Chilean Gambling Laws Change, King Kong Cash Arrives

Written by Michael F. on 2010-09-09 at 10:37
Chilean gambling laws - GamingZion
Chile’s Gaming Superintendent Office recently made a small amendment to Chilean gambling laws to allow for the installation of South America’s first-ever WAP (Wide Area Progressive) across casinos in three of the country’s largest cities. Starting from late August, players in the cities of Temuco, Valdivia and Punta Arenas can play for some of the largest cash prizes these casinos have ever offered.

Progressive jackpots are networked prize pools that connect dozens, even hundreds of different gaming machines across multiple casinos. Every time a player makes a wager on one of these machines, a small percentage of that wager is added to the jackpot. The jackpot is seeded at about US$135,000 making it very profitable indeed.

Chile’s new WAP, called King Kong Cash, runs on a system called Galaxis, developed by gambling group Atronic. It is a scalable, modular system designed to be extremely flexible. While many WAP systems can only be attached to specific games, this King Kong Cash system can be configured to work with anything from video slots to table games.

Gaming Superintendent Javier Leiva is enthusiastic about Chile’s new jackpot system, and assures players that it will be operated with the utmost efficiency.

“As the regulating and supervising body we will watch over this market segment in order to ensure that players are informed properly about the number of interconnected machines and the amount of the accumulated progressive price as well as to guarantee that casinos continue giving players at least a returning percentage of 85% in prices.”

Similar progressive jackpot systems can be found at online casinos in Chile. The country has very relaxed laws when it comes to internet gambling, and players can sign up and win at internet casinos all over the world. Online progressive jackpot games are capable of paying out prizes in the millions.

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