Enjoy to Invest US$115 Million in Chile

Casino del Lago S.A., also known as Enjoy, will invest US$115 in its Chile casinos. $31.8 million has been earmarked for Viña del Mar; $31 million for Pucón; $29.4 million for Coquimbo and $24.5 million for Puerto Varas.

Casino del Lago S.A. or Enjoy, which recently won four new gaming licenses from the Chilean Gaming Board, plans to invest a total of $US115 million in properties in Pucón, Puerto Varas, Coquimbo and Viña del Mar. Sun Dreams was awarded a license to operate in Iquique.

The licenses have a term of 15 years. The companies must develop their respective projects within two years, and may request extensions, which will be granted if the circumstances warrant.