Dreams and Enjoy, the two largest casino operators in Chile, said they are considering a merger, a move that is seen as helping to improve their profitability as traffic in their facilities recovers from a slump during the COVID-19 pandemic last year.
The deal, which is still under study and will require regulatory approvals, would create a new company that would be 63.9% owned by Dreams and 36.1% by Enjoy, both companies said in separate securities filings late on Monday.
Dreams and Enjoy suffered financially during lockdowns for the pandemic last year, as they had to shut casinos and hotels.
The merger could prove beneficial for both companies.
