Carolina Gálvez Fuentes will assume the position starting January 1, 2025.
Chile.- Amid a challenging scenario marked by a drop in revenue and a new judicial reorganization process, the Extraordinary Board Meeting of Enjoy was held, which was characterized by a key change at the top.
Esteban Rigo-Righi agreed that he will leave his position as general manager of Enjoy on December 31 "to take on new professional challenges". It is worth remembering that Rigo-Righi had taken over the general management in January of this year, replacing Eliseo Gracia Martínez
“The Board thanks Mr. Rigo-Righi for his commitment, professionalism, and valuable contribution during his management and especially for the success in the approval of the Enjoy's judicial reorganization agreement”, communicated by the company through an essential fact to the Financial Market Commission (CMF), signed by the president of Enjoy, Jaime Maluk.
Furthermore, they reported that the Board has appointed as general manager Carolina Gálvez Fuentes, current Investor Relations, who will assume this position starting January 1, 2025.
See also: Alleged collusion of casinos in Chile: Enjoy and Dreams ask the court to reject the request of the FNE
Last month, Enjoy presented the financial information for the third quarter of 2024. According to the report presented to the Financial Market Commission (CMF), the casino operator reported total revenues of CLP54.647m (USD56m), which represents a decrease of 8.7 percent compared to the previous year.
According to the company's communication, this drop is due to the fact that “they do not consider the revenues from Antofagasta casino operation. From this period, the results of the Punta del Este, Uruguay unit are also not consolidated, as they have been reclassified as assets and liabilities available for disposal or sale. If these revenues were considered, a growth of 20.5 percent would be obtained».
Also, the ordinary activity revenues of Enjoy as of September 30, 2024, reached CLP166.715m (USD170.8m), which is 6.5 percent lower than the same period in 2023.
Regarding the Ebitda for the first nine months, it was negative at CLP12.683m (USD12.9m), higher than the negative CLP382m as of September 30, 2023, which according to the reasoned analysis of the company is mainly explained by not achieving the required revenues to finance the costs and expenses incurred. The Ebitda margin for the year 2024 was -7.6 percent compared to -0.2 percent for the same period of the year 2023.
