SectorWire
SearchRegister
MenuClose

Rinconada casino buyers seek to join Chilean cartel case over blocked transfer

Regulation

AVLA, WEG Capital and BTG Pactual have asked to join the Chilean competition case involving alleged coordination by casino operators, as a precautionary measure continues to block the transfer of Casino Rinconada assets. The buyers said the transfer has not proceeded because the measure prevents Enjoy from relinquishing control of companies holding casinos in Rinconada, Los Ángeles and San Antonio; they said they do not intend to take a position on whether a cartel agreement existed.

The proceedings and asset restriction are delaying the buyers' ability to take control of Casino Rinconada.

Request a correction

Flag an issue

Keep reading