Global Presence

Codere started its business in Argentina in 1992 and is currently the leading operator in the private gaming industry in the country and the major gaming hall operator in Buenos Aires province. 

 

The company performs its business in Argentina under bingo licenses (one per hall), expiring in two cycles; the first between 2021 (renewed in 2022 for a 15-year period) and 2024 (eight licenses); and, the second between 2028 and 2029 (five licenses). In addition to traditional bingo, slot machines are also operated at these halls. Codere’s gaming halls are located in the Buenos Aires conurbation, in Great Buenos Aires, in Mar del Plata, a tourist city, and La Plata, capital of the province. 

 

Since 2021, the online sports betting and casino games in the City of Buenos Aires must be added to the retail gaming halls and machines portfolio. 

 

Activity areas (2023):

• 6,576 machines
• 11,692 bingo seats
• 13 gaming halls
• Online activity  (in CABA)

Turnover (2023)*:

• Revenue: €278.4 million 
• EBITDA: €39.7 million 

* Note: Data from Codere's financial statements included in the 'Q4 2023 Earnings results' published on 03/19/2024, not independently audited. Financial information by business area is presented in accordance with generally accepted accounting principles and Codere's internal criteria.

Codere Argentina