Spanish gaming multinational Codere has secured €36 million in credit lines to strengthen its operations in Mexico and Uruguay, while engaging in talks with Hard Rock International to develop a new casino in Mexico — a key strategic move in its Latin American expansion.
Codere currently operates 85 gaming halls and 90 betting shops in Mexico, while in Uruguay it runs six gaming halls, 26 betting shops and two racetracks. Part of the newly secured funds will be invested in upgrading its Uruguayan properties, amid reports that the company is considering selling 50% of its Uruguayan operations to Chilean operator Sun Dreams.
The company had previously activated a revolving credit line worth approximately $100 million and holds a refinanced bond of more than $858 million, maturing next year.
18+ | Juegoseguro.es – Jugarbien.es
