Dreams and Enjoy reach a merger agreement and strengthen regional leadership

Enjoy will be the successor entity and the shareholders of Dreams - controlled by the Fischer group - will reach 64% of the shares of the combined entity, while the current Enjoy shareholders will control the remaining 36%.

Henry Comber, Chairman of the Enjoy SA Board of Directors, emphasized that "the merger of Dreams and Enjoy will consolidate the leadership of a Chilean company in the casino industry in Latin America and will allow the promotion of new lines of business such as e-gaming and other initiatives in the casino sector. entertainment, which will benefit from the greater scale and geographic diversification, which will undoubtedly allow us to deliver a better value offer for our clients”.

“The new firm will combine all the experience of both groups and a financial strength that will allow it to robustly face the new challenges that the effects of the pandemic and the development of new technologies have imposed on the gaming and entertainment industry in Latin America,” said Claudio Fischer, Chairman of the Board of Directors of Dreams SA.

Among the main assets that the merged company will have are:

Chile: Casinos, hotels, event centers and restaurants in the following councils: Iquique, Antofagasta, Coquimbo, San Antonio, Rinconada de los Andes, Viña del Mar, Mostazal, Los Ángeles, Temuco, Pucón, Valdivia, Puerto Varas, Castro, Coyhaique and Punta Arenas.

Argentina: Hotel Park Hyatt Mendoza and its casino.
Uruguay: Enjoy Punta del Este Casino & Resort.
Peru: Eight casinos and its assets associated in Lima, Tacna and Cusco, on top pf the online gaming operation Solbet.pe.

Panama: Ocean Casino in Punta Pacífica, Panama City.
Colombia: Three casinos, one in Cartagena de Indias and two in Bogota.

The execution of this operation is also subject to the approval of the national government authorities, including the Superintendence of Gaming Casinos, the Commission for the Financial Market and the National Economic Prosecutor's Office, as well as other government authorities in the countries in which the entities merged maintain operations. Thus, it will also require, as appropriate, the authorization of the current creditors of both companies.

The final agreement must be approved by the respective extraordinary shareholders' meetings of both companies and it is estimated that the operation will materialize during the next 9 to 12 months.