Codere announced expansion in Italy

The Spanish operator announced that it is looking to set up an acquisition focused strategy to launch sports betting and purchase slot parlors in Italy.

Italy.- In an announcement that was sent to the National Securities Market Commission (CNMV), Codere announced that it is looking to deploy a strategy to purchase slot parlors in the European country.

Codere also signed an agreement with Comar Group, the leading operator of private gaming in Galicia, Spain. According to the company, this agreement will allow the joint operation of sports betting by both companies, and it will strengthen Codere’s presence in the community.

By expanding sports betting in Italy, Codere is looking for new investments and trying to boost the economy after months of deficit and millionaire losses. Coders has a presence in Spain, Italy, Argentina, Brazil, Colombia, Mexico, Panama and Uruguay.