MIÉ 8 DE MAYO DE 2024 - 21:16hs.
For US$6.5 million

Enjoy acquires two casinos in Chile to Latin Gaming

The casino operator Enjoy, which is linked to the international fund Advent and the Martinez family, signed a purchase agreement with Latin Gaming for 100% of the shares of Casino de Juegos del Pacifico and Casino Gran Los Angeles. This transaction, which also includes the transfer of the hotel located in the casino of the San Antonio port, amounts to US$6.5 million.

Enjoy's general manager, Gerardo Cood, said that this operation is in line with the company's development strategy. "We are attentive to investment opportunities that generate tangible and relevant synergies, and that is what we saw in these two properties," he said.

According to a statement issued by the Chilean casino and hotel operator, during the past year both casinos reached a consolidated income of approximately US$19 million for the concept of gambling. In this sense, Cood said that "along with an attractive price, we see in San Antonio and Los Angeles markets with a high potential associated with the new Enjoy management model".

Regarding the financing of the amount of the transaction, the executive said that Enjoy is in good standing to complete the operation with its own resources, which is part of the company's objective financial structure.

Source: GMB / Economia y Negocios (Chile)