Clairvest Adds Casino in Chile

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Investment group Clairvest has taken an equity investment in Casino Sol Calama in Chile.

Chile Holdings, a holding company owned by Clairvest and co-investors, invested $20 million for a 50 percent equity stake in Casino Sol Calama. Chile Holdings also owns 50 percent equity stakes in Casino Marina del Sol and Latin Gaming
Osorno S.A.

Clairvest Group Inc. owns a 36.8 percent interest in Chile Holdings. Clairvest Equity Partners III owns a 37.6 percent interest.

“We are pleased to expand the relationship with our partners at Casino Sol Osorno, to now include Casino Sol Calama,” said Jeff Parr, co-CEO and managing director of Clairvest Group Inc.

The casino is situated in the Paza Sol del Loa complex in the city of Calama, in the Atacama Desert in northern Chile. The prosperous region has 150,000 residents and supplies a large portion of the nation’s copper exports.

Casino Sol Calama has 392 slots and 21 table games, plus a bingo parlor, restaurant and night club. Adjacent to the casino is a hotel and shopping center. The license gives the casino a monopoly in the city of Calama and the surrounding area for at least 15 years.

Latin Gaming Chile S.A., the operator of Casino Sol Calama, repaid loans of $13.8 million to Chile Holdings as part of the deal.