stood at 164,203.
The amount played in the month of December, in the 10,772 slot machines that were in operation in the 19 regulated casinos amounted to $384,786m. The prizes paid to the players reached $360,957 million equivalent to 93.8 per cent of the total wagered.
In December the municipalities and regions where the casinos are located received a total of $10,810m in gaming tax revenue from the nineteen non municipal casinos.
According to the latest report released by the Chilean Gaming Control Board (SJC), in terms of the gross gaming revenue generated by the casinos Sun Monticello came in first with 20.9 per cent ($8,192m), Casino Viña del Mar came in second with 10.9 per cent ($4,279m) while Marina del Sol Talcahuano came in third with eight per cent ($3,160m).
Economic inequalities, living costs and rising debt caused anger in the final months of last year in Chile. However Chile’s economy is expected to grow once more this year expanding by 0.50 per cent in the first quarter, according to analysts.
Caption: Marina del Sol Talcahuano