Global Presence

Argentina

CODERE’s activity in Argentina is in the province of Buenos Aires, where it operates slot machines and bingos located in 14 bingo halls. In recent years CODERE has become one of the leading companies of the private gaming sector in Argentina.

In 1991, CODERE opened its first bingo halls in the Province of Buenos Aires. At the end of the decade, slot machines were allowed into the bingo halls.

In 1998 CODERE acquired a 25% stake in the bingo operator Grupo Royal, a percentage that subsequently rose to 94% and which is currently 100%.

Codere Group is the largest gaming hall operator in the Province of Buenos Aires. Before the pandemic (as of March 31, 2020), it operated a total of thirteen gaming halls, 6,861 slot machines, and 11,692 bingo seats. Codere’s gaming halls are located primarily in and around Buenos Aires (Greater Buenos Aires), where the company operates eight halls; the tourist city of Mar del Plata, where there are four gaming halls; and the provincial capital of La Plata, where there is one hall.The company also plans to operate online gaming in the City of Buenos Aires in 2021.

Codere’s operations in the country are carried out through bingo licenses (one per hall), which are due to terminate in two cycles, the first running from 2021 to 2024 (eight licenses) and the second from 2028 to 2029 (five licenses). In these halls, we operate slot machines as well as traditional bingo games.

The company continued to optimize its facilities in 2011 with the introduction of the coinless TITO (Ticket-In, Ticket-Out) system, having completed the installation in over 90% of the machines in the province of Buenos Aires, and the implementation

Both from the financial point of view as well as for growth potential, Argentina has become the biggest market in recent years for Codere. Among the main novelties of recent years stands out the enhancing of the Smoking Clubs (2014) of the gaming halls, which are designed as exclusive spaces with state-of-the-art gaming machines, food & beverages facilities and first class customer care. Moreover, and in line with the impetus to the development of responsible gambling in previous years, the company continues to develop initiatives with an important social outreach and promoting activities in the municipalities where it operates.