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Tag Archives: Sun Dreams

Chile – Enjoy and Sun Dreams confirm merger to take 76 per cent of Chilean casino market

Latin American casino group Enjoy has confirmed that it has reached an agreement to merge its gaming and hotel business with that of rival casino operator Sun Dreams. The merger will create the largest operator in the country and will also have a significant presence in other jurisdictions across Latin America. A potential merger would…

Chile – Pacifico agrees to buy Sun International’s entire stake in Sun Dreams

Chile’s Nueva Inversiones Pacifico Sur Limitada has reached a settlement with Latin American casino operator Sun Dreams and will now buy the entire stake held by Sun International’s subsidiary, Sun Latam. Pacifico has agreed to buy a 64.94 per cent stake in casino operator Sun Dreams for $160m from South African partner Sun International to…

Chile – Sun Dreams’ compensation claim rejected by court

Sun Dreams has suffered another setback with the Court of Appeals of Valdivia rejecting an appeal filed by the Chilean-South African firm for the damages suffered by the hotel casino in the city of Valdivia, during clashes between protesters and police. The casino and hotel was at the epicentre of clashes during the social protests…

Chile – Merger between Sun Dreams and Marina del Sol cancelled

Sun Dreams and Marina del Sol have reported that the proposed merger between the two companies has been cancelled. According to a memorandum released to financial authorities “the parties did not agree on the points necessary to carry out the transaction, they did not manage to exchange the background or the documents necessary to carry…

Chile – Sun Dreams wants compensation for damage sustained during riots

Damages worth millions experienced during the social unrest in Chile last year has caused Sun Dreams to file a protection claim before the Court of Appeals of Valdivia. The claim accuses the State of having “failed to guarantee public order and internal public security, which constitutes an arbitrary and illegal violation of constitutional guarantees.” According…

Chile – Court rules against Sun Dreams in Puerto Varas case

The Ninth Chamber of the Court of Appeals of Santiago de Chile has rejected the claim of illegality presented by Sun Dreams against the Superintendence of Casinos (SCJ), for granting the operating permit in Puerto Varas in the south of Chile, in June 2018, to its competitor Enjoy. In its ruling the court does not…

Chile – Merger between Sun Dreams and Marina del Sol is on hold

Sun International’s proposed merger of its Chile-based casino company Sun Dreams with the assets of Marina del Sol has been put on ice after the companies couldn’t reach agreement on a memorandum of understanding. Sun International confirmed that they had failed to conclude the proposed merger by the deadline of October 31. “The parties have…

Chile – Enjoy files lawsuit against Sun Dreams over casino delays

Enjoy has filed a lawsuit before the Tribunal for the Defence of Free Competition (TDLC), against its competitor Sun Dreams, for possible acts of unfair competition. The conflict arose after Enjoy was awarded the 15-year license for the Pucón and Puerto Varas casinos once the tender for the municipal casinos was completed. “Fourteen months after…

Chile – Marina del Sol and Sun Dreams merge to expand in Latin America

Casino and hotel operators Marina del Sol and Sun Dreams will merge their operations in Latin America creating one of the largest casino operators in the region. Sun Dreams operates seven casinos in Chile: Iquique, Sun Monticello, Temuco, Valdivia, Puerto Varas, Coyhaique and Punta Arenas, one in Argentina (the Park Hyatt Mendoza, Hotel, Casino &…