Land-Based Gambling in Chile
Land-based gambling has been legal in Chile since the 19th century. Although the first brick-and-mortar casino was established in 1852, it has since shut down.
Having said that, Chile is currently home to the biggest physical casino in Latin America. The Vina del Mar has been in operation since 1930, which makes it quite popular. It offered its services way before the country began regulating brick-and-mortar casinos.
In 2005, Chile began properly regulating land-based gambling. This was after the Superintendencia de Casinos de Juego was established to regulate this form of gambling. Land-based casinos are required by law to obtain licenses from the regulator to set up shop.
Currently, there are up to 25 physical casinos that operate legally within the Chilean borders. However, based on Law No. 19995, physical casinos must limit their operations to three zones.
Moreover, the gambling law does not allow casinos to offer services in Santiago. Still, three physical casinos have managed to set up shops very close to the city.
The three zones specified in terms of physical gambling include the South, the North, and the Central.
The North zone includes Coquimbo, Arica and Parinacota. The South zone is situated between Magallanes and La Araucania. Lastly, the Central zone includes Valparaiso and Bio Bio.
Of note, Chile has 7 land-based casinos that operate with municipal concession. They are situated in Coquimbo, Pucon, Iquique, Puerto Varas, Vina del Mar, Puerto Natales, and Arica.
The remaining 18 casinos are allowed by Law No. 19995 to operate in various cities countrywide.
The city of Valparaiso currently has the largest number of physical casinos. It boasts 3 gambling halls fully operational within its territory. Also, this is the maximum number of gambling facilities that can operate per city.
Land-based casinos in Chile offer various products allowed by the law. These include roulette, blackjack, slot machines, and poker.