By SectorWire desk ·
Chile’s SCJ declared the Puerto Varas casino tender unsuccessful after evaluating technical bids from Dreams and Corporación Meier. The regulator said neither bidder met all legal and regulatory requirements. It plans a new process with revised special conditions.
Prospective bidders face a new tender with revised conditions after neither applicant met all legal and regulatory requirements.
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Dreams plans to enter the replacement Puerto Varas tender while continuing to operate the municipal casino during the process.
Gárate said the unresolved casino tender delayed investment, services and municipal decisions in Puerto Varas.
The hotel acquisition links ownership to Pucón’s sole casino permit applicant, while excluding the casino from the transaction.
Investors face tender exclusion risks as Grupo Meier considers investment protections under the Chile–Peru free trade agreement.
The unsuccessful lots leave two municipal casino concessions without bidders.
Enjoy’s requested Los Ángeles permit surrender requires assessment and a decision by the SCJ’s council, despite shareholder approval.