Chile’s casinos reveal gross income of $4279 million pesos

Chile’s casinos reveal gross income of $4279 million pesos

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Category: Blog, Industry News
Posted by: AffPapa
Chile casinos

Casinos all over Chile have recorded a gross gaming revenue of $4279 million pesos, according the Superintendency of Casinos of Chile.

This figure was recorded after 11 gaming casinos resumed operations in the country between November 19 and 28 of the last year. Moreover, out of the $4279 million pesos that were brought about, 513 million amounts to the tax on gambling for the Regional and Municipal Governments in which they operate.

The generated tax income is crucial to the financing development works and grants a huge amount to the general nation funds.

This gross gaming revenue was generated mostly from to the COVID-19 Management and Prevention Protocol in casinos, gambling and entertaining establishments that organised the resuming of casinos in most areas depending on their respective tier of the lockdown.

On the other hand, aside from the voluntary re-opening of casinos, it has become mandatory that those entertainment venues in Phase 5 (including gambling casinos) were to open for business.

Furthermore, once specific municipal gaming casinos begin operating and start operations, it is a must that they carry on with operations for a minimum of three days per week while still following all the guidelines and protocols that have been set.

Speaking financially, casinos that began operations during November 2020 recorded a gross gambling revenue of 4279 million pesos, 43.6% below the amount recorded for November 2019. In terms of visits to such casinos, it is guessed that around 39,042 people registered upon entry to the 11 casinos that were operating in November 2020. Daily visits were 57.2% lower than the visits recorded in November 2019 at the exact same casinos.