Casino Dreams Valdivia inaugurated in Chile

The eleventh casino project inaugurated involves an investment of us$ 49.3 million, generates 392 permanent direct employments and complies with the norm set by the Casino Superintendence (SCJ) to apply technical and transparency standards in casinos, as developed countries do.

The superintendent assured that “all the gaming material was revised and authorized by the Superintendence, and all the games of chance machines are new, with instructions in Spanish, and guarantee a jackpot percentage for the player of no less than 85% of the total of the possible gaming combinations.”

The 20% of the gross gaming income that new casinos must pay –specific gaming tax-, may just be invested in development work. The superintendent commented that estimations point that, for February 2010, Valdivia council and the regional government of Los Ríos will receive-each- close to us$ 863,115 in concept of specific gaming tax. He also said that: ”in the new industry, resources received cannot be allocated to expenses of local and regional governments, because they must just be invested in development work that directly benefits the population”.

Of the 18 casinos that comprised the new legal industry in Chile, the project that is being built in Punta Arenas council is in the verification stage; they are already operating the ones in Antofagasta, Copiapó, Santa Cruz, Mostazal, Talca, Pinto (Termas de Chillán), Talcahuano, Los Ángeles, Temuco, Valdivia and Osorno; and finally, the ones that are in the materialization stage are in Calama, Ovalle, San Antonio, Rinconada, Castro, Coyhaique and Punta Arenas.