Chilean Casino Revenues Drop in July

Chilean casinos saw their revenues dip again in July, this coming despite an increase in visitors to the properties.

The country's gaming regulator Superintendencia de Casinos de Juego (SCJ) revealed the casino revenues for the month as being CLP47.8 billion ($53.3 million USD) for the month, down 5.2% from what came in during July 2022. The drop continues the trend of casino revenues having declined from 2022 in every month of this year.

Visitor numbers were up, as 635,751 people visited casinos during the month, up 13% from last year. Players spend an average of CLP73,387 each per visit, which was down 16% from last year.

Taxes paid by the country's 22 casinos came in at CLP17.1 billion, down 0.8% from last year. CLP7.3 billion will be used by municipal governments, while CLP7.1 billion was related to VAT tax payments. CLP2.7 billion will go to the country's general fund.

The most successful casino for the month was the Monticello Casino in O'Higgins, which had double the revenue of the second-place casino of Enjoy Viña del Mar in Valparaiso.

No comment from the regulator was available at press time.