October 6, 2021 |
Dreams and Enjoy, the two largest casino operators in Chile, said they are considering a merger, a move that is seen as helping to improve their profitability as traffic in their facilities recovers from a slump during the COVID-19 pandemic last year.
The deal, which is still under study and will require regulatory approvals, would create a new company that would be 63.9% owned by Dreams and 36.1% by Enjoy, both companies said in separate securities filings late on Monday.
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Dreams, Enjoy would operate 60% of the casinos and earn 75% of gaming revenues in the country