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iGaming Business

Chile's Chamber of Deputies passes online gaming bill

The bill was approved by a large majority of the chamber. It aims to carve out a competitive online gaming market in the country, while protecting the health and safety of players. If passed into law, the bill would give new powers to several Chilean regulatory bodies. These include the Superintendence of Casino Games (SCJ), the Commission for the…

Industry ・ 15 December 2023

iGaming Business

Chile's casino win decline continues

According to Superintendencia de Casinos de Juego (SCJ), the country's 25 gaming casinos recorded gross gaming revenue of CLP47.8bn ($53.3m/€50.0m/£43.2m) discounting inflation in July 2023. This was 5.2% less than the amount generated in July 2022. Casino win has been down year-on-year every month so far in 2023. In 2022, win of CLP538.0bn was…

Finance ・ 22 September 2023

Yogonet

Chile: Online gambling bill adds sanctions against illegal operators and those who advertise them

The Economy and Development Committee of the Chilean Chamber of Deputies continued with the discussion of the bill that seeks to regulate the online sector in that country and, in its recent session, approved the sanctioning of online platforms that operate without a license granted by the Superintendence of Gambling Casinos (SCJ). In…

Industry ・ 29 August 2023

iGaming Business

Chile warns of increased online gaming scams

SCJ said that these scams are only possible due to the gaming sites being illegal in the first place. The regulator used the opportunity to warn the public about the risks consumers engage in when playing on unlicensed sites online. "It seems highly relevant to alert the public about the risks they are exposed to when carrying out online bets -…

Industry ・ 18 July 2023

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SBC News

Congress of Chile urged to impose advertising ban ahead of gambling resolutions

The National Congress of Chile has been notified that Coquimbo region representative Marco Antonio Sulantay will present a bill seeking to impose an outright'betting advertising ban of sports events and teams'. Yet to be submitted to the Lower House, the bill drafted by the Coquimbo deputy seeks to prohibit Chiliean media and sports clubs, (in…

Sports ・ 22 March 2022

Gambling News

Chile Online Gambling Bill Proposal Taxes Operators and Players

Chilean authorities introduce a proposal for a bill that will regulate online gambling in the country, generate millions in taxes annually and protect the people at risk, revealed Alejandro Weber, Undersecretary of Finance, in a statement to La Tercera. Speaking to the news media, Weber outlined the Chilean government is projecting around $55…

Finance ・ 08 March 2022

SBC News

Chile to speed up proposals to regulate online gambling

Alejandro Weber, Undersecretary of Finance for Chile, has revealed that the government will seek to regulate an online gambling marketplace that aims to generate around $55 million a year in taxes. In a statement to Chilian news source La Tercera, the Undersecretary shared that one of the goals of the project will be to protect users and impose…

Sports ・ 08 March 2022

iGaming Business

Chile reports record gaming revenue in October

This is the highest tax contribution since 2008, thanks to casinos generating gross gaming revenue (GGR) of CLP$54.9bn throughout the month. All 26 of Chile's casinos were in operation throughout October, with a total of 551840 visits from patrons. This was the first month that all 26 casinos operated since the beginning of the novel coronavirus…

Finance ・ 19 February 2022

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SBC Americas

Chilean Senate debates new casino advertising regulations

While Chile awaits the presentation of a new online gambling regulation project, promised by the Undersecretariat of Finance in January 2021, the Government, Decentralization and Regionalization Commission of the national Senate has started a new debate on regulations that would be included in the gambling law No. 19995. According to a report by…

Politics ・ 14 May 2021

SBC Americas

Chile to reopen casinos in Phase 2 of the restarts

Chile's Superintendency of Gambling Casinos has announced that casinos with open spaces will now able to reopen their doors for business. The decision comes just days after the Undersecretary of Tourism José Luis Uriarte said that conditions were not in place to proceed with the restarts in zones currently in Phase 1 and 2. In a decision dated…

Travel ・ 09 May 2021