Supplier News
Chile – Chile’s revenues up year-on-year for February
By Phil - 1 April 2015
According to statistics released by The Chilean Gaming Control Board (SCJ) gross gaming revenues for the 16 casinos operating in Chile stood at US$ 32.8m in February a 17.8 per cent decrease compared to the previous month.
However compared to the same month last year revenues are on the rise. The casinos received a total of 452,285 visitors, who spent an average of $45,205 pesos each.
Gross Gaming Revenue in February was 14.1 per cent lower than it was in January while the number of visits decreased by 4.3 per cent dropping from 472,680 in January to 452,285 in February. Average spend also fell by 10.2 per cent from an average spend of $ 50,367 pesos to $45,205 pesos in February.
However compared to the same month last year, gross revenue increased by 11.3 per cent from $18.373m pesos in 2014 to $20.445 in 2015, while the number of visitors increased by 0.2 per cent in 2014 from 451,505 to 452,285 in 2015. The average spend per visit also rose by 11.1 per cent from $40,693 pesos in 2014 to $45,205 pesos in 2015.
In February the 16 municipalities and 11 regions where the casinos are located received a total of US$5.5m in gaming tax revenue while casinos generated an additional US$2.2m in tax on entrance fees for the state. On top of this amount the casinos also generated U$5.2m in gaming VAT.
According to the latest statistics released by the SJC, the 9,635 slot machines in operation in February handed out an average of 93.8 per cent of the stake. While the total bets made on slot machines stood at US$442.1m the prizes handed out stood at US $414.4m leaving a total win for the casinos of U.S$ 27.6m.
In terms of gross gaming income generated by the casinos, the Monticello Grand Casino came in first place with 24.7 per cent ($5.057bn). In second place came Marina del Sol 12.4 per cent ($ 2.543bn). In third place came Casino Rinconada with 11.9 per cent ($ 2.435 bn). This was followed by Enjoy Antofagasta 10.1 per cent ($ 2.060bn). Dreams Temuco 6.7 per cent ($ 1.372bn). Dreams Punta Arenas 5.5 per cent ($ 1.134bn). Dreams Valdivia 5.3 per cent ($1.074bn). Casino Sol Calama 4.5 per cent ($914m). Gran Casino de Talca 4.0 per cent ($809m). Antay Casino & Hotel 2.9 per cent($584m). Casino de Juegos del Pacífico 2.7 per cent ($561m). Casino Sol Osorno 2.6 per cent ($522m). Casino de Colchagua 2.4 per cent ($484m). Casino Gran Los Ángeles 1.5 per cent ($310m). Dreams Coyhaique 1.5 per cent ($298m) and Enjoy Chiloé 1.4 per cent ($281m).
Gaming revenue is likely to significantly increase in the near future after the Chamber of Deputies approved a number of significant amendments to Chile’s gaming laws including the extension of municipal licences for a further two years.
The initiative extends the municipal casino licences until December 2017 in Arica, Iquique, Coquimbo, Viña del Mar, Pucon, Puerto Varas and Puerto Natales. Under current rules the municipal casinos only have to pay a percentage of gross income to the municipalities. At present this amounts to an average of 32 per cent but varies from 15 per cent to 43 per cent depending on the location of the casino. Once the municipal casinos come under control of the SJC in 2018 they will also have to pay 10 per cent tax of gross income to the region where they are located meaning that gaming income should increase significantly in 2018.
