Supplier News
Chile – Revenues on the rise again for Chilean casinos
By Phil - 18 April 2016
The 16 casinos in operation in Chile have reported increased earnings according to statistics released by the Chilean Gaming Control Board.
In February gross gaming income stood at $23.9bn (Chilean pesos) an increase of 17 per cent compared to the same month last year. In February the 16 municipalities and 11 regions where the casinos are located received a total of $3.9bn in gaming tax revenue while casinos generated an additional $1.4bn in tax on entrance fees for the state. On top of this amount the casinos also generated $3.8bn in gaming VAT.
The number of visitors in February stood at 472,141 who on average spent $50,687 compared to 452,285 visitors in the same month last year who spent $45,205.
In terms of gross gaming income generated by the casinos the Monticello Grand Casino came in first place with 25.3 per cent ($6.06bn). In second place came Marina del Sol 12.1 per cent ($2.8bn). In third place came Casino Rinconada 11.9 per cent ($ 2.8bn). This was followed by Enjoy Antofagasta 9.7 per cent ($ 2.3bn). Dreams Temuco 7.4 per cent ($ 1.7 bn). Dreams Punta Arenas 5.3 per cent ($ 1.2bn). Dreams Valdivia 4.9 per cent ($ 1.1bn). Casino Sol Calama 4.0 per cent ($ 957m). Gran Casino de Talca 3.5 per cent ($ 831m). Casino de Juegos del Pacífico 3.1 per cent ($ 739m). Antay Casino & Hotel 3.0 per cent ($ 708m). Casino Sol Osorno 2.8 per cent ($671m). Casino de Colchagua 2.4 per cent ($579m). Dreams Coyhaique 1.6 per cent ($377m). Enjoy Chiloé 1.5 per cent ($358m). Finally in last place came Casino Gran Los Ángeles with 1.5 per cent of the market share ($357m).
According to the latest statistics released by the SJC the 9,869 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 $315.7bn the prizes handed out stood at $295.9bn leaving a total win for the casinos of $19.7bn.
The industry will expand significantly over the next two years now that the Chilean Gaming Board (SJC) has published the requirements for the upcoming tender process for the municipal casino licences. According to estimates released by the SJC, the new tender process could help raise tax income generated for the state by the new casinos by as much as 46 per cent on average while gross gaming income (which will be divided equally between the municipality and the state where the casino is located) will increase by as much as 20 per cent.
