Chilean casino operator Enjoy to launch IPO in July

The company pointed that it will focus on the main institutional and personal investors in the country, such as mutual and investment funds, foreign funds, stock brokers and insurance companies, among others.

The information was released by the general manager of the company, Javier Martínez, who pointed that it will allocate the 30% of the property to the stock market, which means around 460 million shares. The financial councellor and agent of the firm, that operates casinos in Chile and Argentina, will be LarrainVial.

Javier Martínez, general manager of Enjoy, pointed that the road show will begin in the following days and will be focused on the main institutional and personal investors in the country, such as mutual and investment funds, hedge funds, foreign funds, stock brokers and insurance companies, among others.

Martínez explained that “this operation aims to bring Enjoy access to the capital market, inviting investors to participate in the interesting opportunities of development and growth that Enjoy has, and so plan its future leadership.”

The executive pointed that, in the latest years, Enjoy has been improving its business model and expanding its geographic coverage. He added: "We have also been working to strengthen the key points that will allow the future growth: the position of the brand, the improvement of our customer loyalty club, a different management model and, above all, a top level professional and human team.”

Enjoy currently operates casinos in Antofagasta, Coquimbo, Viña del Mar, Pucón and Puerto Varas, and has a minority participation in Colchagua casino. Besides, it operates a hotel and casino in the Argentine city of Mendoza and was granted the authorization to install a casino in Castro council, in the island of Chiloé.