Industry
July 13, 2021
Codere Becomes Main Sponsor for Mexico’s Monterrey Rayados
Monterrey Rayados, a Mexican soccer powerhouse, has partnered up with Codere, which will become the team’s official sponsor through 2024/25. Codere Deepens Mexican Sports Presence Codere continues to build up its ties with soccer clubs around the world. After rival Sportsbet.io signed a fresh partnership with Brazilian powerhouse Sao Paulo FC, the international gaming operator […]
Industry
June 23, 2021
Codere Online Merges with DD3 SPAC to Go Public
Codere Online, an online gambling subsidiary to the Spanish gambling company Codere Group, has signed a merger with Nasdaq-listed SPAC DD3 Acquisition Corp, hoping to get a $350 million valuation. Codere Online Merges with Nasdaq-listed SPAC DD3 Nasdaq-listed special purpose acquisition company (SPAC) DD3 Acquisition Corp has signed a merger with Codere Online, an online […]
Business
May 14, 2021
Pariplay Games Are Now Available in Colombia
The leading aggregator and service provider Aspire Global’s Pariplay Ltd has launched games in Colombia with leading operator Codere. Pariplay Continues to Grow in Latin America As part of a deal that will help it cement its place in the rising Spanish-speaking industry, the Malta-based supplier has made its debut on the Codere games tab. […]
Sports
May 13, 2021
SiS Inks Deal With Codere for Hipódromo de Las Américas Race Broadcasting
Codere and SiS inked an exclusive deal under which SiS expands its broadcasting portfolio to include every horse race from the Hipódromo de las Américas racetrack in Mexico City. Consequently, all of the remaining horse races for the current season will be available for SiS customers around the world. SiS Signs Exclusive Deal With Codere […]
Business
May 11, 2021
Codere Restructuring Plan Receives Shareholder Approval
A restructuring deal proposed by creditors at Codere that will see the business being brought under a new holding company was approved by shareholders at the Madrid-based gaming operator. Restructuring Plan Gains Shareholder Approval The proposed deal set provisions for Codere creditors to take full control of the company’s operating business after the restructuring plan […]
Business
May 6, 2021
Codere Founding Family Demands €900M from US Investors
The plot around Spanish gaming operator Codere thickened after a demand by the company’s founding family to have their minority stake be acquired by the firm’s US investors as compensation. Justifiable Compensation The Martinez Sampedro family appealed to the National Securities Market Commission in Spain to demand from the regulator to impose on the remaining […]
Business
April 28, 2021
Codere’s Financial Struggles Continue, Moody’s Turns Less Optimistic
Even before the COVID-19 pandemic, it seemed that Spanish casino and gaming operator Codere was in a great position. As much as it worked to grow its global footprint, though, there were signs of financial difficulty that couldn’t ignored. The coronavirus exacerbated the situation and began to work with its creditors in order to find […]
Business
February 17, 2021
Codere and Monterrey Rayados FC Sign 4-Year Sponsorship Deal
Gaming operator with presence in Europe and Latin America Codere entered into a sponsorship agreement with the club from Mexico’s LigaMX, Monterrey Rayados Football Club, for the next 4 seasons. Main Sponsor of the LigaMX Club Under the terms of the sponsorship deal, Codere will become the main sponsor of the football club starting from […]
Industry
January 25, 2021
Codere Extends Debt Note Maturity to 2023
The gambling firm has renegotiated the terms of its senior secured debt notes to postpone their maturity to 2023 on the condition of a higher interest rate. Codere’s Creditors Approve Renegotiation of Terms Spanish gambling group Codere SA has received green light by its creditors to renegotiate the terms of its senior secured debt notes. […]