President Gabriel Boric of Chile has authorized amendments to Supreme Decree 1,722 concerning the management of municipal casino contracts.
New articles added to the Supreme Decree will allow Chilean gambling groups to terminate their licenses for municipal casino contracts without facing penalties or the payment of ‘guarantee bonds’.
The resolution was introduced by Minister of Finance, Mario Marcel Cullell, who sought to prevent further gambling-related conflicts from burdening Chile’s courts of justice. Prior to approving the resolution, Minister Cullell acknowledged that managing multiple municipal casino contracts had become unfeasible due to the solvency issues faced by domestic gambling groups still recovering from the aftermath of COVID-19.
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