Dreams CEO Wilhelm resigns in wake of Chilean anti-trust investigation

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Days after Chile’s congress announced plans to establish an investigative commission into sports betting, the CEO of Latin American operator Dreams SA is resigning.

Jaime Wilhelm is stepping down after his name was announced as one of the people the national government would be investigating for potential market manipulation and fraud charges, per SBC News.

The investigatory committee will be led by Chile’s Sports Minister Jaime Pizarro and will look into potential antitrust issues and the ongoing dispute between the National Association of Professional Football (ANFP) and its new crackdown on betting partnerships.

Prior to Wilhelm’s resignation, the state had intervened in a proposed merger between Dreams SA and another operator, Enjoy, back in April. The competition authority of Chile, FNE, intervened, citing anti-trutst concerns.

Just last week, Enjoy announced the company would be undertaking a strategic review of its company that could include a sale of various parts of the company, including its casinos in Chile, Argentina, and its resort property in Uruguay.

Wilhelm will no longer serve as the company CEO, however, he will remain with the company as a corporate advisor in the short-term. For now, Dreams GM Patricio Herman will serve as interim CEO.