Enjoy to give up licences in Coquimbo, Viña del Mar, and Pucón
Enjoy has requested the resignation of its operating permits in Coquimbo, Viña del Mar, and Pucón, awarded in 2018. According to Diario Financiero, the three venues represent significant costs for the company as it undergoes a reorganization process.
The news was communicated through Enjoy’s financial statements, cited by the newspaper, which detailed that the request was made on February 24 and 26, and is currently under review by the Superintendence of Gaming Casinos (SJC).
Regulations have been amended to permit casinos to request the termination of their licenses without the requirement to pay guarantee bonds. Enjoy’s withdrawal will have a major impact on municipal revenues.
In January 2024 Enjoy, announced that it was undergoing another restructuring, the second in just two years. Enjoy cited a series of reasons for not reaching its growth projections, including “liquidity constraints and the slow post-pandemic recovery, which had greater complexities than initially anticipated.”
In addition in October The National Economic Prosecutor’s Office (FNE) accused Dreams, Enjoy, and Marina del Sol, along with five of their senior executives, of colluding to secure bidding for operating permits nationwide. In a filing submitted to the Tribunal for the Defence of Free Competition (TDLC) the FNE specified that for the bidding processes conducted by the SCJ in 2020 and 2021, the companies agreed that each would bid for the renewal of the permits they already held at that time.
