The Penquista group Valmar, from the Imschenetzky family, announced this Tuesday that it agreed to buy the Canadian group Clairvest its entire stake in Marina del Sol (MDS), which operates the casinos in Talcahuano, Chillán, Calama and Osorno, reported La Tercera.
Clairvest, according to its 2022 annual report, controls 50% of the casino in Talcahuano and Chillán, while in Osorno and Calama it has 74% of the shares.
Marina del Sol is the third most relevant player in the casino industry, following Dreams and Enjoy. Last year, its four rooms received 1,133,000 visits and gross gaming revenues totaled US$98 million, almost 15% of the industry total.
In 2023 the chain reported profits of $8,840 million in Talcahuano, $2,040 million in Osorno, and $1,538 million in Calama. In Chillán, meanwhile, it had losses of $305 million.
The purchase was “subject to certain suspensive conditions usual for this type of operations, including regulatory approvals, as well as obtaining financing associated with the sale, which must be met within a period not exceeding November 15, 2024,” detailed the companies to the Commission for the Financial Market. The parties require authorization from the Casino Superintendency.
With the end of the alliance, all the litigation that the partners have been dragging on for almost two years will be closed. Both have a series of disputes over differences over the administration, which led to arbitration trials and criminal complaints. The differences led to the dismissal of senior executives, who initiated labor lawsuits and revealed an investigation by the National Economic Prosecutor’s Office for alleged collusion in the casino market, involving Marina del Sol, Dreams and Enjoy and which led to the search of their homes. of the main executives of the three networks.
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