News

Chile declares casino licensing processes vacant

Chile’s gaming regulator has terminated the evaluation of casino license applications in Coyhaique and Ancud after applicants failed to meet technical and regulatory requirements.

· 3 min read
Share this article
Follow us on Google
AI Summary
Sign in to listen
Chile declares casino licensing processes vacant
Key Points
The Casino Gaming Superintendency ended the technical evaluation of three applications after concluding they did not comply with applicable legal and regulatory standards
New licensing processes will be launched for the vacant permits under Law 19,995, although no timeline has been announced

Chile’s Casino Gaming Superintendency confirmed that it has terminated the evaluation of casino license applications submitted for the municipalities of Coyhaique and Ancud.

The decision was made after determining that the applicants did not fully comply with the requirements set out in the applicable technical guidelines.

According to the resolution released by the regulator, the technical evaluation phase ended for three applications filed by Rio Simpson, Casino de Juegos Coyhaique and Sociedad Mirador Hueihuén. The bids covered one national casino permit and one permit reserved for the Aysén Region.

The Superintendency’s Resolutive Council concluded that the applicant companies failed to meet the legal and regulatory standards required at the technical evaluation stage. Under Chilean gaming regulations, non-compliance with these requirements constitutes sufficient grounds to halt the licensing process without advancing to subsequent evaluation phases.

Rio Simpson and Casino de Juegos Coyhaique had applied for authorization to operate a casino in Coyhaique, located in Chile’s southern Aysén Region. Sociedad Mirador Hueihuén, meanwhile, applied for a casino license in the municipality of Ancud, in the Los Lagos Region.

The regulator confirmed that new licensing processes will be launched for both vacant slots in accordance with Law 19,995 and its related regulatory framework. No timeline was provided for the opening of the new application rounds.

The decision delays the allocation of casino licenses in two southern regions where Chile’s regulator has sought to expand gaming operations through competitive permitting processes. The vacant procedures represented potential entry points for operators seeking to establish casino facilities in areas that currently do not host licensed gaming venues.

Good to know

Chilean authorities have recently assessed the potential fiscal impact of proposed online casino regulation, with preliminary estimates suggesting the effective tax burden could reach up to 37.6% of gross gaming revenue under the current bill framework

Reaction Board

News Analysis

View All
Codere acquisition

Codere sale: Could splitting the group unlock buyer interest?

Codere's individual business divisions are reportedly attracting greater interest from potential buyers than the group as a whole. Following years of financial restructuring and a successful turnaround, can its investors finally cash in on the recovery?

4 min read • • By Marieta Lezaic
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

In The News

View All