The Chilean gaming board (SJC) has given the green light for a casino license to be awarded to Casino Patagonia S.A. in the municipality of Natales, situated in the Magallanes Region, the southernmost part of Chile. This marks the third attempt at securing the license, following two previously unsuccessful bids.
Regulatory approval process:
The authorization came following a public hearing overseen by the Undersecretary of Finance, Ms. Heidi Berner Herrera, who presided over the Deciding Council. This council, empowered by Law No. 19,995, holds the exclusive jurisdiction to grant, deny, renew, and revoke casino operating permits across the nation.
Casino Patagonia S.A. presented an economic offer of 5,100 UF (Unidad de Fomento), a currency unit adjusted for inflation, to secure the license. Additionally, the company is obligated to fulfill special conditions outlined in the technical requirements, including the development of a tourist impact project requiring…