INSUBCONTINENT EXCLUSIVE:
Dreams, Enjoy, and Marina del Sol face accusations of collusion in recent casino licensing bids.The FNE filed a complaint with the
Competition Tribunal, targeting these companies and five top executives
The alleged collusion affected casino license auctions held by the Superintendency of Gambling Casinos in 2020 and 2021.An anonymous tip-off
in February 2022 sparked the investigation into the lack of competition among the operators
The complaint revealed suspiciously low bids from the companies for their main gaming halls.The operators allegedly submitted economic
offers below 1% of their average annual gross gaming revenue
This figure was based on their 2018-2019 earnings for the same casinos.The FNE claims the companies agreed to bid only for renewing their
existing permits without facing competition
Jorge Grunberg, the National Economic Prosecutor, explained the impact of this alleged collusion.Chilean Casino Giants Accused of Rigging
Bids in Licensing Scandal
(Photo Internet reproduction)He stated that it allowed the operators to renew their 15-year casino licenses at much lower prices
These prices fell far below what a competitive process would have ensured.The FNE has requested record-breaking fines for the accused
companies in this collusion case
Dreams face the highest proposed penalty at approximately $112.4 million.Enjoy follows with a suggested fine of nearly $36.8 million
process and its economic impact
The outcome of this legal action could reshape the landscape of casino operations in the country.
