SCJ declares Puerto Varas casino tender unsuccessful in Chile
Tenders & awards1 min read
Chile’s Superintendencia de Casinos de Juego ended the technical evaluations for Inversiones y Turismo Puerto Varas and Sociedad Quiquilhue without awarding a permit. The SCJ said neither applicant met all legal and regulatory requirements, requiring a new process with revised technical conditions.
Chile's SCJ declared the Puerto Varas casino permit processes unsuccessful after finding that neither applicant met all legal and regulatory requirements.
The regulator ended its technical evaluations of bids from Inversiones y Turismo Puerto Varas S.A. and Sociedad Quiquilhue S.A. The decisions were formalised in resolutions 821 and 822, issued on 11 August and published in Chile's official gazette on 18 August. Under Chilean casino law, failure to meet the requirements is grounds for ending a technical evaluation without granting an operating permit.
Inversiones y Turismo Puerto Varas is linked to Dreams, which operates the current municipal casino, while Sociedad Quiquilhue has been linked to Corporación Meier. The existing casino may continue operating until a replacement authorised through a new process opens, under transitional provisions previously communicated by the SCJ.
Other Chilean municipalities have seen limited participation or no successful bids in recent casino permit processes.
The SCJ will start a new process for the Puerto Varas casino permit under Law No. 19.995 and its regulations. The regulator will have to redefine the special conditions in the technical specifications, which set legal, financial, investment and operational requirements for applicants.