M&A speculation mounts in Chile, as Mexican gambling group Logrand Entertainment mulls over acquiring Enjoy SA.
As reported by local media, Logrand is monitoring Enjoy developments closely following the Chilean casino group’s failed merger attempt with main market rival Grupo Dreams SA.
Back in April, Chile’s Competition Authority (FNE) intervened on the Enjoy and Dreams merger that would have formed an outright dominant Chilean gambling group with +75% market share and circa 60% of land-based permits.
Though approved by the government, FNE ruled that the merger deal had failed to pass its ‘antitrust controls’. Of significance, the competition review saw FNE deem that “dealmakers had colluded to secure favorable outcomes”.
