Dreams SA has informed investors that Jaime Wilhelm has resigned as Chief Executive of the Pan-South American casino group.
The resignation comes as Wilhelm is announced as one of the executives to be investigated by Chile’s Competition Authority (FNE) for alleged market violations and fraud charges.
Last April, the FNE intervened in the planned merger of Dreams with its main market rival, Grupo Enjoy. The merger sought to control all Chilean casino licenses and concessions for municipal arcades.
The deal had put forward arrangements to address competition concerns raised by Chile’s Financial Markets Commission (CMF). However, the deal was abandoned at the final stage when the FNE launched an ‘antitrust investigation’ into how the deal was formalised.
