Nueva Inversiones Pacífico Sur Limitada has completed the process to acquire the casino operator Sun Latam SpA, known as Sun Dreams. The Chilean company, managed by Humberto and Claudio Fischer, filed the official document to the Financial Market Commission (CMF) on Monday this week.

Back in August, the two firms announced an agreement for Pacífico Sur to acquire 65% of Sun Dreams, which was previously operated by both of them. By sending the document to the CMF, they have established that Sun Dreams is now a 100% Chilean company.

“Both companies certified compliance with each and every one of the conditions set out in the Purchase Agreement, including the approval of the local regulator (SCJ) and other corporate authorizations from both shareholders,” the companies said in a statement.

“They have proceeded to sign all documents and contracts necessary to materialize this acquisition”, they added, according to La Tercera.

Anthony Leeming, CEO of Sun International, had commented that a dispute with the local regulator was “a relevant factor” when making the decision to leave Sun Dreams. The company and the regulator disagreed in the process to bid for the 12 casinos in Chile.

Along with the Chilean Association of Casino Gaming (ACCJ), the current licensed operators argued that the bidding process violates previously agreed regulations. The companies had invested more than $1.4bn as the regulator had promised that they would get a 15 year license and an another 15 year extension, a point that has been discarded by the SCJ in the initial call this year.