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Tag Archives: Financial Results

Losses worsen for Enjoy in the first quarter of this year

According to local daily La Tercera, in the midst of judicial reorganization initiated by the company due to a complex financial situation, Enjoy‘s losses tripled in the first quarter of this year. Losses increased from US $7m in March 2023 to US $26 million – a 240% variation. The company explained that the losses are…

Enjoy reports losses of $90bn

Enjoy S.A. published its financial statements for the last quarter of 2023, reporting a loss attributable to owners of the parent company of CLP $89.789bn as of December 31, 2023, deepening the negative balance from CLP $57.444bn the previous year. The company attributed this situation to several factors, including a lower EBITDA generated in 2023…

Dreams reports doubling of profit in 2023

Dreams has reported  an increase in its profits. The results at the close of 2023 reported to the Financial Market Commission (CMF) increased by 53 per cent, rising from $17.317bn (US$19m) in 2022 to $26.538 billion (US$30m). The revenues of the casino and hotel company grew, but to a lesser extent, adding 11 per cent…

Chile – Enjoy S.A. initiates judicial reorganization process

Through an essential fact signed by the general manager Esteban Rigo-Righi Baillie, Enjoy has announced that the 8th Civil Court of Santiago had initiated the “Judicial Reorganization Procedure” which the company announced at the end of January. The process will be led by lawyer and overseer Juan Ignacio Jamarne, who will be responsible for conducting…

Panama – Panamanians gambled over $2.5 billion in first 10 months of 2023

According to information published by the National Institute of Statistics and Census (INEC), Panamanians gambled USD2.515 billion between January and October 2023 on gambling and the lottery. This was a 12% increase compared to the same period of the previous year. Panamanians gambled USD1,864 million via casinos, bingos, online betting, horse racing and sporting betting…

Chile – Enjoy announces another restructuring

Shares for operator Latin America’s leading casino operator Enjoy have fallen after the company announced that it was going through another restructuring. The decision was made “based on the current financial situation of the Company, the expected cash flows for the coming months, and the payment situation towards the Company’s creditors.” Enjoy outlined a number…

Paraguay – Gambling revenue increases as board cracks down on street slots

According to The National Gambling Commission (Conajzar), revenue generated by the industry was up for the months of September, October, November, and December 2023 and overall compared to 2022. During the last four months of last year the board reported that it managed to collect G. 55,920,988,877 (USD7.5m) compared to G. 50,740,605,567 in 2022 (USD6.8m),…

Brazil – Brazilians gambled more than 11 billion dollars online last year

According to Brazilian newspaper Folha de S. Paulo during the period from January to November 2023, Brazilians spent approximately 54 billion reais (USD11.1 billion) on online gaming and betting. The figure was based on statistics from Brazil’s Central Bank regarding remittances sent to foreign companies. For comparison, the amount spent on gambling exceeded Brazilian beef…

Chile – Enjoy reports losses but outlook improving post pandemic

Enjoy closed the first quarter with a positive result in its sales, which was reflected in consolidated revenues of CLP$94,327 million, equivalent to a growth of 17% compared to the same period in 2019, exceeding pre-pandemic levels.  Likewise, the company registered a 22% increase in its sales in Chile and 71% in the consolidated Hotel…