The Ministry of Finance announced that it will enter Congress two bills that seek to modernize and make the gaming casino industry and its operations more flexible.
From the portfolio, which Rodrigo Cerda now leads, they said that The idea is “to start a modernization process of the casino industry that will allow us to overcome this crisis and project it into the future, ensuring its contribution to the country and especially to the regions ”.
That is why during the first semester of the year a bill to modernize these establishments was presented, but within the framework, of course, of the protection of the interests of the Treasury. Broadly speaking, what the bill seeks is “to adapt the technical requirements of the industry to new world trends and make its operation more flexible, as well as promoting responsible gaming.”
This project is the one that will include voluntary access to an extension of their current operating permits for casinos governed by Law No. 19,995, for a period of one year. Operators that agree to this extension must pay the State, for once, a tax that compensates for the lower revenues of the Treasury.
Another thing that the Treasury announced is the modification of supreme decree 1722 of 2015 of the Ministry of Finance, which regulates the process of granting operating permits for casinos. In simple terms, this would lead to a 6-month extension of the period that gambling casino operators have with permits granted in 2018 for the construction of their casinos and comprehensive projects.
But although it was established that the operators who agree to this extension must pay the State an additional tax to compensate for the lower income of the Treasury, the news, for its part, took little time to generate reactions in the industry, from where they described it as “unpresentable ”By ensuring that this would benefit an industry player.
In fact, the general manager of the Chilean Association of Gaming Casinos, Rodrigo Guíñez, said it was “unpresentable how the Government gave a new rescue to Enjoy one day after having to pay close to US $ 100 million for non-compliance”.
“They found the strong lobby he did with the authority. This confirms that the complaints of the main groups of investors that a couple of months ago publicly alerted of the favoritism of the government to Enjoy were true “said Guíñez considering the fact that tomorrow Enjoy will have the deadline to comply with the promised investments for its headquarters in Viña del Mar.
“All these decisions are even more serious if one takes into account that the rest of the casinos have asked for almost a year and without success that the government respect the rules of the game established in the 2005 law for the renewal of operating permits. ”, He added.
Regarding the second project, what was communicated is that it would also be presented in the first half of the year, and what it seeks is to regulate online gambling, which today does not pay taxes.
In 2019, the casinos generated gross income of US $ 670 million and paid taxes of US $ 210 million, with around US $ 80 million being distributed directly between the municipalities and regional governments where the casinos are located.