After the end of January, the Superintendency of Gambling Casinos of Chile revealed that the month of November 2021 resulted in a tax amount of US$ 17.1 million for the country, with the casino market. Therefore, the casino industry in the Chilean region showed a “the recovery trend observed throughout the second semester of the year”.
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That said, the casino market in Chile managed to surpass the numbers obtained in the month of November 2019, when the world had not yet been ravaged by the global pandemic. The month of November 2021 resulted in a 14% increase over November 2019 revenue.
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The month of November 2021 was the second month in which the 26 casinos were allowed to continue operating, since the beginning of the pandemic. Thus, the SCJ reported that this was "a situation that allowed the recovery of Gross Gaming Revenue."
In this way, the casinos managed to contribute to Chile with an amount of US$ 17.1 million in taxes collected, managing to surpass the numbers reported in the month of November 2020. However, what caught the most attention was the month of November 2020. 2021 managed to surpass the same month of 2019, when there were still no signs of the global pandemic.
According to the figures revealed, about US$ 7.7 million was generated from gaming taxes in Chile. In addition, $7.3 million was from VAT payments on the games. Finally, $1.7 million came from taxes on indoor games, which went to Chile's general coffers.
Now, regarding the country's gross revenue, there was a collection of US$ 55.5 million, 14% greater than the revenue collected in November 2019, and greater than the numbers obtained in November 2020. Superintendency of Gambling Casinos of Chile noted the following: "In regards to visitation, 458k people entered the 26 casinos in operation, representing a 14.5% decrease when compared to November 2019. In addition, during November 2021, we registered an average spending of $121 per visit, which implies a real increase of 39.7% compared to November 2019".
Despite this, the Superintendency of Gambling Casinos revealed that this time the casino that most collaborated with taxes in the month of November was Sun Monticello, in O'Higgins. At the time, the casino contributed US$ 4.1 million in taxes. Then came the Enjoy Viña Del Mar and Enjoy Santiago de Valparaíso casinos, which contributed US$1.8 million and US$1.3 million, respectively.
Therefore, the casino market in Chile is yet to undergo a series of changes in the future, as Enjoy and Dreams has revealed that it is finalizing a business plan for the coming months. Therefore, the industry's operations in Chile should still bring great news to the sector.
However, Dreams executives will have a 64% stake in Chilean industry shares, while Enjoy's will hold 36%. On this occasion, there is speculation that the Chilean market will include electronic games in the list of games.
For now, the population of Chile must wait for further updates from the Superintendency of Gambling Casinos of Chile. However, it should be noted that there is still a high expectation that the year 2022 will be even higher than the year 2021, as the industry's return is being significantly positive.
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