News

Chile: Audit flags underpayment by Viña del Mar casino operator

Chile's Comptroller General has identified errors in the calculation of payments owed by the Viña del Mar casino operator to the local municipality.

· 3 min read
Share this article
Follow us on Google
AI Summary
Sign in to listen
Vina Del Mar
Key Points
Chile's Comptroller General identified errors in a casino concession payment owed to Viña del Mar
The audit found weaknesses in the Superintendence of Casinos of Gaming's oversight and internal controls

Chile's Comptroller General (CGR) has issued observations to the Superintendence of Casinos of Gaming (SCJ) after detecting shortcomings in the oversight of payments made by Casino del Mar to the municipality of Viña del Mar.

The findings stem from a special audit launched following complaints from the municipal government, which alleged that the casino operator failed to fully comply with the economic terms agreed under its concession contract.

According to the municipality, one of the monthly payments was both delayed and incorrectly calculated, resulting in an outstanding balance.

The case concerns the August 2024 concession fee, which amounted to CLP2.6bn ($2.86m) and was ultimately paid on 2 September 2024.

However, the CGR concluded that the calculation contained errors that reduced the amount transferred and noted the absence of corrective measures by the SCJ at the time.

In its report, the CGR highlighted weaknesses in the SCJ's internal controls and monitoring processes, particularly regarding the verification of payments owed by casino operators to host municipalities.

The audit underscores the importance of accurate oversight given the fiscal relevance of casino concession fees for local governments.

The findings come under broader regulatory scrutiny of Chile's casino sector, including legislative discussions on advertising restrictions as Chilean Senator Karim Bianchi has introduced a bill aimed at regulating and sanctioning the promotion of operators across digital media.

It also comes under tighter standards for future casino licences in the country, as the Municipality of Pucón has set out a tougher framework for the next operator of its casino license, expecting a more assertive stance after Enjoy renounced its operations in the commune.

Good to know

Comtrade Gaming has recently expanded into Chile with 24Games deal

Reaction Board

News Analysis

View All
olga-slotegrator

Inception to implementation: Building new foundations in online gaming

Slotegrator COO Olga Ivanchik reflects on her first year with the organisation, drawing on key implementations and strategies that have helped drive innovation as part of a new era at the company.

4 min read • • By Will Underwood
The new kings of US election donations

The new kings of US election donations: AI, crypto and sports betting

During this year's US midterm election cycle, corporate donations reached a record of $648m, with crypto, AI and online betting companies accounting for $344m.

6 min read • • By Patrick Fasolis
Alina Mihaela Popa Interview

Alina Mihaela Popa: Three techniques that make a flagship product

Iconic21's Chief Commercial Officer discusses how to grow an iGaming franchise.

4 min read • • By Will Underwood

In The News

View All