Global Presence

Codere started its business in Italy in 2001 in the bingo sector and is one of the leading companies in this sector, with ten bingo halls. The company currently manages a major gaming terminal interconnection network, Codere Network, operating more than 7,600 machines (AVP AWP and VLT) through machine management companies that it controls.

 

In 2021, the company undertook the restructuring of its business to the northwest of the country in the machine management market, simplifying its structure to take advantage of the existing operating, administrative and corporate synergies.

 

With regard to the online business, after considering several strategic alternatives, the sale of the Italian subsidiary was completed on December 30, 2022, thus ending the exit from this market.

 

Areas of Activity (2023):

• 7,224 machines
• 5,018 bingo seats
• 10 gaming halls
• 1,829 bars
• Gaming terminal network concession

Turnover (2023)*:

• Revenue: €317.4 million 
• EBITDA: €24.9 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 Italy