Tuesday, March 28, 2023

Tag: Codere

Codere extends Mexican presence until 2048

Codere has celebrated its 75th anniversary by securing a 15- year extension to its licence for the operation of 90 Mexican gaming establishments.
Codere has celebrated its 75th anniversary by securing a 15-year extension to its licence for the operation of 90 Mexican gaming establishments. The Spanish gaming group, which operates in the country through its Administradora Mexicana de Hipodromo and Operadora Cantabria subsidiaries, will maintain the venues as part of an ongoing strategy to increase its Mexican presence. “We are a leading company...

Currency depreciation hits Codere despite European growth

Codere has reported first quarter 2018 revenue of $458.4m, a 5.4 percent fall from $477.6m achieved during the same period last year. The Spanish casino and bingo operator attributed the drop in performance to a decline across Latin American operations. The figures were “driven by an adverse evolution of most local currencies and the US dollar versus the euro,” said a...

Panama’s casino industry still impacted by 5.5 percent consumption tax

Panama seafront
While the government is looking to further develop the country’s tourist industry, Antonio Alfaro, president of trade body Asaja contends that the 5.5 percent consumption tax on the gambling industry combined with increased operating costs means that Panama’s casinos are unlikely to reap the benefits. With a 5.4 percent rise in GDP in 2017, Panama seems to have regained its...

EGT land new installation deal at Codere’s Colombian casinos

After a year and a half of multitude installations the office of Euro Games Technology in Colombia has made another large-scale delivery for Codere in the country.   The world-famous casino operator and long-term partner of the manufacturer has again opted for EGT machines for ten of its gambling establishments this time adding some new product solutions to the traditionally preferred...

Codere report suggests growing millennial clientele for casinos

The University of Carlos III Madrid (UC3M) and the Codere Foundation have presented their Annual Report on Gambling in Spain. The report states that casinos made up 6.8 percent of Spanish market – the statistics covering players aged between 18 and 75 - in 2016, or around 2.3 million people. Bingo also showed a slight growth, reaching 9 percent, compared...

EGT strengthens position in Mexico

ICR - EGT Casino Mexico
Following on from its first key installation in Mexico, Euro Games Technology, has taken a step further into the region with local casino operator, Codere.   Euro Games Technology (EGT) continues to show its commitment to Mexico following its latest installation of 130 slot P-27/27 St Slim model cabinets to the region’s largest casino operator, Codere. The new installation marks the beginning...

EGT makes strong entrance on the Colombian stage

Casino Review Euro Games Technology
Euro Games Technology (EGT) made a dramatic début on the Colombian market with the large-scale installation of 128 cabinets in over 20 casinos and gaming halls belonging to casino operator Codere.   The installations reflected EGT’s stated ambition to achieve a wide presence in Colombia, which the company sees as one of the countries with the highest gambling potential in the...

EGT cite spectacular start in Columbia

Casino Review, EGT,Columbia, Silviya Marinova, Codere
Colombia has huge gaming potential and EGT have got off to a flying start. Euro Games Technology (EGT) has made a strong early impression in Colombia with a large-scale installation of 128 cabinets in over 20 casinos and gaming halls of casino operator Codere. EGT has high aspirations in what it described as one of the countries with the highest...

NetEnt takes its first step into Latin America courtesy of Codere

Casino Review Mexico NetEnt Codere third
The leading provider of gaming solutions NetEnt has formed a deal with Codere to promote its portfolio of games online to players in Mexico.   NetEnt has signed an agreement with Spanish gaming operator Codere to enter the online market in Mexico. Codere is one of the largest casino operators in Mexico and has an operator license for both land-based and online...