These are the Chilean Enjoy, owner of the former Conrad hotel in Uruguay, and Dreams. How will it impact the gaming and betting business
Details of the operation “The new firm will combine all the experience of both groups and a financial strength that will allow it to robustly face the new challenges that the effects of the pandemic and the development of new technologies have imposed on the gaming and entertainment industry in Latin America,” said Claudio Fischer, president of the board of Dreams. The execution of this operation is also subject to the approval of the Chilean government authorities, including the Superintendence of Gaming Casinos, the Commission for the Financial Market and the National Economic Prosecutor’s Office, as well as other government authorities in the countries in which the merged entities maintain operations. Thus, it will also require, as appropriate, the authorization of the current creditors of both companies. The final agreement must be approved by the respective extraordinary shareholders’ meetings of both companies and it is estimated that the operation will materialize during the next 9 to 12 months.
Two of the most relevant players in the casino business merge
Among the main assets that the merged company will have are: Gaming casinos, hotels, event centers and restaurants in the districts of Iquique, Antofagasta, Coquimbo, San Antonio, Rinconada de los Andes, Viña del Mar, Mostazal, Los Angeles, Temuco, Pucón, Valdivia, Puerto Varas, Castro, Coyhaique and Punta Arenas. While in the region the Park Hyatt Mendoza Hotel and its gaming casino are incorporated into the new society; Enjoy Punta del Este Casino & Resort; eight casinos and their associated assets in Lima, Tacna and Cusco, in addition to the Solbet.pe online gaming operation; Panama Ocean Casino in Punta Pacifica, in Panama City; and three gaming casinos, one in Cartagena de Indias and two in Bogotá