Chile – Income down for Chile’s casinos by four per centBy Phil - 6 March 2019
Gross gaming revenue for the eighteen casinos operating in Chile combined with the seven municipal casinos reached $40,966m (around US$63m) in January 2019.
This is a negative monthly variation of minus -3.7 per cent when compared to the same month last year, while accumulated real growth was 2.8 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 authorized by Law No. 19,995 recorded a gross win of $26,754 million (USD 40,666,080), which accounted for 65.3 per cent of the total. This was a real variation of -1.4 per cent in comparison with January 2018. As a result, the regulated industry recorded an accumulated real growth rate of 5.1 per cent in the last twelve months. On the other hand, the municipal casinos recorded a total of$ 14,212 million of gross revenue, representing a total of 34.7 per cent of the total industry. This figure implies a real monthly variation of -2.6 per cent compared to January 2018 and an accumulated real growth rate of -2.3 per cent in the last 12 months.
Regarding visitor spending, during the month of January for the casinos which already come under the supervision of the SJC average expenditure stood at $ 60,380 per visit, meaning a real variation of 4.7 per cent when compared to January 2018, and a real cumulative growth when it came to expenditure of 3.2 per cent per cent over the last 12 months. Meanwhile the 443,099 registered visits reflected a variation of -5.8 per cent compared to January 2018 but an accumulated growth of 1.8 per cent in the last 12 months
The amount played in the month of January, in the 10,358 slot machines that were in operation in the 18 regulated casinos amounted to $367,112m. The prizes paid to the players reached 344,903 million, equivalent to 94.0 per cent of the total wagered.
Meanwhile, total visitors to the municipal casinos (not including the casino in Puerto Varas, which does not record this information) stood at 285,488 for the month of January. Unfortunately, for now this information cannot be compared, indexed or added to that registered by the casinos as authorised by Law No. 19.995, because there are no standardised measures in place by the SJC. In addition, data for average visitor spend for the municipal casinos is still unavailable.
In January the municipalities and regions where the casinos are located received a total of $10,111m in gaming tax revenue from the eighteen municipal casinos while they also generated an additional $1,500 in tax on entrance fees for the state. On top of this amount they also generated $4,272m in gaming VAT.
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 17.0 per cent ($6,951m), Casino Viña del Mar second 13.8 per cent ($ 5.641m) and Marina del Sol Talcahuano third 8.0 per cent ($3,265m). This was followed by Casino Rinconada 7.2 per cent ($ 2,943m). Coquimbo 7.1 per cent ($ 2,914m). Enjoy Antofagasta 4.9 per cent ($2,002m). Casino de Pucón 4.7 per cent ($1,933m). Casino de Iquique 4.3 per cent ($ 1,763m). Dreams Temuco 4.0 per cent ($ 1,646m). Dreams Punta Arenas 4.0 per cent ($ 1,624m). Casino Puerto Varas 3.4 per cent ($ 1,402m). Dreams Valdivia 2.9 per cent ($1,185m). Gran Casino de Talca 2.3 per cent ($927m). Antay Casino & Hotel 2.2 per cent ($921m). Casino de Juegos del Pacífico 2.2 per cent ($891m). Marina del Sol Calama 2.1 per cent ($866m). Marina del Sol Osorno 2.0 per cent ($813m). Casino de Colchagua 1.3 per cent ($535m). Casino Luckia Arica 1.2 per cent ($ 509m). Dreams Coyhaique 1.2 per cent ($492m). Casino Gran Los Ángeles 1.1 per cent ($ 449m). Casino de Arica 1.0 per cent ($ 399m). Enjoy Chiloé 0.9 per cent ($374m). Ovalle Casino Resort S.A. 0.9 per cent ($360m) and finally Casino de Natales 0.4 per cent ($160m).
Caption: Sun Monticello