Global Presence

Mexico

Bingo 777

The Codere Group was established in Mexico in 1998 thanks to alliances with CIE and Grupo Caliente. Since the beginning of the operation in Mexico, Codere has been a pioneer in the betting and raffle games sector, a position it has maintained over the years. In 2012, due to its nationwide presence in the most important cities such as Mexico City and the metropolitan area, Monterrey, Guadalajara, Cancun, Veracruz or Puebla, among others, it consolidated itself as a leading company in the private gaming industry.
 

The operation of establishments was possible thanks to the 7 permits that the federal authority in the matter, the General Directorate of Games and Raffles, granted and with which the installation of gaming terminals, gambling halls, betting points and a racecourse. In addition to these permits, the Codere Mexico team has taken the necessary steps for each local government to allow betting games and draws.

Codere is the largest gaming operator in Mexico. Before the beginning of the pandemic, as of March 31, 2020, the company operated a total of 21,401 slot machines, 742 sports betting terminals, and 10,965 bingo seats at 95 gaming halls, 93 sports betting stores, and one racetrack, as well as online gaming. The company also holds a license, renewed in 2018, to operate the Las Américas entertainment Complex in Mexico City which encompasses the Las Américas racetrack, the family park Granja de las Américas, and Centro Citibanamex, Latin America’s largest convention center (which is being operated by CIE [Compañía Interamericana de Entretenimiento] under an outsourcing agreement executed on June 1, 2013 and renewed in 2019).

Codere’s core business in Mexico is the creation and management of gaming halls where it operates slot machines and, in some cases, gaming tables, bingo, and sports betting. The company also has incipient online activity across the country. The business is conducted mainly through AMH, in which the company has an 84.8% stake; and Codere Mexico, a wholly-owned subsidiary. Between each of these companies’ subsidiaries, Codere holds 135 permits to operate gaming halls. Those permits terminate between 2027 and 2048.
 
In spite of the health crisis caused by Covid-19, Codere’s gaming halls (with the exception of those located in the State of Mexico, which have remained closed since the beginning of the pandemic) gradually reopened beginning in June. At the end of November, there were a total of 63 gaming halls in operation (after the reopening, among others, of the Mexico City halls on October 12). The Las Americas racetrack also resumed operations on October 2. Most of the gaming halls are operating under various restrictions on their capacity or operations, as specifically determined by each state.
 
However, in mid-December, due to the worsening of the pandemic, additional temporary closures took place in Mexico City and some other regions, which has resulted in a significant reduction in the number of our gaming halls in operation, to a total of 30 as of January 18, 2021.

Areas of Activity (2020)

  • Gaming machines seats: 5,486
  • Gaming halls: 39
  • Betting locations: 345
  • Racetracks: -
  • Online gaming

Turnover (2020)

  • Revenue: €97.8 million  
  • EBITDA: €(1.1) million 

Milestones

  • 1998: Commencement of operations
  • 2004: Electronic bingo terminals
  • 2006: Purchase of Promojuegos
  • 2007: Purchase of 49% of ICELA
  • 2009: Introduction of Class III machines 
  • 2010: Agreement with the Grupo Caliente
  • 2011: Consolidation of operations with Grupo Caliente
  • 2012: Purchase of 35.8% additional of ICELA. According signature with Global Draw
  • 2013: 70th Anniversary Hipodromo de las Américas
  • 2014: Las Americas Racetrack reinforced its facilities launching to attend to the equestrian health. 
  • 2015: The company opened 6 new gaming halls and gave greater impetus to the entertainment events.
  • 2016: The Company drove activity in its gaming halls, and launched online gaming under the Codere Apuestas brand. 
             

CODERE Mexico

Av. Industria Militar s/n, Col. Industria Militar
Del. Miguel Hidalgo, C.P. 11600, México D.F.

PRIVACY NOTICE:

 

YAK

ECATEPEC - AMH

Plaza las Américas,  Av. Central S/N esq. 1° de Mayo
55076 Ecatepec, Estado de México México 2486-4381

DELTA - AMH

Av. Cuauhtémoc No. 46 esq. Obrero Mundial  Col. Narvarte - Centro Comercial Parque Delta
3020 Del. Benito Juárez, Distrito Federal México Tfn. 55-19-82-82