Saturday, April 13, 2024

Tag: Sun Dreams

Sun Dreams and Marina del Sol merger on hold

Sun Dreams Merger shelved
Sun International’s proposed merger of its Chile-based subsidiary Sun Dreams with the gaming assets of Marina del Sol has been shelved after the two companies were unable to come to an agreement.

Sun Dreams challenges SCJ over municipal licence decision

Chilean operator Sun Dreams has launched a legal challenge against the Superintendencia de Casinos y Juegos (SCJ), over the regulator's decision to award two concessions in the recent tender for the country's seven municipal licences, to its rival Enjoy. Sun Dreams filed a legal challenge with the Santiago Appeals Court, disputing the SCJ’s resolutions awarding the casino resort concessions for...

Enjoy comes out on top in tender for municipal casino licences

Enjoy was the clear winner in the contentious tender for Chile’s seven municipal casino licences, with the company’s general manager, Gerardo Cood, emphasising that the outcome will allow the firm to consolidate its “position as market leader in Chile”. The Chilean gaming regulator, the Superintendencia de Casinos de Juego (SJC), has awarded five of the country’s seven municipal casino licences,...

Sun Dreams buys Park Hyatt Mendoza

Chile-based Sun Dreams is set to enter the Argentinian market with the acquisition of Nuevo Plaza Hotel Mendoza SA, which owns and operates the Park Hyatt Mendoza hotel and casino. “It's hoped that the sale will be finalised by the end of July,” said Ecocuyo Leandro Livschitz, general manager of the Park Hyatt Mendoza. “While the ownership of the Park...

Sun Dreams finalises purchase of four casinos in Peru from Thunderbirds Resorts

LatAm Sun Dreams
Chilean operator Sun Dreams has finalised the purchase of four casinos in Peru from Thunderbird Resorts, in a $26m deal. The acquisition will see Sun Dreams add the Fiesta Hotel and Casino in the Miraflores district of the capital, and three other operations in Lima, Tacna and Cusco to its portfolio of properties in the country having bought them from...

Sun Dreams completes Thunderbird Resorts gaming acquisition

Thunderbirds club
Sun Dreams has announced the acquisition of Thunderbird Resorts’ Peruvian gaming portfolio, in a deal worth $26m. The Chilean operator, part of Sun International, completed the purchase through its own Peruvian subsidiary in early April, which includes Thunderbird’s flagship property Fiesta de Miraflores in the country’s capital Lima. “The purchase is part of Sun Dreams SA’s international expansion plans,” said general...

Huenchumilla defines the regulated industry in Chile

Casino Review - Chile Mariela
The regulated casino industry in Chile, based on a casino resort model, is engaged in an ongoing battle with unregulated slot parlours, dubbed ‘popular casinos’, with an estimated 33,000 illegal machines operating throughout the country. Sun Dreams’ Mariela Huenchumilla explains the company’s efforts to delineate the nation’s legal industry.   As head of Responsible Gaming for Sun Dreams, Mariela Huenchumilla, has...

Chilean casino licensing process stirs conflict between regulator and operators

Casino Review - Chilean gaming bill furore
In the coming days, the Chilean Supreme Court will define the way forward in the convoluted tender for the country’s seven municipal casino licences, a process that after more than a year of delay is causing conflict between operators and the authorities.   Delays over the tender for the seven municipal casino licences are provoking a furore amongst the major players...

Mariela Huenchumilla to drive responsible gambling debate at Juegos Miami

Casino Review - Mariela Huenchumilla, Sun Dreams, Juegos Miami regulation
Juegos Miami announces industry experts and thought leaders, including Sun Dreams’ Mariela Huenchumilla, who will be discussing social responsibility, gaming’s image and much more this May/June. Improving the public image of gaming and the use of tax revenues to fund social programmes will be two of the key topics debated on day two of the Learning Programme taking place at...

Dream big: Sun Dreams looks to new horizons

Casino Review Sun Dreams Patricio Herman
2016 was a landmark year for Chilean operator Sun Dreams as the firm completed its merger with Sun International in June and opened a new venue in Panama. Patricio Herman, the company’s Gaming Business Director, gives his take on what will be the challenges and opportunities for Sun Dreams in the year ahead.   International Casino Review: What were the...

Sun Dreams takes E135m loan for Latin American expansion

Casino Review Sun Dreams
Following its merger, newly created Latin American casino operator Sun Dreams has agreed to the terms and conditions proposed by several local financial institutions for a $150m loan (E135m) which the company stated would support its expansion across the region.   The company will reportedly use the loan, borrowed from local financial institutions BCI, BBVA, Banco Estado and Banco de Chile,...

Sun Dreams to invest $250m in Peru for major new casino

Newly-formed Latin American operator, Sun Dreams, is planning a major new casino in Peru.   Just weeks after the approval of the merger between Sun International and Dreams of Chile, South American casino operator Sun Dreams has announced plans to invest $250m (E180m) in a Las Vegas-style property in Lima, Peru. According to reports, the investment will see the development of the...