Chile: Sun Dreams, Clairvest and Marina create region’s largest casino operator

Sun Dreams S.A. has signed an agreement with its rivals Clairvest and Inversiones Lomas de San Andrés (Marina), which will allow the three companies to merge their casino operations in the cities of Calama, Chillán, Talcahuano and Osorno, leading to a combination of their businesses assets throughout Latin America.

Sun Dreams will assume ownership and operation of 11 gambling casinos in Chile, eight in Peru, as well as a casino license in Argentina and 60% of certain gaming and associated licenses in Colombia. The agreement is estimated at approximately US$450 million.

The merger would create the largest casino operator in the region and change the map for the gambling industry in Chile, where its main rival is the international Enjoy.