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Chile – Chile publishes details for Municipal Tender Process
By phil - 8 mars 2016
The Chilean Gaming Board (SJC) has published the requirements for the upcoming tender process for the municipal casino licences.
In a statement published on its website the SJC’s Resolution Council lays down the minimum requirements for the new licences including a guaranteed minimum financial bid depending on the size and location of the new casino. This varies from US$526,000 (for the casino located in Puerto Natales) to a maximum of US$22.3m (for the casino located in Vina del Mar) in order to “foster greater competition” within the industry. In addition the SJC will take into account and welcome any additional projects connected to the casino which will improve tourist infrastructure.
Enligt uppskattningar från SJC kan den nya anbudsprocessen bidra till att höja skatteintäkterna som genereras för staten av de nya kasinon med så mycket som 46 procent i genomsnitt samtidigt som bruttospelinkomsten (som kommer att delas lika mellan kommunen och staten) där kasinot ligger) kommer att öka med 20 procent.
The SJC’s Resolution Council confirmed that the casinos in Arica, Iquique and Vina del Mar will continue to be housed in the municipal buildings which are already built and intended for this purpose but operators will be permitted to renovate and expand upon these properties.
The seven new licences are available after President Michelle Bachelet signed into law new regulations, which extend the licenses of the seven municipal casinos in Chile. The new rules extend the licenses until December 2017 in the districts of Vina del Mar, Arica, Iquique, Puerto Varas, Coquimbo, Pucon and Puerto Natales, which all expired on December 31, 2015. Once these licences expire the statute provides that from that date onwards, those municipalities will continue to be a home to a casino for a total of three periods of 15 years each and the new casinos will come under the supervision of the SJC. This will herald in a number of new large scale casinos especially as a number of the municipal casino licenses, such as the licence for Vina del Mar, are located in the most popular local tourists destinations.
