After failing to relaunch the Puerto Varas Casino with the operating permit, Chile casino operator Enjoy is hoping to avoid paying up to $12 million in ‘guarantees’ to the Superintendency of Gaming Casinos (SCJ).
The operator stated, “We have not been able to carry out the project for reasons strictly unrelated to the company. They are related to the continuous obstacles, some of which are illegal.”
“The collection of the aforementioned guarantees does not correspond if the administrative process of execution and verification of compliance with the obligations is early and conditions established in the Gaming Casino Operation Permit for supervening causes beyond the control of Casino de Puerto Varas SA.”
“This is a different situation than withdrawing or resigning from the project. We always had the firm intention of moving forward,” Eduardo Sboccia, Enjoy’s Public and Regulatory Affairs Manager, added. For the authority to collect guarantees, it must initiate a sanctioning procedure. In this, Enjoy can defend itself before the Courts of Justice. Only if a final sentence determines that there was a breach by the operator can these guarantees be made effective.”