Chilean casino operators tie up merger

Chilean casino operators tie up merger

Corporate & Sovereign Strategy M&A Technology Coronavirus Latin America Argentina Chile Colombia Panama Peru Uruguay

Dreams and Enjoy, the two largest casino operators in Chile, said Friday that they have reached an agreement to merge the two companies, creating a financially stronger enterprise to expand and improve services in Latin America. The combined company will be keep Enjoy's name, but Dreams' shareholders will own 64% and Enjoy's shareholders will have 36%, the two companies said in separate securities filings. Dreams is controlled by the Chilean businessmen Claudio and Humberto Fischer with a minori

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