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Chile – Revenues on the rise for Chile’s casinos in July

By - 31 August 2016

In July casinos in Chile generated gross gaming revenue of U$S40,970,435 a positive monthly variation of 2.7 per cent compared to the same month in 2015.

As a result, the regulated industry in Chile has recorded an accumulated real growth of 5 per cent in the last 12 months.
The number of visitors in July stood at 494,015 – 0.29 per cent more compared to July 2015 and plus 1.8 per cent over the last twelve months. On average visitors spent $55,791 each a monthly variation of 2.4 per cent compared to July last year and 3.1 per cent over the last 12 months.

In July the 16 municipalities and 11 regions where the casinos are located received a total of $4.5bn in gaming tax revenue while casinos generated an additional $1.581bn in tax on entrance fees for the state. On top of this amount the casinos also generated $4.401bn in gaming VAT.

In terms of gross gaming income generated by the casinos the Sun Monticello came in first place with 25.9 per cent ($7.140bn pesos). The Casino Rinconada came in second place with 12.8 per cent ($3.526bn). Coming in third place was Marina del Sol Talcahuano with 12.6 per cent ($3.484bn). This was followed by Enjoy Antofagasta 8.9 per cent ($2.460bn). Dreams Temuco 7.0 per cent ($1.923bn). Dreams Punta Arenas 5.7 per cent ($1.564bn). Marina del Sol Calama 4.1 per cent ($1.122bn). Gran Casino de Talca 3.9 per cent ($1.078bn). Dreams Valdivia 3.7 per cent ($1.007bn). Antay Casino & Hotel 3.5 per cent ($957m). Marina del Sol Osorno 3.0 per cent ($827m). Casino de Juegos del Pacífico 2.7 per cent ($732m). Casino de Colchagua 2.0 per cent ($564m). Dreams Coyhaique 1.5 per cent ($426m). Casino Gran Los Ángeles 1.4 per cent ($399m) and Enjoy Chiloé 1.3 per cent ($353m).

According to the latest statistics released by the SJC, the 10,147 slot machines in July handed out an average of 93.9 per cent of the stake. While the total bets made on slot machines stood at $361.327bn the prizes handed out stood at $339.119bn.

Revenues for the casinos overseen by the Chilean Gaming control Board (SJC) are bound to increase significantly both short and long term. At the end of August the Ovalle Casino Resort S.A opened its doors to the public for the first time and received more than 3,000 visitors during its opening weekend. Representatives of the Spanish Argentine group Ovalle Casino Resort SA (Boldt from Argentina and Grupo Peralada from Spain) won the rights to operate the final (non municipal) casino licence in Chile in September 2013 after Casino Austria, which initially owned the licence, abandoned the project in 2012.

In addition after more than two years of controversy and legal wrangling in the courts the licensing process for the casino in the city of Chillán is finally over after the Resolution Council of the SJC ruled against Spanish Argentine consortium Boldt Perlada and awarded the licence to Chilean-Canadian operator Marina del Sol. Investment for the Marina del Sol project will amount to US$56.3m. Marina del Sol will have two years in which to build the casino and have it up and running.

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